Southern Cross benefits from a diverse portfolio of radio and TV assets.
There are fears Southern Cross Media may be left out of media sector consolidation, especially with the proposed Nine-Fairfax combination potentially cooling interest for the no-moat-rated TV and radio broadcaster.If the concern is this will lead to a reversal of the 26% stock price rally since early April 2018, then we view this as misplaced. The recent performance merely brings Southern Cross shares to our AUD 1.30 fair value estimate on a stand-alone basis. Shares are trading at just 12.3 ti...
Southern Cross Media Group is engaged in the creation and broadcasting of content on free-to-air commercial radio (AM, FM and digital), television and online media platforms across Australia.
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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