The other thing is that APO has just released an upgraded profit notice which augurs well for the outdoor advertising market that OML is in - so, I guess it's rubbing off on OML which is neck and neck with APO in that market. Here's the relevant section of the APO profit guidance statement:
"ASX Announcement 29 October 2015
Trading Update:
APN Outdoor Group Limited (ASX: APO) provided updated guidance to the market on 24 August 2015 as part of our half year results announcement. Since that time the Australian Outdoor market has continued to grow solidly and above expectation.
As a result of our current view of H2 market conditions, APO has revised its pro forma EBITDA forecast for the year ending 31 December 2015 to between $68m and $69.5m against the Prospectus forecast of $53.7m. This result reflects an increase on the previous corresponding period of just over 50%. "
So ... good things ahead also for OML it would seem.
AFR Stock picks 2015, page-21
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