It's only speculation, but there's also the spectre of Kerry Stokes hovering ominously over everything at Southern Cross and ARN.
Kerry's FTA TV 'assets' are a dead platform walking and he may see radio & streaming as a way to augment his media interests.
SXL and ARN shareholders may be in for a big surprise if the MC in both companies continues to fall. Not saying Kerry would, or even could, sweep up both companies, but picking up a controlling interest in either network would be a feather in his cap and cause significant problems for the remaining network and it's shareholders.
Kerry has already made a raid on ARN and is one of their biggest shareholders, so logically, that would be the network of choice for a SGH/SWM takeover bid.
One thing is for sure - The uncertainty is not helping the MC of either company!
They need to get their $hit together and find a resolution asap!!
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Last
50.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $119.9M |
Open | High | Low | Value | Volume |
51.0¢ | 52.0¢ | 49.0¢ | $366.1K | 733.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 34428 | 49.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
52.0¢ | 7765 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 34428 | 0.490 |
2 | 49000 | 0.485 |
5 | 74233 | 0.480 |
2 | 27168 | 0.475 |
1 | 1395 | 0.470 |
Price($) | Vol. | No. |
---|---|---|
0.520 | 7765 | 2 |
0.525 | 49355 | 1 |
0.530 | 95710 | 2 |
0.535 | 9981 | 1 |
0.540 | 5017 | 2 |
Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
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