1.7 bravo currently rating is around or less 1%, lower than...

1.7 bravo currently rating is around or less 1%, lower than their expectations, 2% as I remembered,did management ever mention that on their presentation? FY 2024, seven project cost is 1.26 to 1.27 billion, 50 million higher than last year( you can check by yourself)40 millions set up cost you mentioned seem not be saved.
2. in a inflation environment, they not able to increase similar prices to catch inflation, (say 5%),seven have no power pricing, it just a very ordinary player in market . your local coffee shop even can increase 50c for a medium latte.
3. as they always said digital now represent 40-50% EBIT, I check figure, revenue only 179 million, just increased 1% compare FY 2022, still less 15% of total revenue, how can it. represent more than 50% EBITDA or EBIT, oh , look at expenses only 40 millions, To me it may just a game allocation of expenses, put cost of contents which is largest part in traditional tv as contents is shared, allocate direct cost like labor , software etc in digital category , that is how 50% EBIT achieved ( my guess), see attachment.
I agree some your point, but it's future may not so optimism as you thought, generate free cash flow is big problem according previous 6 years experience. net debt down in last 6 years( from above 600 millions to 300 millions) which is quite good, but it large rely on sale of asset, sell yahoo, pacific magazine, property of west newspaper, sale of seven studio? (not so sure on seven studio) , not self generated cash flow. did management mention that?my answer is no. (not careful check figure, base on my rough memory), I just realized that when I found only 9 millions positive net cashflow for FY 2022, 2023.(350 millions reported profit!!!)
overall I think current market is bitter overdone, but at around 40-50 cents seven is fair valued, not much undervalued as I previously judged. I will still hold ,but not so confident as before. hope seven will achieved the points you mentioned,we will all benefit from this.