Will 2017 Media Reform Lead to Another 'Urge-To-Merge' Frenzy?
We retain our fair value estimates for Fairfax Media Ltd (FXJ AU), Nine Entertainment Co Holdings Ltd (NEC AU), News Corp Class B (NWS US), Seven...
231 Views
Southern Cross Media Still Suffering Breakfast Indigestion
The AUD 11.8 million licence fee relief is exactly that for no-moat-rated Southern Cross Media. It is likely to provide a 7.1% boost to group...
180 Views
Last Week, in Event SPACE (4 June 2017)
In this note, AMMB Holdings Bhd (AMM MK) / RHB Bank Bhd (RHBBANK MK) rekindle a failed engagement; Start Today Co Ltd (3092 JP)’s Maezawa pledges a...
394 Views
Hunter May Become the Hunted as Southern Cross Shares Drift Below Our Intrinsic Assessment
The recent 8% downgrade to fiscal 2017 EBITDA guidance has dragged shares in no-moat-rated Southern Cross Media to 6% below our unchanged AUD 1.20...
240 Views
Media Reform at Full Tilt; Now for the Circus
The Federal government plans to abolish television licence fees and curb betting advertisements on television screens. The net impact is positive...
309 Views