TEN ten network holdings limited
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we upgrade to st and lt neutral.

  1. colourofmoney
    1,368 Posts.
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    26/09/09
    10:33
    Post #: 5698002
    Canwest is selling its entire 50.1% stake in TEN to institutions, exposing the stock to potential corporate activity. TEN has also confirmed FY09 EBITDA of $151M, 3% above our forecast. The advertising market remains difficult, but fundamentals are picking up according to the Exec.

    Chairman. We have increased earnings forecasts and our 12 mth target price rises by 29%. TEN's ratings are improving and the Aug-09 capital raising has strengthened its balance sheet. We upgrade to ST and LT NEUTRAL.

    Aegis Daily Research Update - 25 September 2009
    TEN Price at posting: $1.31 Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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