I agree for the most part. Buying more assets doesn't equal to a higher market value, clearly, as HT&E bought Grant Broadcasters in Nov-2021 for $307m. The share price has since more than halved (as has SXL, who did not spend $307m on buying assets).
I do believe however, that it's possible for SCA to turn the ship. No doubt they've committed an excessive headcount to build their listnr product and advertising clientbase. They need a haircut (a big one) to push revenue into the strong green profit territory.
Edit: If they really wanted listnr to work and to compete with international media, it's in the best interest of all main commercial networks (ARN, SCA, Nine, Nova) to collaborate. A joint venture for digital audio is a good idea IMO.
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Last
61.5¢ |
Change
0.005(0.82%) |
Mkt cap ! $147.5M |
Open | High | Low | Value | Volume |
61.0¢ | 62.0¢ | 61.0¢ | $338.5K | 554.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 45604 | 61.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
61.5¢ | 27016 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 45604 | 0.610 |
1 | 42251 | 0.605 |
9 | 137983 | 0.600 |
5 | 69389 | 0.590 |
2 | 36709 | 0.585 |
Price($) | Vol. | No. |
---|---|---|
0.615 | 27016 | 1 |
0.620 | 5546 | 2 |
0.630 | 2500 | 1 |
0.640 | 51 | 1 |
0.660 | 3240 | 1 |
Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
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SXL (ASX) Chart |