The Hunted Remains the Hunter as APN Outdoor Shells Out AUD 540 Million

OOhmedia Shells Out Even More as Adshel's Strategic Importance Rises On French Connection

A Swift French Invasion as APN Outdoor Falls for AUD 6.70 Per Share

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Event-Driven

We are bemused by <a href="https://www.smartkarma.com/entities/8662" target="_blank" data-smartkarma-citation="entities:8662:1">oOh!Media Ltd (OML AU)</a> and <a href="https://www.smartkarma.com/entities/5549" target="_blank" data-smartkarma-citation="entities:5549:1">APN Outdoor Group Ltd (APO AU)</a>'s sudden interest in <a href="https://www.smartkarma.com/entities/709" target="_blank" data-smartkarma-citation="entities:709:1">HT&amp;E Ltd (HT1 AU)</a>'s Adshel street furniture asset.The indicative AUD 500 million price equates to 2017 trailing EBITDA multiple of 9.7. However, this rises to 13.2 if the AUD 15 million annualised EBITDA from the recently-lost Yarra Trams concession is factored in.This is hardly cheap when compared with Adshel’s recent margin performance (EBITDA margin of 25.1% in 2014 dropping to 23.3% in 2017). The…

We are bemused by oOh!Media Ltd (OML AU) and APN Outdoor Group Ltd (APO AU)'s sudden interest in HT&amp;E Ltd (HT1 AU)'s Adshel street furniture asset.The indicative AUD 500 million price equates to 2017 trailing EBITDA multiple of 9.7. However, this rises to 13.2 if the AUD 15 million annualised EBITDA from the recently-lost Yarra Trams concession is factored in.This is hardly cheap when compared with Adshel’s recent margin performance (EBITDA margin of 25.1% in 2014 dropping to 23.3% in 2017). The…

APN and OOhmedia Suffering FOMO on Adshel?

ARN Media

APN and OOhmedia Suffering FOMO on Adshel?