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FXJ - Fairfax Media

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They know all this but I dont think they're very good at it, newspapers were their speciallty if that goes it's good night.
 
wonderrman said:
But what happens if it doesn't?
Click to expand...

I'll lose some money then I guess! Agree Farifax and the media sector have issues but I've thankfully I've only for a small exposure to these which I saw as an attractive price.
 
Been alot happier with the SP performance of late, the MTN buyback has certainly stabilised things a bit.

I have come back to -32% now, from hovering about -42%. Going to continue to hold for the time being. Depending on how it gets back to my Average buy price of $1.84 will determine when I sell. Obviously if it is going forward in leaps and bounds, then I will try to ride it all the way up and let it stop/loss me out of it when the price falls back.

Until such time as the dividends are restored to former levels, then I cannot see the SP breaking the $1.30 barrier. The returns are just too small.
 
Well I was wrong.... up 8c today to $1.35 at one point.

No ASX release, no speeding ticket. Volumes seem a bit better than normal.
 
We've hit $1.45 in intraday trade now......

I'd love a chartist's opinion on the current position of Fairfax.

I hold ~3600 units at $1.66 average. Hoping to hold until they hit $1.80.
 
its looking up!!

I would hold if I were you, its resistance is @ 1.48 & 1.73

I hold 7790 @ 1.05 per pop & will not sell until it hit $2.10
 
Anyone have info Fairfax SPS (Interest rate security). It has a 30% YTM though probably for good reason. Anyone see any any value there?
 
I held these for years and sold last year.

They seem to have been kissed by the devil.

Media are not saleable at present. They are not making a profit. Advertisements are falling. AFR online is a joke., so no profit there.

Their mastheads are alienating their readers. All their columnists with a few exceptions seem to live in the cold war era , anti US, anti Israeli, anti family values. In a city like Melbourne with a large Jewish diaspora they are anti Jewish. The loons run the asylum.

I can read Age, SMH for free on the net and google past articles.

Shorting them is a good option.

gg
 
Bit of a nasty loss today, all driven by impairments on the mastheads really. I would have hoped for a <$300M figure though.

I think the decks have now been cleared and they are ready to move forward. Debt repayment was a big highlight for me, although I would have liked to have seen a small dividend paid - maybe 0.5c per unit?

Interesting course of sales today also, I think a few people got a little too excited early on. I'd love to get rid of these, but really need to get it above $1.70 before I do so. I will be damned if I take a loss on the shares I have held for so long.
 
Mitsimonsta said:
I'd love to get rid of these, but really need to get it above $1.70 before I do so.
Click to expand...

If you're still holding it looks good for you. $1.665 today. I jumped on this one back in March for $1 & think there good for $2 by the end of 09. Stocks been good to me so far.
 
Ha, should have updated.

I got rid of these about 2 weeks go under $1.50.

Still, glad to be rid of them. Took a Capital Loss which will offset my CGT issues with the profits I took off BEPPA.

Still, kind of amazed to see the run these have had.
 
I see Walkers leaving and there's pressure to do something about the share price, I think Corbett will pull something out of the hat and diversify, might be a good time to get in.
 
I entered at $1 back in march & am happy to hold.

There’s been lots of talk about the decline in advertising dollars & how to monetise web content but at the end of the day these guys have great online real-estate that attracts many eyeballs. The eyeball factor is massive in online because the best revenue module, advertising strategy & even content offering don’t amount to much if you can’t attract eyeballs.
 
Will Roger Corbett make any difference, I mean he's already on the board isnt he ?
They need someone new perhaps ?
 
MrBurns said:
Will Roger Corbett make any difference, I mean he's already on the board isnt he ?
They need someone new perhaps ?
Click to expand...

It's possible. But the industry needs to wake to the fact that online is not going away & infact its overtaken their existing business models & is leaving them behind. News media has the same realisation to come to as does the music & movie industry. A good artical below:

http://www.businessspectator.com.au...x-Media-pd20090925-W7SX5?OpenDocument&src=sph
 
They've put Roger Corbett in as the new Chairman.
A mate of Walkers with the same ideas.
What a joke.

Think I'll dump my shares.
 
i am very happy to hold the fxjpb from 85.52. I don't see fxj as too much of a risk, but with a great expected yield on fxjpb. i expect them to recover past the pre-exdv prices in the short term.

Even if you dump fxj, do you have any thoughts on fxjpb? It seems like a great opportunity from where i stand?

Cheers.
 
Fairfax up 8c today, following on from strong rise on Friday. No annoucements from Fairfax. Has anyone heard any news that may explain this run?
 
Wouldn't it make sense if Seven's Kerry Stokes bought FXJ and linked it's online sites to the Yahoo7 web page? It seems like the most obvious takeover target considering James Packer is in the way of him controlling Consolidated media.
 
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