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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I agree for the most part. Buying more assets doesn't equal to a...
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Last
50.0¢ |
Change
-0.005(0.99%) |
Mkt cap ! $119.9M |
Open | High | Low | Value | Volume |
50.5¢ | 52.0¢ | 50.0¢ | $635.3K | 1.245M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 9680 | 50.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
52.5¢ | 175497 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 3680 | 0.500 |
1 | 25 | 0.490 |
1 | 15888 | 0.480 |
1 | 30000 | 0.470 |
3 | 37100 | 0.465 |
Price($) | Vol. | No. |
---|---|---|
0.525 | 11400 | 2 |
0.535 | 26902 | 3 |
0.540 | 3458 | 2 |
0.550 | 707 | 2 |
0.570 | 4100 | 1 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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