To The Moon

$Event Hospitality(EVT.AU)$ Event Hospitality is an Australian recovery play and is up 146% in just over 2 years! This is an amazing turnaround for a company that was trading at just AUD6.30 in March 2020 and yesterday 's closing price of AUD 14.74. $Event Hospitality(EVT.AU)$ owns the largest cinema chains in Australia and New Zealand as well as hotels and resorts in both countries and Germany. From its humble beginnings in 1910, it is now an entertainment powerhouse. Australians maybe familiar with Event Cinemas which is the flagship of Event Hospitality. The other brands include GU Film House, BCC Cinemas, Rydges Hotels & Resorts, QT Hotels and Resorts, The State Theatre, Thredbo Alpine Resort, Atura Hotels and Edge Technology. Event Hospitality had just announced a full year result for FY2022 with a strong rebound on 22 August 2022. The Group revenue was AUD 953.8 million up 46% and EBITDA was AUD138.3 million, up AUD 111.1 million on the prior year. Profit After Tax was AUD 53.3 million, a AUD 101.4 million improvement on the previous year loss. The Entertainment business benefited from customers returning to the cinemas and blockbuster films were released. These were Top Fun Maverick and Spider Man No Way Home. The Hotels Division experienced a strong recovery with record room rates and steady growth in occupancy. According to EVT CEO Jane Hastings "We have a strong balance sheet and net debt is below pre Covid Levels, positioning us to invest for growth and capitalise on opportunities." Event commands a 26% share of the Australian and New Zealand cinema market with the next biggest player Village Cinemas holding 20% share. Event is also active in property redevelopment which includes a large portfolio of freehold holdings. Event has developed the Rydges Brand and the QT Hotels Brand and had reinvested capital in their facilities to keep them current and appealing for customers. $Event Hospitality(EVT.AU)$ ticks all the fundamentals of a quality stock. It is certainly profitable and has a rock solid balance sheet. It also has an excellent management team which has developed a culture of cost control. $Event Hospitality(EVT.AU)$ has been very rewarding for investors who took a punt in March 2020 since its share price has shot up 146 % since then. $Event Hospitality(EVT.AU)$ is not just in pictures. Its diversified portfolio of quality assets which includes hotels, resorts and other streams of income, makes it a great business and a stock price recovery story. @Tiger_AU Earnings Season @ASX_Stars @TigerStars@MillionaireTiger@CaptainTiger