Latest news with #EVT
Herald Sun
5 days ago
- Business
- Herald Sun
ASX jumps 0.66pc, approaching all-time highs
Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. Morning, and welcome to Stockhead's Top 10 (at 11… ish), highlighting the movers and shakers on the ASX in early-doors trading. With the market opening at 10am sharp eastern time, the data is taken at 10:15, once trading kicks off in earnest. In brief, this is what the markets have been up to this morning. US markets approach all-time highs It was another day of gains in the US overnight, with all three major indices posting solid advances. The Nasdaq lifted 0.8%, recovering its year-to-date losses caused by the tariff war, while the S&P500 is about 3% off its all-time highs after gaining 0.6%. The vast majority of the S&P500 and Nasdaq's strength is coming from tech and communications stocks, which have been moving from strength to strength as AI demands increase. While the gains have not been even across the board, several tech stocks stand out in what was a fairly bearish market until last month. Netflix Inc is up 35% for the last six months, Microsoft 7.37% and Meta 8.67%. Asustek Computer (better known as Asus) added 6.16% while Broadcom Inc has surged more than 50% in the same period. The same pattern holds largely true for the Australian market as well. The Telecomm sector has gained more than 13% for the year so far, the largest percentage increase for that period of any ASX sector. Telstra (ASX:TLS) has added more than 21% to its share price in the year to date, entertainment company EVT (ASX:EVT) has surged 42%, Aussie Broadband (ASX:ABB) is up 17% and internet provider TPG (ASX:TPG) has gained 16%. ASX continues to build momentum The ASX has surged 0.66% in the first hour of trade, closing in an all-time highs that now sit just over 1% away. Every sector is flashing green, with particular strength in Energy, which has rocketed more than 2% higher on the back of rising oil prices. Crude hit a 2-week high overnight, rising 1.5% to US$65.63 a barrel of Brent. Resources stocks are also making moves, driving the ASX 200 Resources index almost 1% higher, while the Banks and Tech sectors bring up the rear, adding 0.65% and 0.48% to their indices respectively. The ASX is unlikely to set a new all-time high today… but we're well within shouting distance of it this week. WINNERS Code Name Last % Change Volume Market Cap JAY Jayride Group 0.002 100% 627513 $1,427,889 MOM Moab Minerals Ltd 0.002 100% 1000000 $1,733,666 BM8 Battery Age Minerals 0.067 37% 1573826 $5,972,699 EEL Enrg Elements Ltd 0.002 33% 500000 $4,880,668 NAE New Age Exploration 0.004 33% 241447 $7,978,197 SFG Seafarms Group Ltd 0.002 33% 290025 $7,254,899 EPM Eclipse Metals 0.02 33% 32168721 $42,987,285 ADN Andromeda Metals Ltd 0.0145 32% 36818467 $41,946,774 MIO Macarthur Minerals 0.018 20% 138888 $2,994,983 ARV Artemis Resources 0.006 20% 1847664 $12,642,647 In the news... Andromeda Metals (ASX:ADN) has secured a $75m debt facility with Merrick Capital after an extensive due diligence period, obtaining both an endorsement of its Great White project's economics and a large chunk of the change needed to develop the project. ADN plans to use kaolin from the Great White project to produce 4N high purity alumina, a valuable critical mineral used in lithium-ion batteries and semiconductors among other high-tech applications. LAGGARDS Code Name Last % Change Volume Market Cap BRX Belararoxlimited 0.061 -27% 1077443 $13,253,417 BP8 Bph Global Ltd 0.0015 -25% 20000 $2,101,969 PRM Prominence Energy 0.003 -25% 4125 $1,556,706 TAS Tasman Resources Ltd 0.02 -20% 8700 $4,603,565 TEG Triangle Energy Ltd 0.002 -20% 843 $5,223,085 TMX Terrain Minerals 0.002 -20% 1712757 $5,621,392 GGE Grand Gulf Energy 0.0025 -17% 180000 $8,461,275 PIL Peppermint Inv Ltd 0.0025 -17% 174011 $6,828,269 PRX Prodigy Gold NL 0.0025 -17% 6392507 $9,525,167 5EA 5Eadvanced 0.52 -15% 10490 $9,136,299 At Stockhead, we tell it like it is. While Andromeda Metals is a Stockhead advertiser, it did not sponsor this article This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions. Originally published as Top 10 at 11: ASX surges at open with all sectors in the green
AU Financial Review
7 days ago
- Business
- AU Financial Review
IMAX bets that bigger, louder will win people back from streaming
IMAX will grow its number of screens in Australia from four to nine by 2027, at an average cost of $1.5 million each, on a bet that those still venturing out to cinemas want bigger screens and more lifelike imagery and sound than they can get at home. The NYSE-listed IMAX, which makes cameras and software to shoot movies like Oppenheimer and Furiosa in its high-resolution format and builds laser projectors and screens more than four times larger than the average cinema to show them, said it would partner in four new cinemas with EVT, the ASX-listed entertainment business controlled by Financial Review Rich Lister Alan Rydge.
Business Wire
21-05-2025
- Business
- Business Wire
EVT and IMAX Expand Fast-Growing Partnership with Four New
NEW YORK--(BUSINESS WIRE)--EVT (ASX: EVT) and IMAX Corporation (NYSE: IMAX) today announced a significant expansion of their fast-growing partnership, with an agreement for four new state-of-the-art IMAX ® with Laser systems across Australia. The agreement represents the largest deal ever for new IMAX locations in Australia and triples the IMAX network with EVT. Three locations are set to open before the end of 2026, with an additional location set to open in 2027. EVT has rapidly grown its offering, becoming the largest operator of IMAX locations in Australia. EVT's existing IMAX footprint includes the iconic IMAX Sydney in Darling Harbour - which has consistently ranked among the top 5 locations globally for IMAX since it reopened in late 2023 - and Event Cinemas Pacific Fair on the Gold Coast, which opened in December. The partnership extends to Australia, New Zealand and Germany where IMAX and EVT are partnered on seven locations across these countries, with seven more locations set to open. 'A key element of the EVT entertainment strategy is to target investment into 'Fewer and Better' locations, maximising EVT's premiumization concepts and solidifying our leading positions. Our customers love the IMAX format and when you pair that with our broad range of premium seating options, we continue to deliver world class movie-going experiences. The growing preference for premium cinema is evident in our record-breaking key metrics results. With a strong future IMAX line-up, we look forward to offering more customers the IMAX experience' said EVT CEO, Jane Hastings. 'Moviegoer demand for IMAX significantly eclipses our current footprint in Australia and EVT continues to be very proactive and strategic in filling that gap, with IMAX locations set for new areas across the country,' said Rich Gelfond, CEO of IMAX. 'EVT and IMAX share a passion and keen focus on delivering the best possible cinematic experience, and we look forward to adding even more locations in one of our most productive markets worldwide.' IMAX has undergone unprecedented growth in Australia – inclusive of this deal, the IMAX network in the country has grown eightfold since late 2022, when IMAX Melbourne was the only location in the country. IMAX currently has four locations open in the country, and this deal bumps the backlog count to five new locations slated to open. The deal comes as IMAX continues to ride a wave of momentum in Australia. The country was the top market overall by per-screen-average (PSA) for IMAX in 2024, with an average of nearly $4.5 million per screen in the market - the next-best market delivered a PSA of just over $2.4 million. Similarly, Australia currently ranks as the tenth market overall for IMAX box office - a stellar result from just four locations in the country and ranking behind powerhouse IMAX markets like the U.S., China, Japan and the UK. The new EVT location will be equipped with IMAX with Laser, IMAX's most advanced entertainment experience. Immersive by design, IMAX with Laser has been developed from the ground-up to deliver crystal clear, lifelike images and precision audio for a moviegoing experience unlike anything else. The experience is set apart by a ground-breaking 4k laser projection system that features a new optical engine, custom designed lenses, and a suite of proprietary technology that delivers brighter images with increased resolution, deeper contrast, and the widest range of colors exclusively to IMAX screens. ABOUT EVT Entertainment businesses that excite every sense. Commercial Ventures driven by a passion for new opportunities. Travel businesses that always feel local and authentic. Event Cinemas is part of EVT Event Cinemas is the ultimate experience for movie-goers, entertainment precincts that offer state-of-the-art cinema with quality food and beverage: from bars and cafes with extensive wines and highly trained baristas, to Scoop Alley – our self-service candy bar. The dining experience at Event Cinemas is far from being just about popcorn. Then there's our big movie experience – V-Max, with big seats, big sound and a huge 20 metre digital screen, guaranteeing maximum impact. And Gold Class, the finest in luxury cinema, with every seat, literally, the best seat in the house. Entertainment: 140+ Cinema Experiences | 150+ Bars and Restaurants | Wellness Event Cinemas AU & NZ | BCC Cinemas | Rialto Cinemas | The Embassy | CineStar Germany | Moonlight | Skyline Drive In | Cinebuzz OnDemand | State Theatre | SpaQ | Thredbo leisure Centre & Golf Course | Rydges Formosa Golf Course Ventures: ~$2B Property Portfolio | Partnerships EVT Property Development | EVT Hotel Management | EDGE CT | EVT Media & Sponsorship | EVT Partnerships | The Parlour Lane Company Travel: 80+ Hotels | Australia's number 1 Ski Resort QT | Rydges | Atura | LyLo | Independent Collection by EVT | Thredbo ASX top 200: EVT | ~$1Bn Annual turnover | $2Bn+ Market Cap | Team of ~9000 For more information visit About IMAX Corporation IMAX, an innovator in entertainment technology, combines proprietary software, architecture, and equipment to create experiences that take you beyond the edge of your seat to a world you've never imagined. Top filmmakers and studios are utilizing IMAX systems to connect with audiences in extraordinary ways, making IMAX's network among the most important and successful theatrical distribution platforms for major event films around the globe. IMAX is headquartered in New York, Toronto, and Los Angeles, with additional offices in London, Dublin, Tokyo, and Shanghai. As of March 31, 2025, there were 1,810 IMAX systems (1,738 commercial multiplexes, 11 commercial destinations, 61 institutional) operating in 89 countries and territories. Shares of IMAX China Holding, Inc., a subsidiary of IMAX Corporation, trade on the Hong Kong Stock Exchange under the stock code '1970'. IMAX ®, IMAX ® 3D, Experience It In IMAX ®, The IMAX Experience ®, DMR ®, Filmed For IMAX ®, IMAX LIVE™, and IMAX Enhanced ® are trademarks and trade names of IMAX Corporation or its subsidiaries that are registered or otherwise protected under laws of various jurisdictions. For more information, visit You may also connect with IMAX on Instagram ( Facebook ( LinkedIn ( X ( and YouTube (
Yahoo
17-05-2025
- Business
- Yahoo
Capital Allocation Trends At EVT (ASX:EVT) Aren't Ideal
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. However, after investigating EVT (ASX:EVT), we don't think it's current trends fit the mold of a multi-bagger. Our free stock report includes 2 warning signs investors should be aware of before investing in EVT. Read for free now. Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. To calculate this metric for EVT, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.041 = AU$91m ÷ (AU$2.6b - AU$386m) (Based on the trailing twelve months to December 2024). So, EVT has an ROCE of 4.1%. Ultimately, that's a low return and it under-performs the Entertainment industry average of 9.0%. Check out our latest analysis for EVT In the above chart we have measured EVT's prior ROCE against its prior performance, but the future is arguably more important. If you'd like, you can check out the forecasts from the analysts covering EVT for free. On the surface, the trend of ROCE at EVT doesn't inspire confidence. Around five years ago the returns on capital were 10%, but since then they've fallen to 4.1%. Meanwhile, the business is utilizing more capital but this hasn't moved the needle much in terms of sales in the past 12 months, so this could reflect longer term investments. It may take some time before the company starts to see any change in earnings from these investments. On a side note, EVT has done well to pay down its current liabilities to 15% of total assets. That could partly explain why the ROCE has dropped. What's more, this can reduce some aspects of risk to the business because now the company's suppliers or short-term creditors are funding less of its operations. Some would claim this reduces the business' efficiency at generating ROCE since it is now funding more of the operations with its own money. Bringing it all together, while we're somewhat encouraged by EVT's reinvestment in its own business, we're aware that returns are shrinking. Investors must think there's better things to come because the stock has knocked it out of the park, delivering a 117% gain to shareholders who have held over the last five years. But if the trajectory of these underlying trends continue, we think the likelihood of it being a multi-bagger from here isn't high. On a final note, we've found 2 warning signs for EVT that we think you should be aware of. For those who like to invest in solid companies, check out this free list of companies with solid balance sheets and high returns on equity. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
17-05-2025
- Business
- Yahoo
Capital Allocation Trends At EVT (ASX:EVT) Aren't Ideal
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. However, after investigating EVT (ASX:EVT), we don't think it's current trends fit the mold of a multi-bagger. Our free stock report includes 2 warning signs investors should be aware of before investing in EVT. Read for free now. Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. To calculate this metric for EVT, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.041 = AU$91m ÷ (AU$2.6b - AU$386m) (Based on the trailing twelve months to December 2024). So, EVT has an ROCE of 4.1%. Ultimately, that's a low return and it under-performs the Entertainment industry average of 9.0%. Check out our latest analysis for EVT In the above chart we have measured EVT's prior ROCE against its prior performance, but the future is arguably more important. If you'd like, you can check out the forecasts from the analysts covering EVT for free. On the surface, the trend of ROCE at EVT doesn't inspire confidence. Around five years ago the returns on capital were 10%, but since then they've fallen to 4.1%. Meanwhile, the business is utilizing more capital but this hasn't moved the needle much in terms of sales in the past 12 months, so this could reflect longer term investments. It may take some time before the company starts to see any change in earnings from these investments. On a side note, EVT has done well to pay down its current liabilities to 15% of total assets. That could partly explain why the ROCE has dropped. What's more, this can reduce some aspects of risk to the business because now the company's suppliers or short-term creditors are funding less of its operations. Some would claim this reduces the business' efficiency at generating ROCE since it is now funding more of the operations with its own money. Bringing it all together, while we're somewhat encouraged by EVT's reinvestment in its own business, we're aware that returns are shrinking. Investors must think there's better things to come because the stock has knocked it out of the park, delivering a 117% gain to shareholders who have held over the last five years. But if the trajectory of these underlying trends continue, we think the likelihood of it being a multi-bagger from here isn't high. On a final note, we've found 2 warning signs for EVT that we think you should be aware of. For those who like to invest in solid companies, check out this free list of companies with solid balance sheets and high returns on equity. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
