SWM 3.03% 17.0¢ seven west media limited

share price going down again,,, page-10

  1. 5,017 Posts.
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    other points...

    1) The directors updated full year Earnings Before Interest and Taxes (EBIT) to be in the range of $460m to $470m. Considering the company made $309m in the first six months to December 2012, the company is forecasting to make just $150m to $160m in the second half. That’s a 50 per cent fall in EBIT.

    2) television programming cost's significently up with AFL contract ( up $100m or 8.3%)

    3) Rise of portable media devices, with smart phones and iPads now better equipped to view high quality video and TV.....people being able to watch say AFL on optus phones for eg...

    4) more advertisers moving to where consumers will view their ads (online platforms...)

    5) loads of debt backed up by intangible assets, consisting mainly of free-to-air TV licences

    essentially a cylical play.....will do very well when things rebound....but may stagger sideways till things rebound in my view...
 
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