A director at Nine Entertainment Co Holdings Ltd bought 40,100 shares at 1.253AUD and the significance rating of the trade was 69/100. 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 over the la...
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...
Twenty-First Century Fox completed the distribution of all shares of Fox Corp. (tickers FOXA and FOX) to 21CF shareholders on March 19. The assets remaining at 21CF will trade under the TFCFA and TFCF tickers until the acquisition of the firm by Walt Disney on March 20. As a result, we are removing our fair value estimate for 21CF as the company will shortly cease to exist.
The upcoming situation will see the mega-merger of Twenty-First Century Fox, Inc.'s (FOXA) entertainment assets with The Walt Disney Co. (DIS), resulting in a powerhouse of content creation and distribution. Alongside this, and prompted by a bevy of international regulatory conditions, FOXA must Spinoff its Sports & News segment into Fox Corp. (FOX), which we believe is a takeover target in the long-term for any larger media company looking for more broadcasting exposure. The Major Post-Situati...
The general evaluation of 21ST.CENTURY FOX INCO. (US), a company active in the Broadcasting & Entertainment industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date March 12, 2019, the closing price ...
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...
Fox posted a strong fiscal 2019 second quarter as revenue was in line with the Street projection and EBITDA came above the consensus estimate. While the results were once again positive, this may the last quarter for the combined firm. The soon-to-be-spun-off New Fox Corp. represents a minority piece of this quarter’s revenue and earnings, but the revenue growth at the broadcast network and Fox News is a positive sign for the successor firm. We are maintaining our wide moat rating but are rais...
Since we believe that the deal to sell many of Fox’s assets to Disney will be completed, our investment thesis will focus on the successor firm, New Fox Co. Other sections, including moat rating and valuation, will be based on the current firm.After completing the sale to Disney, the Murdoch clan will be overseeing a much smaller media firm, albeit one that still owns some major brands. New Fox will consist of the Fox network, 28 local TV stations, Fox News Group, and Fox Sports. The new firm ...
Fox posted a strong fiscal 2019 second quarter as revenue was in line with the Street projection and EBITDA came above the consensus estimate. While the results were once again positive, this may the last quarter for the combined firm. The soon-to-be-spun-off New Fox Corp. represents a minority piece of this quarter’s revenue and earnings, but the revenue growth at the broadcast network and Fox News is a positive sign for the successor firm. We are maintaining our wide moat rating but are rais...
The constantly evolving media ecosystem has put tremendous pressure on the traditional pay-television bundle model as people find new ways to consume content. Three years ago, we offered the view that the traditional pay-television bundle was broken but not dead. Since then, there have been a number of new entrants that use the Internet to distribute pay television, so-called over-the-top services. However, the pace of change within the pay-television delivery marketplace remains frustratingly s...
Summary Marketline's The McClatchy Company 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 The McClatchy Company since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the or...
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...
The constantly evolving media ecosystem has put tremendous pressure on the traditional pay-television bundle model as people find new ways to consume content. Three years ago, we offered the view that the traditional pay-television bundle was broken but not dead. Since then, there have been a number of new entrants that use the Internet to distribute pay television, so-called over-the-top services. However, the pace of change within the pay-television delivery marketplace remains frustratingly s...
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