The $38.3m RAID, was opportunistic in acquiring the maximum 14.8% position currently allowed!
It's better to pay a fair price for a good business than a great price for a poor business.
Buying $38.3m [SXL] = good business.
Selling [OML] $49m = great price!
Management has been achieving for us the best of both worlds!
Also, TV can really bolster radio earrings power; particularly the regional network through cross-promotion. So I would expect some good growth in regional radio as a result.
Ann: ARN Media acquires equity interest in Southern Cross Media, page-11
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Last
60.5¢ |
Change
-0.010(1.63%) |
Mkt cap ! $189.3M | |||
| Open | High | Low | Value | Volume |
| 62.5¢ | 62.5¢ | 60.0¢ | $26.68K | 44.44K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5410 | 60.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 62.0¢ | 2000 | 1 |
View Market Depth
| Last trade - 15.16pm 23/08/2024 (20 minute delay) ? |
| A1N (ASX) Chart |