Respectable Result from APN Outdoor Despite Distractions; FVE Eased to AUD 5.60
No-moat-rated APN Outdoor's 2017 first-half performance was far from stellar. However, it was good enough to dispel much of the market fear heading into the result, relating to slowing revenue growth and the disruptive impact of the failed merger with oOh!media.The 8% revenue growth during the half was respectable compared with the 6% for the overall outdoor market, albeit aided by two recent bolt-on acquisitions in iOM and Metrospace. Furthermore, despite the distractions of the oOh!media deal...
APN Outdoor Group Limited is an Australia-based provider of advertising services. The Company operates in the Out-of-Home advertising market segment. The Company supplies Out-of-Home media and advertising services at sites in Australia and New Zealand. It offers digital billboards, static roadside billboards, transit advertising, rail advertising and airport advertising. It has a geographically diversified outdoor advertising network, which operates in New South Wales, Victoria, Queensland, Western Australia, South Australia, the Australian Capital Territory, Tasmania and New Zealand.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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