We have updated our model for FY and to reflect updated company outlook for the coming years. There are two key positives we take: 1/ Cable capex coming down even more than anticipated (from 36% of sales in FY 21 to 25% of sales in FY 22), and 2/ A confirmed positive growth outlook for TelevisaUnivision, backed up by upbeat comments on the local Upfronts (13%) for 2022, as well as a quicker launch for SVOD than we had thought (early Q3).
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Televisa's CFO hosted a sell-side meeting yesterday. The messaging continues on from the Q2s: cable and SKY are seeing good results through the pandemic, whilst it’s too early to tell when the strong ratings performance in FTA will ultimately translate into revenue.
Following results out after close on Thursday in Mexico, we had the earnings calls for Televisa and Megacable on Friday. As expected, cable capex was a dominant theme and we saw MEGA guiding capex up for 2020 to US$400m, from $340m in 2019, whilst Televisa guided down group capex by $100m for 2020, implying spend in its cable business, Izzy, falling from $675m to $575
Following results out after close on Thursday in Mexico, we had the earnings calls for Televisa and Megacable on Friday. As expected, cable capex was a dominant theme and we saw MEGA guiding capex up for 2020 to US$400m, from $340m in 2019, whilst Televisa guided down group capex by $100m for 2020, implying spend in its cable business, Izzy, falling from $675m to $575
Grupo Televisa posted a mixed second quarter as the Mexican media giant continues to make strides in turning its businesses around. Broadband remains a bright spot for the firm as it undergoes a transitional 2019. The outlook for advertising revenue remains weak due to the government's decision to slash advertising spending by 50% across the board and a weak macroeconomic climate. We are maintaining our wide economic moat rating for Grupo Televisa and our fair value estimate of $17. With shares ...
Grupo Televisa posted a mixed second quarter as the Mexican media giant continues to make strides in turning its businesses around. Broadband remains a bright spot for the firm as it undergoes a transitional 2019. The outlook for advertising revenue remains weak due to the government's decision to slash advertising spending by 50% across the board and a weak macroeconomic climate. We are maintaining our wide economic moat rating for Grupo Televisa and our fair value estimate of $17. With shares ...
Grupo Televisa reported an in line start to 2019, a slight relief after a challenging 2018 for the Mexican media giant. The company continues to make strides in turning its businesses around. Broadband, both fixed line and fixed wireless, remains a bright spot for the firm. The government's decision to slash advertising spending by 50% across the board continues to hamper the outlook for advertising revenue growth. We are maintaining our wide economic moat rating for Grupo Televisa and our fair ...
Grupo Televisa reported an in line start to 2019, a slight relief after a challenging 2018 for the Mexican media giant. The company continues to make strides in turning its businesses around. Broadband, both fixed line and fixed wireless, remains a bright spot for the firm. The government's decision to slash advertising spending by 50% across the board continues to hamper the outlook for advertising revenue growth. We are maintaining our wide economic moat rating for Grupo Televisa and our fair ...
Grupo Televisa reported a weak end to a challenging 2018 as both revenue and EBITDA missed against consensus projections. Despite the issues, the company has made some strides in turning its businesses around. Televisa continues to gain traction in broadband, within both fixed line and fixed wireless. While ad revenue fell year over year in the quarter, breaking a three-quarter growth streak, the decline was due to the government's decision to decrease advertising spending across the board. We a...
Grupo Televisa reported a weak end to a challenging 2018 as both revenue and EBITDA missed against consensus projections. Despite the issues, the company has made some strides in turning its businesses around. Televisa continues to gain traction in broadband, within both fixed line and fixed wireless. While ad revenue fell year over year in the quarter, breaking a three-quarter growth streak, the decline was due to the government's decision to decrease advertising spending across the board. We a...
Grupo Televisa reported a weak end to a challenging 2018 as both revenue and EBITDA missed against consensus projections. Despite the issues, the company has made some strides in turning its businesses around. Televisa continues to gain traction in broadband, within both fixed line and fixed wireless. While ad revenue fell year over year in the quarter, breaking a three-quarter growth streak, the decline was due to the government's decision to decrease advertising spending across the board. We a...
Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.