Gilbert Avanes - Reading International Interim CFO and Treasurer

RDIB Stock  USD 6.49  0.06  0.92%   

CFO

Mr. Gilbert Avanes is Interim Chief Financial Officer and Treasurer of the company. Mr. Gilbert Avanes was appointed Interim Chief Financial Officer and Treasurer of our Company, effective January 24, 2019. Mr. Avanes was an employee of and consultant to our Company for more than the past ten years, most recently serving as Vice President of Financial Planning and Analysis . Prior thereto, Mr. Avanes served as our Companys Senior Director of Financial Planning and Analysis, and as a consultant and then Senior Finance Manager since 2019.
Age 50
Tenure 5 years
Professional MarksMBA
Address 189 Second Avenue, New York, NY, United States, 10003
Phone213 235 2240
Webhttps://www.readingrdi.com
Avanes is a Certified Public Accountant and Chartered Professional Accountant and has a MBA from Laurentian University and a Bachelor of Commerce from Ryerson University.

Gilbert Avanes Latest Insider Activity

Tracking and analyzing the buying and selling activities of Gilbert Avanes against Reading International stock is an integral part of due diligence when investing in Reading International. Gilbert Avanes insider activity provides valuable insight into whether Reading International is net buyers or sellers over its current business cycle. Note, Reading International insiders must abide by specific rules, including filing SEC forms every time they buy or sell Reading International'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.

Reading International Management Efficiency

The company has return on total asset (ROA) of (0.0213) % which means that it has lost $0.0213 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (1.399) %, meaning that it created substantial loss on money invested by shareholders. Reading International's management efficiency ratios could be used to measure how well Reading International manages its routine affairs as well as how well it operates its assets and liabilities. As of November 22, 2024, Return On Tangible Assets is expected to decline to -0.06. In addition to that, Return On Capital Employed is expected to decline to -0.03. At present, Reading International's Total Assets are projected to decrease significantly based on the last few years of reporting. The current year's Other Current Assets is expected to grow to about 17.9 M, whereas Non Current Assets Total are forecasted to decline to about 252.9 M.
Reading International B currently holds 418.77 M in liabilities with Debt to Equity (D/E) ratio of 5.62, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Reading International has a current ratio of 0.48, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Reading International's use of debt, we should always consider it together with its cash and equity.

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Reading International, Inc., together with its subsidiaries, focuses on the ownership, development, and operation of entertainment and real property assets in the United States, Australia, and New Zealand. Reading International, Inc. was incorporated in 1999 and is headquartered in New York, New York. Reading International operates under Entertainment classification in the United States and is traded on NASDAQ Exchange. It employs 2025 people. Reading International B (RDIB) is traded on NASDAQ Exchange in USA. It is located in 189 Second Avenue, New York, NY, United States, 10003 and employs 2,025 people. Reading International is listed under Movies & Entertainment category by Fama And French industry classification.

Management Performance

Reading International Leadership Team

Elected by the shareholders, the Reading International's board of directors comprises two types of representatives: Reading International inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Reading. The board's role is to monitor Reading International's management team and ensure that shareholders' interests are well served. Reading International's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Reading International's outside directors are responsible for providing unbiased perspectives on the board's policies.
Robert Smerling, President of Domestic Cinemas
Ellen Cotter, Chairperson, CEO and President COO of Domestic Cinemas, Member of Executive Committee and Member of Executive Search Committee
Steven Lucas, Chief Accounting Officer, Vice President Controller
John Goeddel, Executive Officer
Terri Moore, Executive Operations
Steve Lucas, VP Officer
Mark Douglas, Managing Director - Reading Cinemas, Australia and New Zealand
Gilbert Avanes, Interim CFO and Treasurer
Craig JD, Executive Counsel
Guy Adams, Independent Director
Andrzej Matyczynski, Executive Vice President - Global Operations
Sandra Herrera, Associate Secretary
Margaret Cotter, Vice Chairperson, Member of Executive Committee, Member of Executive Search Committee and Pres ? Live Theatres LLC

Reading Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Reading International a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Also Currently Popular

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When determining whether Reading International offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Reading International's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Reading International B Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Reading International B Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reading International B. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
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Is Movies & Entertainment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Reading International. If investors know Reading will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Reading International listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.29)
Earnings Share
(1.88)
Revenue Per Share
9.128
Quarterly Revenue Growth
(0.28)
Return On Assets
(0.02)
The market value of Reading International is measured differently than its book value, which is the value of Reading that is recorded on the company's balance sheet. Investors also form their own opinion of Reading International's value that differs from its market value or its book value, called intrinsic value, which is Reading International's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Reading International's market value can be influenced by many factors that don't directly affect Reading International's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Reading International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Reading International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Reading International's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.