Not a good outlook, and confidence is falling.
SXL is not looking good for 2024...
https://www.copyright link/companies/media-and-marketing/major-retailers-threaten-to-siphon-away-1-1b-in-advertising-spend-20231205-p5ep9t
The country’s largest media groups will lose $550 million by 2025 – and $1.1 billion by 2027 – in advertising spending to retailers such as Woolworths, Coles and Amazon as the retailers accelerate their growth in the lucrative sector, Morgan Stanley warns.
The investment bank’s brokers have downgraded their valuation of the five largest ASX-listed media stocks – ARN Media, Southern Cross Media, Seven West Media, oOh!media and Nine Entertainment – due to the “not well-understood” threat of retail media.
Has The Share Price Bottomed Out, page-15
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Last
52.0¢ |
Change
0.030(6.12%) |
Mkt cap ! $124.7M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 52.0¢ | 48.3¢ | $123.8K | 251.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7450 | 48.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 52.0¢ | 23287 | 3 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| SXL (ASX) Chart |