SWM seven west media limited

Morningstar changed its mind!!, page-5

  1. 73 Posts.
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    The company at the AGM in November last year was already seeing 1H21 earnings growth in TV with lower revenues "more than offset" by lower costs- this was ignored by most analysts probably because the market cap was too small and models had not been updated.

    Still seems to be a bit of caution around 2H21 earnings as costs will be higher but this ignores the very easy comps in the June quarter where revenue collapsed 30% to 40% last year.
 
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