A director at Nine Entertainment Co Holdings Ltd maiden bought 123,456 shares at 1.620AUD and the significance rating of the trade was 74/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors ove...
NINE ENTERTAINMENT (AU), a company active in the Broadcasting & Entertainment industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date March 15, 2022, the closing price was AUD 2.77 a...
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....
Shares in Nine Entertainment have rallied almost 40% (inclusive of dividends) since the release of its fiscal 2019 interim result in February 2019, and are now trading close to our unchanged AUD 2.00 fair value estimate. This is a stellar performance against a weak industry backdrop, with both the overall and free-to-air TV advertising market down mid-single-digit percentage points since the start of 2019, notwithstanding a one-off boost from election-related expenditures. The benefits of Nine'...
Shares in Nine Entertainment have rallied almost 40% (inclusive of dividends) since the release of its fiscal 2019 interim result in February 2019, and are now trading close to our unchanged AUD 2.00 fair value estimate. This is a stellar performance against a weak industry backdrop, with both the overall and free-to-air TV advertising market down mid-single-digit percentage points since the start of 2019, notwithstanding a one-off boost from election-related expenditures. The benefits of Nine'...
Shares in Nine Entertainment have rallied almost 40% (inclusive of dividends) since the release of its fiscal 2019 interim result in February 2019, and are now trading close to our unchanged AUD 2.00 fair value estimate. This is a stellar performance against a weak industry backdrop, with both the overall and free-to-air TV advertising market down mid-single-digit percentage points since the start of 2019, notwithstanding a one-off boost from election-related expenditures. The benefits of Nine's...
Amidst the mess of noise and impact created by the Fairfax merger, we highlight three key points from Nine Entertainment's fiscal 2019 first-half result, all of which support our unchanged AUD 2.00 fair value estimate for the enlarged group. First, earnings guidance for fiscal 2019 is reassuring. The projected 10% minimum uplift in group EBITDA (on a continuing business basis) to AUD 420 million is broadly in line with our expectations, if we exclude likely earnings from the to-be-sold business...
Amidst the mess of noise and impact created by the Fairfax merger, we highlight three key points from Nine Entertainment's fiscal 2019 first-half result, all of which support our unchanged AUD 2.00 fair value estimate for the enlarged group. First, earnings guidance for fiscal 2019 is reassuring. The projected 10% minimum uplift in group EBITDA (on a continuing business basis) to AUD 420 million is broadly in line with our expectations, if we exclude likely earnings from the to-be-sold business...
Amidst the mess of noise and impact created by the Fairfax merger, we highlight three key points from Nine Entertainment's fiscal 2019 first-half result, all of which support our unchanged AUD 2.00 fair value estimate for the enlarged group. First, earnings guidance for fiscal 2019 is reassuring. The projected 10% minimum uplift in group EBITDA (on a continuing business basis) to AUD 420 million is broadly in line with our expectations, if we exclude likely earnings from the to-be-sold businesse...
Summary Marketline's Fairfax Media Limited Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Fairfax Media Limited since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the or...
We lift our fair value estimate for Nine Entertainment by 18% to AUD 2.00 per share. This follows Fairfax Media shareholders' approval on Nov. 19, 2018 of the proposed scheme to merge with Nine--an event that has prompted the formal publication of our forecasts and intrinsic assessment for the combined entity. The increase in the still no-moat-rated Nine's fair value estimate primarily stems from our AUD 62 million synergy expectation from combining with Fairfax, with the most obvious sources b...
We lift our fair value estimate for Nine Entertainment by 18% to AUD 2.00 per share. This follows Fairfax Media shareholders' approval on Nov. 19, 2018 of the proposed scheme to merge with Nine--an event that has prompted the formal publication of our forecasts and intrinsic assessment for the combined entity. The increase in the still no-moat-rated Nine's fair value estimate primarily stems from our AUD 62 million synergy expectation from combining with Fairfax, with the most obvious sources b...
We lift our fair value estimate for Nine Entertainment by 18% to AUD 2.00 per share. This follows Fairfax Media shareholders' approval on Nov. 19, 2018 of the proposed scheme to merge with Nine--an event that has prompted the formal publication of our forecasts and intrinsic assessment for the combined entity. The increase in the still no-moat-rated Nine's fair value estimate primarily stems from our AUD 62 million synergy expectation from combining with Fairfax, with the most obvious sources be...
Nine Entertainment's recent trading update was uneventful, with fiscal 2019 normalised EBITDA guidance of AUD 280 to 300 million reiterated. In fact, we continue to believe there is scope on the cost-front for guidance to be exceeded and maintain our AUD 309 million EBITDA forecast for the year. Granted, the flat year-on-year TV advertising revenue achieved in the September quarter slowed from the 1% growth pace back in late August. However, that minor slippage is hardly cause for great concern...
An investment in Nine Entertainment requires weighing the strong positioning of its Nine Network division in Australian free-to-air television against the structural challenges facing the industry from proliferating competition for viewers and advertising dollars. We see competitive intensity continuing, preventing any sustained improvement in Nine Network's margins. The same can be said for the digital division, which operates in the equally competitive digital advertising space. However, Nine ...
Nine Entertainment's recent trading update was uneventful, with fiscal 2019 normalised EBITDA guidance of AUD 280 to 300 million reiterated. In fact, we continue to believe there is scope on the cost-front for guidance to be exceeded and maintain our AUD 309 million EBITDA forecast for the year. Granted, the flat year-on-year TV advertising revenue achieved in the September quarter slowed from the 1% growth pace back in late August. However, that minor slippage is hardly cause for great concern....
We lift our fair value estimate on Nine Entertainment by 13% to AUD 1.70 per share. While the stellar 25% jump in fiscal 2018 underlying EBITDA to AUD 257 million was in line with our expectations, we were impressed with the quality of the result. The 2% beat relative to our forecast on TV EBITDA (up 27% to AUD 238 million, over 90% of group total) was particularly notable, leading to TV EBITDA margin of 20.7%, from 17.4% a year ago. The performance highlights the sheer operating leverage in Nin...
Giving Back Reporting Season Gains. Hitting Valuation Ceilings. Financials Under Pressure. The sell-off caused declines in short-positioning. Underperformance provides a little more valuation support. Domestic Economy Tracking In-Line with Our Expectations.
We lift our fair value estimate on Nine Entertainment by 13% to AUD 1.70 per share. While the stellar 25% jump in fiscal 2018 underlying EBITDA to AUD 257 million was in line with our expectations, we were impressed with the quality of the result. The 2% beat relative to our forecast on TV EBITDA (up 27% to AUD 238 million, over 90% of group total) was particularly notable, leading to TV EBITDA margin of 20.7%, from 17.4% a year ago. The performance highlights the sheer operating leverage in Nin...
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