Parkz News Village Roadshow releases full year results, commits to ride removals and new additions

[rappa]

It is how it works though. 
You go to a ride manufacturer and say “we want a flume reusing this big of channel that meets your spec”

And they say “ok” and certify the whole thing when done. 
 

It’s been done many times around the world before. 

[Richard]

1 hour ago, Levithian said:

That's not how it works though. Who do you buy all the replacement components from? Forget about the boats, what about the control system and the conveyors?

Not sure you’ve read what I’m saying correctly. Here’s the important bits:

8 hours ago, Richard said:

the flume dimensions on Vikings Revenge is industry standard so Intamin/Mack/etc could bring it to life

 

8 hours ago, Richard said:

The boats, station, lift(s), drop(s) and splashdown would all need to be new

 

6 hours ago, Richard said:

that new section that snakes under Storm is all that would remain on a resurrected flume

[Jdude95]

At this point, removing all of that old infrastructure would be an invasive and awkward mess. Easier to just leave it until you've got a proper plan to actually revamp the area.

[StingRay]

It's not affecting anyone (much) So I am the same like @Jdude95. Better to work with a plan when you have one and know the exact direction you want.

[DaptoFunlandGuy]

12 hours ago, Jdude95 said:

At this point, removing all of that old infrastructure would be an invasive and awkward mess. Easier to just leave it until you've got a proper plan to actually revamp the area.

just drop a few shopping trolleys into it (aka city canals) and it fits the theme perfectly!

[StingRay]

7 hours ago, AlexB said:

just drop a few shopping trolleys into it (aka city canals) and it fits the theme perfectly!

The lost city of Atlantis...

[Jdude95]

1 minute ago, StingRay said:

The lost city of Southport

FTFY

Edited September 3, 2020 by Jdude95

[StingRay]

Thank you, gents.

[Levithian]

On 02/09/2020 at 6:14 PM, rappa said:

It is how it works though. 
You go to a ride manufacturer and say “we want a flume reusing this big of channel that meets your spec”

And they say “ok” and certify the whole thing when done. 
 

It’s been done many times around the world before. 

And if nobody is prepared to put their name to your in house built ride... what happens? Thats what im getting at. Its a big responsibility, unless you mean completely gut the ride and rebuild everything with newly supplied components?

At a guess, that also means insurance companies not willing to give you coverage given what happened at dreamworld too. 

Just a guess but it goes into the too hard/costly/impossible basket and the ride gets removed. 

Edited September 3, 2020 by Levithian

[rappa]

3 hours ago, Levithian said:

Unless you mean completely gut the ride and rebuild everything with newly supplied components?

Yes all anyone was talking about here is reusing a bit of bare concrete trough. 

[Guest 239]

10 hours ago, rappa said:

Yes all anyone was talking about here is reusing a bit of bare concrete trough. 

Just throwing it out there, ‘Bare Concrete Trough’ is a great band name. 

[Brad2912]

SHAREHOLDERS in Gold Coast theme park owner Village Roadshow will benefit from a bonus cash payment if they give the green light to the BGH Capital takeover at a meeting later this month.

Village on Monday announced that it has agreed with BGH to lock in the 12 cents per share bonus four days earlier than required.

The bonus was conditional upon Movie World and Sea World being open for a period prior to the shareholder meeting on November 26.

However, shareholders will miss out on two other bonus payments - one for there being no changes to the cinema release schedule and another related to border closures with NSW and Victoria.

The latter would have delivered 5 cents extra to shareholders if there were no border control measures with NSW by November 1 and Victoria by November 15.

Queensland did not open its border to residents from Greater Sydney on November 1 meaning that the requirement for the 5c payment was not met.

A booklet outling the property from private equity firm BGH was sent to shareholders last month.

The proposal is actually two with the first option - preferred by directors - offering $2.32 per share with additional payments for the theme parks and borders reopening and the cinema release schedule remaining unchanged.

This would see BGH acquiring shares in Village’s ultimate holding company, held by John Kirby, Robert Kirby and Graham Burke, with the holding company going on to buy out all remaining shares. The holding company has 39.91 per cent of shares on issue.
A second option has a lower cash offer of $2.22 per share because of what are said to be additional costs incurred by BGH in implementation of the second proposal.

Last month an independent expert’s report came down in favour of shareholders approving the takeover.

According to Grant Samuels - the independent expert engaged by Village to report back on the scheme - the offer was fair and reasonable and in the best interests of shareholders in the absence of a better offer.

Grant Samuels said if not for the deal, Village would have to raise $300 million to keep the company afloat.

https://www.goldcoastbulletin.com.au/business/gold-coast-theme-park-owner-village-roadshow-close-to-finalising-deal-with-bgh-capital/news-story/e641f79673a6806dba008d549e2b794c

[DaptoFunlandGuy]

15 hours ago, Brad2912 said:

Queensland did not open its border to residents from Greater Sydney on November 1 meaning that the requirement for the 5c payment was not met.

Could this have anything to do with the vitriol around the election?

[Brad2912]

interesting little grab from Clark Kirby's contribution to an article in the GCB about how the Gold Coast will rebound from covid.

"Family-favourite events White Christmas at Movie World, Dive’n’Movies at Wet’n’Wild and Carnivale at Sea World are all returning as well as the addition of some exciting limited-time-only attractions which will be in place over the summer period."

Wonder what these limited-time-only attractions will be. Maybe some drop in carnival rides as we saw with Star Flyer? 

[Jdude95]

13 hours ago, AlexB said:

Could this have anything to do with the vitriol around the election?

Of course not. Village are a perfect company who would never put money ahead of making a reasonable decision...

[DaptoFunlandGuy]

10 hours ago, Jdude95 said:

Of course not. Village are a perfect company who would never put money ahead of making a reasonable decision...

They should hire them to be the new chief health officer. Clearly they know what's best for the health of the state.