BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET Macquarie
11/05/2020
3
Resumption of coverage with Outperform
$0.18
12.50%
- COMMENTARY
The broker has returned from restriction, post capital raising, with an Outperform rating on Southern Cross Media (previously Neutral) and an 18c target (70c).
The raising has de-risked the balance sheet, and operational initiatives and Job Keeper will materially mitigate near-term revenue headwinds, the broker suggests.
The broker is forecasting -35% and -79% falls in earnings in FY20-21. From this re-base, the valuation is seen as attractive given operating leverage to a normalisation of ad markets.
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Last
58.0¢ |
Change
-0.015(2.52%) |
Mkt cap ! $139.1M |
Open | High | Low | Value | Volume |
59.5¢ | 60.0¢ | 58.0¢ | $284.6K | 482.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 66074 | 58.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
59.5¢ | 31960 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 66074 | 0.580 |
1 | 85000 | 0.575 |
2 | 22500 | 0.570 |
1 | 2000 | 0.565 |
6 | 53954 | 0.550 |
Price($) | Vol. | No. |
---|---|---|
0.595 | 31960 | 1 |
0.615 | 1620 | 1 |
0.620 | 5546 | 2 |
0.630 | 32500 | 2 |
0.635 | 1550 | 1 |
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