Ex 3.0 cps Div today & SP still rose to 1.01 .. must still be an appetite for the Daily Rag Publisher out there ;)
Printable View
Ex 3.0 cps Div today & SP still rose to 1.01 .. must still be an appetite for the Daily Rag Publisher out there ;)
5 bagger here , still not a sell in my charts although its at its previous multi year highs now so will see how it goes. hopefully power thru . weekly bollingers have 1.10 possible short term. still think the herald sucks
A buck must be cheap buying for a media stock back spitting out respectable divies again - surely, compared
with other lesser & hopeful inhabitants of the NZX lists ? ;)
stellar div stock wont be many selling who brought under 50c let alone near the lows. say 5c div full year at 30c entry price for example is a 16% div yield your getting even at 50c entry thats 10% at a $! that 5% still not shabby. who would have thought lol from crap herald.
Glowing Summary imo
Company A: we have become the largest shareholder in a new company at a valuation of approximately 2x
EV/EBITDA and 1.25x market cap/EBITDA. We believe fair value is approximately 3‐4x the current share price.
Within 12‐15 months we think the company could be fully debt‐free. The company is guiding to growing ’21
EBITDA off a growing ’20 estimate. If this happens, the EV/EBTIDA multiple would be approximately 1.5x or less.
Company A is by far the #1 player in its market with a well‐established set of brands. The company also has a
businesssegment that may generate significant value through a digital transformation. This business scores highly
on CEO leadership, board accountability, and pay for performance. The company is achieving far above average
results relative to its peer group. A Sell‐side analyst has the company generating 15% ROE over the next several
years. The business has between 40‐50% market share in its two primary business segments. The business has
Very large volumes have gone through the last couple of days. Look forward to the disclosure release on who sold and who Brought
Isn't there some sort of Shareholding restriction with NZME - as part of the Radio network ownership ?
From memory I think there was in past something, but whether there is still ?
https://www.nzx.com/announcements/381502
"GrabSome" Finance confirmation ;)
think nztx we are the only 2 who liked this stock anyway over 1.30 now ... amazing
Still waiting for the market to buy the SKT turnaround...
Then we merge?
I bought some about 3 years ago thinking the sentiment was overly pessimistic relative to the business fundamentals. This did not look like a smart move for the next 2 years, but I see they have come around. Not looking at the share price every second day has done wonders for my mental state, I have avoided the anguish of feeling like a dumbass every time I checked in...
A sound strategy.
You don't check the value of your home every second day. You wouldn't get a valutation done on a privately owned business every week.
So why should you worry about the daily quotations of your stock?
Even better if you check the price infrequently. In case knowing the day by day value compels you to do something you later regret.
Have to be happy with the share price now.
And a buy back coming in Feb to commence. So in reality a stable share price and it should climb well next year. Shame I didn't have it in my picks at the beginning of the year
Sky likely to do a larger buyback next year around the same time.
Hopefully Sky can build up to a similar PE multiple to NZME soon too. So far the SP seems to be tracking to a similar pattern to NZME once a future dividend was starting to look likely.
Slow and steady increases over time…2022 should be a good year with plenty more upside.
Getting another bite of the pie.
Someone's not buying and someone's still selling. But the share buyback commences
In Feb after their results. Maybe they should start now since the price is depressed and I still think the next results will be good. So why not buy while you can buy cheaper shares.
OK what's going on. Look at the buying depth. No one want to buy and not many want to sell. Quite a difference in buy sell.
This could go either way and at the moment it's down
A satisfactory result from NZME. The turnaround from 2 years ago has been impressive. My only regret was not buying at 25cents lol.
Nice climb today. The share buy back begins Wonder if they started today
Went to 18 cents ish I think. How in the world were the brands of radio network and nz herald (formerly Wilson Horton) were so underrated. Rumours of collapse? Yes I am pleased to have bought heaps then but not pleased that I had to sell out at lower price than today
Gaynor sort of says inevitiable NZM will be taken over
https://businessdesk.co.nz/article/a...ween-the-lines
wow maybe headed for a 10 bagger soon lol who would have thought sh..t herald be one of the best stocks from covid lows and provide a double digit div returns
https://www.nzx.com/announcements/389459
just out of curiosity, does anyone know why I got 4.65 cent dividend per share, instead of 5 cent per share as has been announced? thanks
NZME shares doing well. Current buyback program ticking along and should maintain some upward pressure.
NZME shares make for excellent currency if NZME are planning to make a major acquisition in light of the TVNZ-RNZ merger.
thanks for your explanation, Mr. Pierre :)
5c Fully Imputed Special Div almost on the way to the bank
Forwards Guidance affirmed - with presumably 5c Int & 5c Final forwards assuming nothing adverse.. ?
Not a lot of shares on issue (193.6 m)
A Favourite with some Aussie funds who saw opportunity early on NZ's only / most well known Rag publisher
SP hardly moved post Special Div, if not looked further upwards after Div shed
What is there to not like about NZME ?
What could go wrong ? - perhaps a slowing economy may impact things ..
NZME 2022 Half Year Results - NZX, New Zealand’s Exchange
NZME Limited (NZX: NZM, ASX: NZM) (“NZME”) has today announced its financial results for the half year ended 30 June 2022, reporting Statutory Net Profit After Tax (NPAT) of $8.5 million up 37 percent on the same period in 2021.
NZME also reported Operating Earnings before Interest, Tax, Depreciation and Amortisation (EBITDA)1 of $28.1 million - up three percent on the same period in 2021.
Operating Revenue was five percent higher than the same period in 2021, with total revenue increasing across the three key strategic pillars: Audio, Publishing and OneRoof, with total digital revenue up 24 percent compared to the same period in 2021.
Michael Boggs, NZME Chief Executive Officer, says the results demonstrate NZME is delivering on its transformation objectives and continues to make excellent progress on its strategic priorities and targets.“We’ve started the year strongly with revenue and profitability above the same period last year, andadvertising revenues for the same period now at pre-Covid levels. Despite the continued challenges the recent Omicron outbreak has brought, across the business we have remained agile and we’ve adapted as needed, and I’m proud to deliver such a positive result for the first half of 2022,” he said.“NZME’s digital transformation and diversification across our platforms continues to deliver excellent results across key areas of our business, particularly in digital revenue growth,” said Boggs.
Key highlights:
• NZME reached 100,000 paid digital only subscriptions in June, with publishing subscriptions across digital and print increasing to 206,000.
• Strong growth in digital audio revenue up 56 percent in the first half of 2022 compared to the previous corresponding period.
• OneRoof achieved significant growth, including a 53 percent increase in digital revenue yearon-year, against a cooling housing market.
• NZME acquired BusinessDesk in January 2022, bolstering NZME’s reputation as the country’s pre-eminent business news provider.
• NZME celebrated its largest ever cumulative audience in July’s GfK Commercial Radio Survey, reaching more than two million people across its radio platforms2.
• NZME’s digital audio platform - iHeartRadio, reaches one million devices and 6.4 million listening hours in June 20223.
• NZME is the country’s top podcast network, representing eight out of the ten top podcasts4in New Zealand, with more than 4.5 million podcast downloads for the month of June 2022.
Capital management
NZME completed half of the planned $30 million capital return through the buyback of $5.3 million of shares, and the payment of a special dividend of 5.0 cents per share in July 2022.
MARKET ANNOUNCEMENT
NZME Chairman Barbara Chapman said: “Following the strong operating performance and capital position of the company, the NZME Board declared a fully imputed interim dividend of 3.0 cents per share. “NZME remains in a very strong capital position and will recommence the on-market buyback on 24 August 2022.
The Board remains committed to returning excess capital to shareholders and will review capital and dividend policy settings over the second half of 2022.”OutlookNZME also noted that while advertisers are exercising caution and there is some unease in the market as reported in business and consumer confidence metrics, advertising bookings for quarter three are currently tracking five percent above the previous corresponding period. “NZME is not immune to the challenging macro-economic environment in New Zealand and globally, and cost pressures across the business continue. However, we are focused on carefully managing costs to ensure current business momentum continues into the second half of 2022,” said Boggs.
NZME reconfirmed its guidance of 2022 EBITDA in the range of $67-$72 million.“I’d like to thank our our commercial partners, our valued investors and our audiences for their continued support. Thanks also to our team of 1200 at NZME for their hard work and dedication to their roles and for playing their part in serving our valued audiences, customers and our fantastic business,” said Boggs.
The full suite of 2022 Interim Results material can be found here
Mixed result today. But the dividend just got bigger.
Upper Div end of 13.0 cps + Imputation credits looking forwards doesn't look too foul on current SP
Now to encourage the vultures across the ditch back to bid things up towards the moon again :)
Interesting stuff going on the sector .. wasn't Stuff trying in to reign things in ?
NZM seem a bit braver in their view of things going forwards
On the other side - if things hit the fan badly then all in most sectors will likely get plastered
and Robbo with his mate Orr will need new heavy impact resistant grundies with extra strong
bungy cords built in :)
The real estate publication revenue should continue to do well, regardless of the economy.
Any rush of mortgagee or forced sales will still require an ad, regardless of the asking price.
Results out 22nd Feb.
Now that the govt has scrapped the tvnz rnz merger that has to be a good thing for NZME
https://www.nzx.com/announcements/407102
AUCKLAND, 22 February 2023: NZME Limited (NZX: NZM, ASX: NZM) (“NZME”) has announcedits financial results for the full year ended 31 December 2022 reporting a Statutory Net Profit AfterTax (NPAT) of $22.7 million for the year.
The company also reported Operating Earnings Before Interest, Tax, Depeciation and Amortisation(EBITDA)1 of $64.7 million – 4% higher than the comparative result for 2021, and OperatingRevenue1 growth of 7% year on year to $364.6 millionNZME is two years into its three year strategy and has delivered strong financial results, despiteanother challenging year.Key Highlights:
Operating Earnings Per Share (EPS)1 increased to 12.1 cents per share, 13% higher than 2021.
Total revenue increased across all three strategic pillars: Audio, Publishing and OneRoof, withtotal digital revenue up 16% on 2021.
Radio market revenue share2 reached 41.4% - the highest it has been since 2016.
Audio’s digital revenue overall also grew to $6.8 million from $4.5 million in 2021.
Publishing subscriptions increased to 209,0003, including 113,000 paid digital subscriptions.
OneRoof celebrated a 30% increase in digital revenue compared to 2021.
Bit surprised to pick up some more for her at $1.16.
Not a bad result. Not a outstanding result.
But a good result. Debt increased but mostly due to the share buy back, Divi increased and the three year turn around still looks on track. Well done NZME
Ubs holding went from 7.5 to 15%. When did I miss those trades go through?
This answers my question.
https://www.nzx.com/announcements/409354
Anyone got any insight into this
Thanks nztx. I think it's odd there would be a mistake of this nature. Thought at first maybe they were trying to accumulate for a possible takeover and they pushed the button too early.
Repertoire Partners increased there Holdings now 19.9%.
NZME increasing their prices by $6 a month. By those calculations if they hold subscribes that adds 8mil to there revenue a year. Revenue update soon?
https://www.nzx.com/announcements/421156
AUCKLAND, 7 November 2023: NZME Limited (NZX: NZM, ASX: NZM) (“NZME”) notes that the economic environment over the past year has been challenging.
Advertising revenue for the first half of 2023 was down 7 percent year on year. Given this, NZME provided an update in August that it expected to achieve EBITDA at the bottom of the guidance range of $59 million to $64 million for 2023.
The second half has seen improvement in business confidence, but this is not yet consistently reflected in advertising revenue results:
• Quarter 3 advertising revenue was down 2 percent year on
year
• Quarter 4 started with October advertising revenue growth
of 1 percent year on year
• November (the largest revenue month of the year) and
December are currently pacing slower, with a number of
customer campaigns being cancelled or deferred until 2024
Given the current advertising revenue volatility in the market, NZME amends its guidance for EBITDA to be between $57 million and $59 million for 2023.
NZME is continuing its transition to a digital-led business and will update its shareholders at its Investor Day on 15 November 2023.
Oooooooh Nu Strategee Thingee!
https://www.nzx.com/announcements/421661
Ha ha ..they left the Disclaimer out
So it is really a load of rubbish ..read at your peril.
Well there goes my pick of 2024
I had this in there as a easy pick but where the hell has this rise come from.
Cant complain as I'm a holder.
https://www.nzx.com/announcements/426526
: NZME Limited (NZX: NZM, ASX: NZM) has announced its financialresults for the full year ended 31 December 2023 reporting a Statutory Net Profit After Tax (NPAT)of $12.2 million for the year.
The company also reported Operating Earnings Before Interest, Tax, Depreciation and Amortisation(EBITDA)1 of $56.2 million which was 13% lower than 2022. Operating Revenue1 was $346.6 million,down 5% on the year prior.
2023 was the Company’s final year of focusing on its three-year strategic targets that it set in 2020,achieving the majority of those targets, with the financial targets being impacted by the challengingeconomic environment. In November 2023, NZME announced its refreshed strategy, with digitaltransformation targets set for 2026.
Key Highlights
• NZME engages with more than 3.5 million people across New Zealand, reaching 85% of Kiwisaged 15+2
• Radio market revenue share3reached 43.1% - the highest since measurement began in 2016.• NZME audio revenues stable, despite a 6% overall market decline in radio advertising revenue.
• Continued to grow its digital audio business, growing digital audio by 23% with podcast revenuesup 54%.
• Publishing subscriptions increased to 222,000, including 130,000 digital only subscriptions.
• The publishing digital business is profitable, including when taking into account the fullinvestment in the journalism that appears on NZME’s digital platforms, and when the storiesappear in NZME’s print publications.
• OneRoof grew its digital revenue by 5% year on year despite a 12% reduction in new residentiallistings coming to market.
• OneRoof achieved a milestone of break-even EBITDA in the second half of 2024.
Not a bad result. Still collecting 9 to 10 % a year.
You missed the "well positioned" in their outlook..lol
Outlook
Operating Environment
• There are positive signs for 2024, with January and February advertising revenues pacing ahead of last year, business and consumer confidence
on upward trends, and a recovering real estate market. However, sentiment among market commentators remains one of economic uncertainty
and there is no clear consensus on the outlook.
• We are well-positioned to deliver improved results as market conditions improve. We remain conscious of continued cost pressures across our
business and will focus on efficiency improvement opportunities.
• OneRoof has achieved digital revenue growth of over 80% across January and February 2024.
Rupert Murdoch knew how to market newspapers. Give them what they want, hence page 3 girls in The Sun with a subsequent boost in circulation.
The young do not read newspapers. Those who do are likely to be older and hold views on the conventional part of the political spectrum.
Why then is the editorial content of the New Zealand Herald full of agit-prop against the current coalition government which we can assume enjoys substantial support amongst subscribers.
Boop boop de do
Marilyn
probably positioning themselves to show how deserving they are for another payday support fund to play nicely and a free lunch ;)
Relying just the Adverts rake in and having the delivery guys on subsistence rates might be a bit too tough a form of media survival after the trick & treat hijinks of the last easy money easy go Labour mob :)
http://nzx-prod-s7fsd7f98s.s3-websit...562/415589.pdf
Wondered who bought the big parcel recently traded.
Spheria Asset Management have moved to 19.1248% up from 13.381%.
Pinnacle Investment Management Group Limited,adding to their holding.
http://nzx-prod-s7fsd7f98s.s3-websit...638/415670.pdf
Looks to me as they are there already.
Total Number of Shares:186680461 Extensive Shareholding:Yes
Shareholders in Allocation:
Allocation 1:36746005 shares (19.68%)
HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED
Level 32, 580 George Street, Sydney, Nsw, 2000 , Australia
Allocation 2:25297520 shares (13.55%)
CITICORP NOMINEES PTY LIMITED
120 Collins Street, Melbourne, Victoria, 3000 , Australia
Allocation 3:21018589 shares (11.26%)
NEW ZEALAND CENTRAL SECURITIES DEPOSITORY LIMITED
2 The Terrace, Wellington, 6011 , New Zealand
Allocation 4:12992465 shares (6.96%)
Bnp Paribas Nominees Pty Ltd
60 Castlereagh Street, Sydney, Nsw, 2000 , Australia
Allocation 5:9567081 shares (5.12%)
J P Morgan Nominees Australia Pty Limited
Level 31, 101 Collins Street, Melbourne, 3000 , Australia
Allocation 6:7898513 shares (4.23%)
FNZ CUSTODIANS LIMITED
Fnz House, Level 3, 29a Brandon Street, Wellington, 6011 , New Zealand
Allocation 7:7642763 shares (4.09%)
Bnp Paribas Nominees Pty Ltd Acf Clearstream
60 Castlereagh Street, Sydney, Nsw, 2000 , Australia
Allocation 8:5392113 shares (2.89%)
HSBC Custody Nominees (Australia) Limited
Level 32, 580 George Street, Sydney, Nsw, 2000 , Australia
Allocation 9:4102678 shares (2.20%)
Bnp Paribas Noms Pty Ltd
60 Castlereagh Street, Sydney, Nsw, 2000 , Australia
Allocation 10:4020558 shares (2.15%)
FORSYTH BARR CUSTODIANS LIMITED
Forsyth Barr Limited, 35 The Octagon, Dunedin Central, Dunedin, 9016 , New Zealand
Aussies are not dumb. 10% return and besides the downs of 2019 and 2020 the digital transformation has taken shape well.
Handled the downturn in the economy well. Once rates come down this will go very well