SXL 2.11% 46.5¢ southern cross media group limited

They are predominantly reliant on radio advertising which is in...

  1. 30 Posts.
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    They are predominantly reliant on radio advertising which is in serious decline. They haven't been able to transition revenue over to the digital market. Their ListNr app is not performing and they are trying to get costs under control which means you are culling heads and some of those heads are responsible for implementing strategy which means chaos unless it's well managed. I don't think they have the good leadership to manage it well. They are paying great dividends for a company that has declined in value so dramatically so everyone jumps on the bandwagon for the dividend and then looks to bail as it goes south. I think it's passed the point of no return and it's probably time to start pulling it apart.
 
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