Well..either way..NEC consolidates 100% of Domain results.. both companies drinking from Australian economy pub..but different drinks..
Media company like Nec, SWm has more diversified b2b customers..big retails, airlines, food, supplies..since broader customer base is performing OK then concern over revenue is overblown...James W. seems to hint at that too...
one interesting think to bear in mind...may be 7th grade match puzzle...
1. SWM started consolidate PRT from Jan 2022... 2. Prt has Revenue 190mln and Cost 120..give or take.. 3. SWM gave guidance on FY cost 1.2bln 4. First half 6% to 8% revenue decline for Media vs prior year..but last year we did not consolidate Prime.. so, I am puzzled by this ..should we add part of PRT results ?? 5. Even if we say 1h 830mln less 7% plus 90mln from Prime plus 2h revenue min 750 ( as general economy adjusts ) we will have revenue over 1.6bln 6. Less 1.2bln Cost gives us ebita range 350 to 400mln
SWM Price at posting:
44.5¢ Sentiment: Buy Disclosure: Held
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