Ann: Full Year Results - Media release, page-3

EPS of 9.7cps and DPS of 6.8cps (below TC Estimates)...

Pretty good is an understatement I would say given the depressed set of expectations the market has predicted. But who could blame them when you have a look at their metro counterparts. As I said to @Mongrel 'Regional media favours local news and local advertisements and will take longer to kick the bucket in terms of competing with streaming media.'

Hard to tell what the future brings, but geeze I tell you what this is looking a lot more rosier than metro media. As I said in the other thread, Prime are really digging in with this regional media pitch to carve themselves a niche and protect their local content.

It will be interesting to see if and when the 'reach' laws are changed, because I cannot see why Seven wouldn't want this. KS and his men might talk a mean game, but I think they will need to bolt on this sort of business if they are to maintain any sort of meaningful earnings into the future.

Going back to the results, great cost declines but not likely to be maintained as they mentioned Re olympics. I thought when PRT signed the content agreement a couple of years ago (in 2013) they'd overpaid but maybe they knew they were able to maintain their audience shares.

I'm hopeless with forecasts but geeze I think fair value should easily be closer to the mid-70's. I would like to say higher but without any meaningful outlook 80's might be a stretch. At any rate it's good buying if you can get in tomorrow...