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Business Description: APN News and Media Limited (APN) has a portfolio of media assets in Australia and New Zealand. APN is a newspaper publisher in New Zealand, including the New Zealand Herald and a range of regional newspapers. It is also a publisher of regional newspapers in Queensland. APN has an outdoor advertising operation in Australia and New Zealand and has JV outdoor businesses in Australia, Hong Kong, Indonesia. It has a position in the radio market, with The Radio Network in New Zealand and the Australian Radio Network, both joint ventures.
Strategy Analysis: APN have diversified media operations spanning publishing, radio, online and outdoor advertising. This provides cross selling opportunities and reduces reliance on any one market. In Australian regional publishing, APN management believes the business is well positioned in high-growth regional centres stretching from northern New South Wales to Mackay. Management aims to capitalise on its strong market position in NZ and Australian regional markets by providing regional news online under various mastheads. Outdoor has benefited from structural changes in its markets, including a growing sophistication in the product forms and in client measurement and expectations. More recently, APN has diversified into digital. Management view digital as a game changer, with growth potential in Grabone, brandsExclusive, Sella, jimungo and CC Media.
APN reported a net loss of $455.8m for the year ended 31 December 2012. Revenues from ordinary activities were $928.6m, down 13% from last year. Basic and Diluted EPS was (70.4) cents compared to (7.3) cents last year. Net operating cash flow was $87.27m compared to $123.06m last year. No final dividend was declared, taking the full year dividend to 1.5 cents compared with 8.5 cents last year.
Nick Swales, Regional Director, Newcastle Office, Rathbones 27/10/2014 |
â€śIf you want to have a better performance than the crowd, you must do things differently from the crowd.â€ť Sir John Templeton.
Ric Spooner (Chief Market Analyst, CMC Markets) 20/10/2014 |
Today, Australian investors will not have to go it alone buying stocks as they did for much of last week. Bargain hunters this morning will be supported by the morale boosting encouragement of a 3% turnaround in the German Dax and a 264 point rally in the Dow Jones.
Carl Richards, director of investor education at the BAM Alliance 17/10/2014 |
â€śAs odd as it may sound, the sooner you start treating your investments like you treat life, the happier youâ€™ll be with the outcome.â€ť
William H. Gross, Janus Capital Group 16/10/2014 |
â€śFinancial markets are artificially priced. In the bond market, there is nothing normal about a three year German Bund yielding â€śminusâ€ť 10 basis points.â€ť
CMC Markets 8/10/2014 |
Share market indices around the globe are breaking down. While analysts cast around for reasons, itâ€™s clear that a time factor is in play. Simply put, many investors â€śfeelâ€ť a correction is overdue. How low could it go?
IMPORTANT: This information has been prepared without taking into account your objectives, financial situation or needs and you should consider if the information is appropriate for you before making an investment decision. Neither InvestSMART Financial Services Pty Ltd nor any of its Related Companies make any recommendations as to the merits of any investment opportunity referred to in its emails or its related websites. Product disclosure statements for financial products offered through InvestSMART can be downloaded from this website or obtained by contacting 1300 880 160. You should consider the product disclosure statement before making a decision about the product. All indications of performance returns are historical and can not be relied upon as an indicator for future performance.