SXL 0.00% 61.5¢ southern cross media group limited

The sort of people who think a stock with a 42wk low of $1.05,...

  1. 997 Posts.
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    The sort of people who think a stock with a 42wk low of $1.05, tanked to $0.09?
    Clearly they read the charts upside down biggrin.png

    Unfortunately with most stock threads, you really are sifting through a lot of cr@p to find the pearls of wisdom!

    I have no real pearls for this stock unfortunately,
    but the way i see it, the Television broadcasting only contributed 23% of the total profit.

    Losing their Television income completely, would put them at around 50% down FY20 vs FY19.
    Share price at 30th June 2019 was around $12.50.

    50% down is still $6.25. 300% up from current levels? i dont see that occurring anytime soon, but a price of $2 still screams ridiculously undervalued.

    Also noting that their half yearly showed NPAT of 32mil compared to their FY20 NPAT of 25mil show show well they have bounced back from COVID, notwithstanding that part of the 32mil would have come from the Television side of things.

 
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