Premature Exhilaration in Free-To-Air TV?
The air of invincibility surrounding the technology sector is dissipating. It began a year ago when some major brand advertisements on Alphabet Inc...
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Will 2017 Media Reform Lead to Another 'Urge-To-Merge' Frenzy?
We retain our fair value estimates for Fairfax Media Ltd (FXJ AU), Nine Entertainment Co Holdings Ltd (NEC AU), News Corp Class B (NWS US), Seven...
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Southern Cross Media Still Suffering Breakfast Indigestion
The AUD 11.8 million licence fee relief is exactly that for no-moat-rated Southern Cross Media. It is likely to provide a 7.1% boost to group...
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Last Week, in Event SPACE (4 June 2017)
In this note, AMMB Holdings Bhd (AMM MK) / RHB Bank Bhd (RHBBANK MK) rekindle a failed engagement; Start Today Co Ltd (3092 JP)’s Maezawa pledges a...
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Hunter May Become the Hunted as Southern Cross Shares Drift Below Our Intrinsic Assessment
The recent 8% downgrade to fiscal 2017 EBITDA guidance has dragged shares in no-moat-rated Southern Cross Media to 6% below our unchanged AUD 1.20...
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