Seven West Media's solid core TV asset is overshadowed by print media exposure.
Shocking outlook commentary from no moat-rated Seven West Media overshadowed a better-than-expected full-year result (normalised net profit after tax, or NPAT, down 0.9% to AUD 207.3 million versus our AUD 193.1 million forecast, final DPS flat at AUD 0.04 fully franked). After a 10.7% fall in fiscal 2016 EBIT to AUD 318.1 million, management is now projecting a further 15%-20% fall in fiscal 2017 EBIT to between AUD 255 million and AUD 270 million.Seven's cost base will be elevated from the R...
Seven West Media has four reportable segments: Television, which is engaged in the production and operation of commercial television programming and stations; Newspapers, which is comprised of the publishers of newspapers and insert magazines in Western Australia, Quokka (weekly classified advertising publication), Colourpress, Digital publishing and West Australian Publishers; Pacific -which is comprised of the publishers of magazines in print and digital editions as well as social and e-commerce business; as well as Other Business and New Ventures, which is made up of equity accounted investees; Radio (radio stations broadcasting in regional areas of Western Australia) and RED Live..
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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