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0.00% 68.0¢ arn media limited

Ann: ARN Media acquires equity interest in Southern Cross Media, page-11

  1. Auship
    16 Posts.
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    22/06/23
    03:26
    Post #: 68409445
    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.
    A1N Price at posting: $1.02 Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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