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Business Description: Southern Cross Media Group Limited (SXL) is a media provider which owns and engages in the broadcasting of free to air commercial TV and radio stations across Australia, advertising sales on TV and radio and management of online radio content.
Strategy Analysis: SXL is focused on its core Australian television and radio broadcasting assets. Its key short-term objectives will be to ensure a smooth integration of the Austereo acquisition and the realisation of full synergy benefits. Longer term, SXL want to harness cross selling between advertising mediums and profit from a national presence.
Southern Cross Media Group reported NPAT down 52% to $45.13m for the half-year ended 31 December 2012. The decrease in NPAT has been impacted by the one-off $39.5m income tax benefit recognised in the prior half year as a result of the companies acquired in the Austereo business combination entering into the tax consolidated group of Southern Cross Media Group. Revenues from ordinary activities were $327.68m, down 10% from the same period last year. Basic and Diluted EPS was 6.4 cents compared to 13.3 cents last year. Net operating cash flow was $66.67m compared to $109.74m last year. The interim dividend declared was 4.5 cents compared with 5.0 cents last year.
The Age 19/06/2013 |
The bullish sentiments on the sharemarket earlier this year have been challenged by a correction that has taken the All Ordinaries Index down about 10 per cent from its May highs. Many investors are now asking how deep the current correction is likely to be.
The Age 19/06/2013 |
Done well, value investing is a successful, safe way to invest. The logic of the approach - buying an asset for less than its underlying value - is irrefutable.
The Age 19/06/2013 |
Snowballing debts and no means to repay them ... going bankrupt is the last-ditch option for those in a financial hole too deep to climb out from.
The Age 19/06/2013 |
One of the weapons an individual has over institutions is time, and with real value emerging at the micro-cap end of the market, smaller stocks are an area worth holding on to.
The Age 19/06/2013 |
Spending 10 days in Japan gives one a good overview of what they call "Abenomics" and its impact, and that includes also being here for one of the biggest drops on the Japanese market in weeks.
The Age 19/06/2013 |
Lend Lease has moved to allay investors' concerns with the issue of a formal profit guidance of between $540 million and $550 million for the full year, despite the weakness in the construction sector.
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