A fantastic announcement and one that puts NEC far above any other media stock in the ASX or perhaps even globally perhaps on a par with ITV but far above Paramount Global, News Corporation, Disney Corporation, Warner Bros Discovery and Comcast in terms of earnings, future prospects, growth strategy and value.
NEC should be much higher than here but is weighed down by the burden of being only listed on the ASX and having competitors as bad as the ill fated and almost insolvent Seven West Media, Paramount Global in Channel Ten, and the wasteful and poorly watched ALP Government controlled Junk media operators of ABC and SBS.
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(20min delay)