Nonic,
The Operating income performace for the 6 months to 31 Dec was good, up to US$2,465M from US$1,995M.
Bottom line effected by reduction in:
- Affiliates - down to $196M from $492; and
- Other, net - down to $187M from $446M
The decrease in affiliates is explained by :
"Second quarter net losses from affiliates were $50 million versus net earnings of $249 million in the same period a year ago. The $299 million decrease was primarily driven by lower contributions from BSkyB due to the write-down of its ITV investment."
This is probably a one off. Similiarly, the credit for other net in the prior year appears to have been a one-off credit. Consequently comparisons at the bottom line appear to be distorting the very healthy operation growth picture.
Macquarie Equities have forecast NWS earnings as:
2008 - 125.4
2009 - 153.5
2010 - 166.0
With a 12 month price target of A$33.43
Regards
SP
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$42.82 |
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0.270(0.63%) |
Mkt cap ! $1.203B |
Open | High | Low | Value | Volume |
$42.85 | $43.00 | $42.70 | $2.917M | 68.36K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 40 | $42.75 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$43.03 | 40 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 40 | 42.750 |
3 | 31 | 42.650 |
1 | 464 | 42.610 |
1 | 23 | 42.010 |
3 | 88 | 40.500 |
Price($) | Vol. | No. |
---|---|---|
43.030 | 40 | 2 |
43.040 | 3400 | 1 |
43.200 | 500 | 1 |
43.500 | 28 | 1 |
44.120 | 750 | 1 |
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