Report
Brian Han
EUR 100.00 For Business Accounts Only

Southern Cross Turns Radio-Active

Management's concerted efforts to promote Southern Cross Media as a stable radio entity are gaining traction. Shares are up almost 30% in 2019 to-date (excluding the AUD 0.0375 interim DPS paid in April), and are now trading just 8% below our unchanged AUD 1.40 per share fair value estimate.
There has been an extensive showcasing of Southern Cross' unrivalled portfolio of leading commercial radio properties over the past year. The recent reclassification of segmental financial disclosure has fur...
Underlying
Southern Cross Media Group

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.

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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