Report
Brian Han
EUR 147.86 For Business Accounts Only

Nine No Longer the One, but Shares Attractive

No-moat Nine Entertainment's fiscal 2016 result was a messy one. Reported net profit after tax, or NPAT, of AUD 324.8 million was a significant turnaround from the impairment-affected AUD 592.2 million net loss suffered a year ago. However, it was mostly boosted by the AUD 288.2 million in net gain from the sale of the Nine Live (Ticketek) business, partly offset by another string of abnormal charges and impairments.
Amid this labyrinth of one-off items, normalised NPAT on a continuing business ...
Underlying
Nine Entertainment Co. Holdings Limited

Nine Entertainment Co. Holdings is engaged in the television broadcasting and program production and digital, internet, subscription television, and other media sectors. Co. manages its business based on two reportable segments: television, which includes free to air television activities; and digital, which includes its Nine Digital Pty Limited subsidiary and other digital activities.

Provider
Morningstar
Morningstar

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.

We have operations in 27 countries.

Analysts
Brian Han

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