In today’s briefing:
- Southern Cross/ARN Media: Getting Cosy?
- Pureprofile Ltd – Margin Expansion Delivered in Q1, Ahead of Forecast
Southern Cross/ARN Media: Getting Cosy?
- Back on the 18 October, media play Southern Cross Media (SXL AU) announced a non-binding indicative proposal from ARN Media (A1N AU) and Anchorage.
- SXL shareholders are being offered, by way of a Scheme, 0.83 ARN shares and A$0.296/share in cash. SXL considers the terms to be “complex, and highly conditional”.
- Reportedly SXL has now signed a confidentiality agreement to gather more info on ARN, possibly leading to a firm deal.
Pureprofile Ltd – Margin Expansion Delivered in Q1, Ahead of Forecast
- Pureprofile Ltd (ASX:PPL) is a data analytics, consumer insights and media company underpinned by proprietary technology, servicing business decision makers in brands and media companies as well as market researchers.
- Pureprofile has reported a 16% lift in revenue from continuing businesses for Q1 FY24 to $12.3m and a 36% jump in underlying EBITDA excluding discontinued businesses to $1.5m.
- The EBITDA margin increased to 12% in Q1 FY24 compared with a 10% margin in the same quarter a year ago.
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