fxj makes a big blunder-no fuel left in tank, page-3

Got a small parcel.

If there is still 16% you have to wonder when they have to buy it back.

Forward looking Underlying Profit (Back of envelope):

$300m (EBIT) - $20m (interest) - $84m (Tax) = ~$200 Net Profit.

Assume 60% payout ration: $1,200,000,000m / 2,352,000,000 (Shares) = 5cents fully franked. That's almost 14% yield. If we go with 3cents Fully franked it's still over 8%.

It really comes down to how we see media in the future, imo they are on the right track closing down prints. SMH and AGE have massive followings, just need to find a way to profit from it.