OOhmedia Enjoys Out-Of-Home Tailwinds, but Concession Renewal Headwinds Forever Loom
As if competition in the outdoor space is not fierce enough, no-moat oOhmedia must now battle its rival APN Outdoor for a CFO. This follows the departure of Peter McClelland late last year to join Velocity Frequent Flyer, followed by the abrupt resignation of APN's CFO this month. A search for any "no-compete" clauses in the previous APN CFO's employment contract may be in order for oOhmedia's headhunter.Despite the distractions, there is no change to our AUD 4.70 fair value estimate for oOhmed...
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