This is been ludicrous for too long, we are at 24c and constantly at a snails pace retracing after a short burst.
Npat to be around 20m, which works out to be 5.5c a share, minimum for a regional broadcaster you would expect a p/e of 6-7 which would put the current sp at 36c.
Plus there is 16.5c a share in franking credits which could be getting declared after news from this weekend comes out. Even at minimum value it should be holding in the 40-50c range.
Regional markets showing some stability plus online marketing for large companies showing signs of moving back to traditional media, media mergers on the cards for bigger players, still a viable business. What has to happen for this company to finally get some recognition for its qualities?
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