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
0.000(0.00%) |
Mkt cap ! $139.1M |
Open | High | Low | Value | Volume |
58.5¢ | 58.5¢ | 57.5¢ | $285.4K | 492.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 48371 | 58.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
58.5¢ | 5686 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 48798 | 0.580 |
8 | 155085 | 0.575 |
7 | 76216 | 0.570 |
3 | 7220 | 0.565 |
2 | 4450 | 0.560 |
Price($) | Vol. | No. |
---|---|---|
0.585 | 5249 | 9 |
0.590 | 740 | 1 |
0.595 | 4000 | 2 |
0.605 | 1075 | 1 |
0.610 | 400 | 1 |
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