As you say, I think the fall back in SXL share price is due to people realising that the A1N stake is more likely a blocking stake in SXL than a first step in a takeover.
How exactly is this in A1N shareholders' interests one might reasonably ask?
One reason I mostly avoid the whole media sector despite some fundamentals periodically looking ok. Whether it's TV or Radio it's more often about influence peddling and egos than shareholder returns.
Ann: ARN Media acquires equity interest in Southern Cross Media, page-25
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Last
72.5¢ |
Change
0.005(0.69%) |
Mkt cap ! $226.9M | |||
| Open | High | Low | Value | Volume |
| 72.0¢ | 73.5¢ | 68.5¢ | $201.9K | 278.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8996 | 70.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 75.0¢ | 9732 | 1 |
View Market Depth
| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| A1N (ASX) Chart |