Vista Group half-year results wipe out 27% of share value
UPDATED: The cinema group’s guidance spooks long-term investors.
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UPDATED: At time of writing, Vista Group’s share price has fallen 27% to $3.95, after opening at $5.42, shaving off nearly all of its year-to-date gains.
Before market open, the shares had risen 35% in the past 12 months compared with the benchmark S&P/NZX 50 Index’s 15% gain.
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