Apologies if this has already been discussed. SXL owns 96 radio stations, what are the licenses alone worth?
DMG paid $106m in Syd and $52m in melb in 2004 for the last fm licenses in those cities.
Hot Tomato on the Sunshine Coast sold for $30m in 2018.
2CH in Sydney sold for $5.6m in 2017 on $2m per year revenue.
The current market cap is $422m. Using revenue alone to value, I am over $500m after looking at 20 stations alone and there are 76 to go......applied conservative reductions in revenue since 17/18 in contracting industry but still looks amazing value even considering the debt and that they were performing well below industry peers pre Covid and were heading for a much needed management change, before a Pandemic gave management a nice excuse to live another day.
I'm in pretty solidly at 11c (enough to post my first post) based on these crude sums......really interested in the pro's thoughts.
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Last
46.0¢ |
Change
-0.015(3.16%) |
Mkt cap ! $110.3M |
Open | High | Low | Value | Volume |
47.0¢ | 47.0¢ | 45.5¢ | $355.6K | 771.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2168 | 46.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
47.0¢ | 27145 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2168 | 0.460 |
5 | 44732 | 0.455 |
11 | 111552 | 0.450 |
4 | 85225 | 0.445 |
6 | 36946 | 0.440 |
Price($) | Vol. | No. |
---|---|---|
0.470 | 27145 | 4 |
0.475 | 43005 | 4 |
0.480 | 42423 | 3 |
0.485 | 51903 | 2 |
0.490 | 10931 | 4 |
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