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NEC - Nine Entertainment Co. Holdings
- Thread starter MrBurns
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Re: Channel 9 relisting
So let me get this straight - they were in huge debt problems a couple of years ago, negotiated and came to an agreement to sell their equity to the creditors, only so the creditors could subsequently (now) try to sell it at a higher price to us?
So let me get this straight - they were in huge debt problems a couple of years ago, negotiated and came to an agreement to sell their equity to the creditors, only so the creditors could subsequently (now) try to sell it at a higher price to us?
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Re: Channel 9 relisting
Lets see how pretty a girl they have to spruik this one on the punters.
Hopefuly the memories of Myer are still strong.
Lets see how pretty a girl they have to spruik this one on the punters.
Hopefuly the memories of Myer are still strong.
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Re: Channel 9 relisting
I don't like the look of Gyngell, the whole place is a boys club with Mcguire and Sam Newman, their morning show is a crock with that tosser Stefanovic and the other wan*** Richard Wilkins and even the sports reporter Ben Fodham is a Stefanovic copy
Mcguire cant even pronounce the name of the show he hosts.........I wouldn't watch the Channel let alone buy shares in it.....on principle.
I don't like the look of Gyngell, the whole place is a boys club with Mcguire and Sam Newman, their morning show is a crock with that tosser Stefanovic and the other wan*** Richard Wilkins and even the sports reporter Ben Fodham is a Stefanovic copy
Mcguire cant even pronounce the name of the show he hosts.........I wouldn't watch the Channel let alone buy shares in it.....on principle.
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Re: Channel 9 relisting
I'm not touching this with a 10 foot pole
I'm not touching this with a 10 foot pole
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Re: Channel 9 relisting
If it's that difficult for viewers to actually watch it, then suffice to say I won't be going anywhere near it as an investment.
This network wrecks every program they have with constant schedule changes, starting half an hour before the stated time, showing episodes in the wrong order and so on.
If it's that difficult for viewers to actually watch it, then suffice to say I won't be going anywhere near it as an investment.
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Re: Channel 9 relisting
This IPO isn't that bad. There's some good growth potential in the Live and Digital segments. TV has been flat, but as a medium it is holding it's own, as compared to newspapers. If I had the money a few years ago when Nine was trying to flog Ticketek I would have bought the whole thing. How many businesses have the luxury of being able to charge people $6.50 to email them a ticket that cost $25. Not surprisingly the margins are fat.
This IPO isn't that bad. There's some good growth potential in the Live and Digital segments. TV has been flat, but as a medium it is holding it's own, as compared to newspapers. If I had the money a few years ago when Nine was trying to flog Ticketek I would have bought the whole thing. How many businesses have the luxury of being able to charge people $6.50 to email them a ticket that cost $25. Not surprisingly the margins are fat.
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Well it's safe to say that the market is still in the mood of severely punishing downgrades! 
Big fall from NEC today after announcing revenue is down 11% over the PCP for the quarter.
TV share estimate is also lowered to 37%.
They state that the digital trends are continuing on (would that be the falling revenue or improved EBIT?? )
The obvious peers have taken a bath as well with SWM down over 10%, although it has run hard recently so not suprised to see the top chopped off.
Big fall from NEC today after announcing revenue is down 11% over the PCP for the quarter.
TV share estimate is also lowered to 37%.
They state that the digital trends are continuing on (would that be the falling revenue or improved EBIT??
)The obvious peers have taken a bath as well with SWM down over 10%, although it has run hard recently so not suprised to see the top chopped off.
skc
Goldmember
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Well it's safe to say that the market is still in the mood of severely punishing downgrades!
Big fall from NEC today after announcing revenue is down 11% over the PCP for the quarter.
TV share estimate is also lowered to 37%.
They state that the digital trends are continuing on (would that be the falling revenue or improved EBIT??
The obvious peers have taken a bath as well with SWM down over 10%, although it has run hard recently so not suprised to see the top chopped off.
I don't remember the last time I watched live TV.... it's a dying media that's only going to get worse with the likes of Netflix etc.
SWM was a no brainer short from open... didn't make nearly enough off it though. :bad:
P.S. More value is lost on NEC than the DSH float... I wonder if there should be a senate inquiry on this as well?
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I don't remember the last time I watched live TV.... it's a dying media that's only going to get worse with the likes of Netflix etc.
SWM was a no brainer short from open... didn't make nearly enough off it though. :bad:
P.S. More value is lost on NEC than the DSH float... I wonder if there should be a senate inquiry on this as well?
Yeh but.
Looking at the volume and Wespac, BT Investments and Big Maq all buying it up. Perpetual dumped some at the same time. The volumes were unusually large and it offloaded some baggage for a good profit in the selling of Southern cross. That looks to me like its priming itself up perhaps back to private equity or I dunno maybe James channeling Dad and going to have a crack with some of the cash he got for selling some crown.
Worth a punt right here, I reckon.
You heard from me first!!
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To me this is the an absolutely A1 Set Up.
Hard to show on the yahoo finance screen but in effect:
- Stock threatening to break ATH with a nice consolidation pattern
- Outstanding 2 day bar pattern the last 2 days
- Some type of fundamental catalyst, there was a MQG presentation about how they are moving towards online and 'Stan' etc. They mentioned Netflix in there which is all they really needed to do.
- Hot market
My order has been jumped/gapped this morning - interesting to see what to do from there. @peter2 Do you have much experience with the gapping of buy to open orders? If it comes back go me now I almost don't want it?
As an aside, very hot market right now and I am wary of perhaps a pullback in the coming days. 5 day ROC on the XAO is very high.
Hard to show on the yahoo finance screen but in effect:
- Stock threatening to break ATH with a nice consolidation pattern
- Outstanding 2 day bar pattern the last 2 days
- Some type of fundamental catalyst, there was a MQG presentation about how they are moving towards online and 'Stan' etc. They mentioned Netflix in there which is all they really needed to do.
- Hot market
My order has been jumped/gapped this morning - interesting to see what to do from there. @peter2 Do you have much experience with the gapping of buy to open orders? If it comes back go me now I almost don't want it?
As an aside, very hot market right now and I am wary of perhaps a pullback in the coming days. 5 day ROC on the XAO is very high.
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NEC popped up in my scan tonight and to be honest I have never really paid any attention to it before.
But with the Voice on in the background maybe that is why I was drawn to this tonight
Counter Trend triggered buy on the chart below and closed @ $1.40, so if this can hold we might see some more positive action
But with the Voice on in the background maybe that is why I was drawn to this
tonightCounter Trend triggered buy on the chart below and closed @ $1.40, so if this can hold we might see some more positive action
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Been a while since any news posted on this thread, maybe on death row, who knows.
mumbrella.com.au
From the article:
Up to 200 jobs are set to be made redundant at Nine as soon as Friday.
Nine Entertainment CEO Mike Sneesby notified staff of the move, with the first axings to come from the publishing division.
Similarly to Seven’s shake-up earlier this week, Nine attributed the cuts of up to 200 roles from almost 5,000 staff members to “the loss of revenue from the Meta deal and challenges in the advertising market”.
“In order for us to be able to keep investing in digital growth opportunities across Nine, we must continue to responsibly manage costs through the cycle,” Sneesby’s note reads.
It comes after Nine confirmed to Mumbrella on Wednesday that chief information and technology officer, Memo Hayek, was made redundant as the result of a merger between the network’s product engineering and product management teams.
In a separate note to staff seen by Mumbrella, managing director of Nine Publishing, Tory Maguire, said: “It is clear that we need to evolve our operating model and reset the Publishing business to create a sustainable future for the mastheads.
“In light of this the publishing division is going to have to make significant savings in FY25, right across the business.
www.smh.com.au
Up to 90 jobs are expected to be lost from the company’s publishing division, which houses The Age, The Sydney Morning Herald and The Australian Financial Review, and contributes 25 per cent of Nine’s earnings, despite only contributing 21 per cent of revenue, in fiscal 2023.
This masthead reported on Monday that Seven was set to make 150 staff redundant as it deals with one of the softest advertising markets in several decades. News Corp has made as many as 80 staff redundant across its sales division, with some senior executives and editors also having departed. The company is expected to make more cuts across its editorial division in coming weeks.
Up to 200 jobs to be axed at Nine
Up to 200 jobs are set to be made redundant at Nine as soon as Friday. Nine Entertainment CEO Mike Sneesby notified staff of the move, with the first axings to come from the publishing division.Similarly to Seven’s shake-up earlier this week, Nine attributed the cuts of up to 200 roles from...
mumbrella.com.au
Up to 200 jobs are set to be made redundant at Nine as soon as Friday.
Nine Entertainment CEO Mike Sneesby notified staff of the move, with the first axings to come from the publishing division.
Similarly to Seven’s shake-up earlier this week, Nine attributed the cuts of up to 200 roles from almost 5,000 staff members to “the loss of revenue from the Meta deal and challenges in the advertising market”.
“In order for us to be able to keep investing in digital growth opportunities across Nine, we must continue to responsibly manage costs through the cycle,” Sneesby’s note reads.
It comes after Nine confirmed to Mumbrella on Wednesday that chief information and technology officer, Memo Hayek, was made redundant as the result of a merger between the network’s product engineering and product management teams.
In a separate note to staff seen by Mumbrella, managing director of Nine Publishing, Tory Maguire, said: “It is clear that we need to evolve our operating model and reset the Publishing business to create a sustainable future for the mastheads.
“In light of this the publishing division is going to have to make significant savings in FY25, right across the business.
Nine to cut up to 200 jobs as ‘economic headwinds’ bite
Executives from Nine’s broadcast, publishing and radio divisions are discussing the extent of cuts with staff as the company seeks $30 million in savings across its operations.
Up to 90 jobs are expected to be lost from the company’s publishing division, which houses The Age, The Sydney Morning Herald and The Australian Financial Review, and contributes 25 per cent of Nine’s earnings, despite only contributing 21 per cent of revenue, in fiscal 2023.
This masthead reported on Monday that Seven was set to make 150 staff redundant as it deals with one of the softest advertising markets in several decades. News Corp has made as many as 80 staff redundant across its sales division, with some senior executives and editors also having departed. The company is expected to make more cuts across its editorial division in coming weeks.
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Sneesby can do it.
Tight as he is, that's why he's got a big nose.