TEN - Ten Network Holdings

[sam21poddy]

I cannot for the life of me understand share prices. Today TEN announced increased profits and a fully franked dividend of 21.5c. My broker's recommendation had it valued at a little above $4.00. TEN made a statement that however, they did not expect future earnings to be quite as good. Big deal. I bought some shares at $3.50 thinking it was a good buy with 21.5c dividend and no sooner had I bought the shares, they plunged to below 3.30. I give up.

 

[rozella]

Re: TEN

G'day sam21poddy,

The dividends of 21.5 are well gone that they are referring to. Div of 12.5 in December 04, & 9.0 in June 05. Next divs come around in December this year.

But you are right, the outlook statement for the next 12 months seems to take precedence over anything else.

 

[sam21poddy]

Re: TEN

Here is the quote from today's news story on www.financenews.com.au

"Ten declared a final dividend of 21.5 cents a share." (I don't know how to post a link to the story).

So it looks like a mistake and I've fallen for it.

 

[rozella]

Re: TEN

sam21poddy,

For the news article from the press, just copy from the address bar & paste. Click on the hyperlink icon 1st.

I assume this is the article
Ten boosts profit 31pc

This is part of another news article.

Sydney - Wednesday - October 12: (RWE Aust Business News) - Ten
Network Holdings Ltd (ASX:TEN) has reported a net profit of $100.6m for
the year to August 31 2005, up 30.8pc on the prior year's $76.93m.
Revenue was up 14.5pc to $954.59m from $833.4m previously.
Fully franked dividends totalling 21.5c were paid during the
year, in December 2004 (12.5c) and June 2005 (9c).
The first dividend for FY 2006 will be paid in early January and
the second in early July 2006.

 

[el_ninj0]

Re: TEN

I agree rozella, people are pretty stupid when it comes to reading announcements. Most people are stuck in following other poeple simply because they cant be bothered reading the announcement properly. Anyway, TEN is a decent co, i wouldn't be too worried about your investment.

 

[Lachlan6]

Re: TEN

Hello all. just one quick thing. look at the chart of ten compared to that of gtp. any similarities? only difference is that gtp has well and truly started to fall. really important time now for ten as it has made that lower high on weekly chart. OBV has started to fall, whilst there was negative divergence in the RSI from highs in 2003 and late 2004. The next support is around $3.20. if this fails this stock is in all sorts. only my opinion. cheers, lachie.

 

[Scratch]

Re: TEN

Not wishing to be rude:

I am a newbie watching and waiting. I "saw" on 21/9 a SELL signal using charts and have been out since that time ($3.70). I truly do not understand the tech talk re being misunderstood etc or understanding. What it does do is make me feel as if I have yet a lot to understand??

Scared as ****!! But still willing to give it a go!!

S

 

[Julia]

Re: TEN

Hello all. just one quick thing. look at the chart of ten compared to that of gtp. any similarities? only difference is that gtp has well and truly started to fall. really important time now for ten as it has made that lower high on weekly chart. OBV has started to fall, whilst there was negative divergence in the RSI from highs in 2003 and late 2004. The next support is around $3.20. if this fails this stock is in all sorts. only my opinion. cheers, lachie.

In making the above comparison, you're not taking into account the potential for TEN with anticipated changes to media laws which are probably not too far away. There will be all sorts of movements and if TEN becomes a takeover target the SP should do well.

Apart from that, what other similarities, other than the chart, do you see between GTP and TEN?

I hold both and would never have considered them in the same breath.
Maybe Im missing something important?

Julia

 

[ob1kenobi]

Re: TEN

I agree Julia! I hold TEN and the chart at the moment is causing me much concern. If it fell below $3.00 I would reconsider that position.

 

[Julia]

Re: TEN

Australian Broker Call Report today has several broker/analyst recommendations on TEN. One is a Buy and the rest Neutral/Hold.


I'm holding.

Julia

 

[Smurf1976]

Re: TEN

I'm no expert on this company but to my understanding the market for advertising is turning down quite badly as companies look to cut costs. If that's correct then it would explain the weakness in TEN.

I have a couple of contacts in the media so I'll see if I can find out if this advertising slowdown is real or not. Looking at a couple of other stocks like SLM though it does seem that the advertising business isn't exactly booming.

 

[mime]

Re: TEN

I saw a report today that the number of people are watching free to air commerical tv is slowly dropping despite a growning population. More people are moving to pay TV.

I think thats a major contributer as well as shows like Idol have been popular then the past. Seven has also lifted their game and taken back their market share.

 

[Lachlan6]

Re: TEN

I posted a couple of months ago re TEN, saying how those who own some should watch really carefully. Today was a down day for the stock and consequently it has fallen through crucial support at around $3.20. If TEN finishes the week around the $3.10 mark, it will signify the completion of a dowward ascending triangle, which will once and for all show that money is getting out of this stock. Back in October I highlighted the similarity with the GTP chart. Nothing has changed, and the next support for TEN is $2.90, then $2.60. Look at the sharp fall in OBV, it shows that the smart money is exiting. Something to think about for people holding TEN. Just my opinion.

 

[markrmau]

Re: TEN

ex-div.

 

[rozella]

Re: TEN

Thats right markrmau,

div + fc = 17.14/share. It dropped 16.0 yesterday......it is what I would expect in an ordinary market......but this market is on fire atm....it should have done better.

 

[Lachlan6]

Re: TEN

OK cheers markmau. was wondering that. Still if I was holding TEN I would be watching very closely in the next couple of days, especially if they cant reverse and get back above about $3.20.

 

[Julia]

Re: TEN

I've been holding it for its yield, but am currently rethinking it. Can undoubtedly find something else with better prospects for growth and still good yield.

I think TEN had its best times when Big Brother and other similar rubbish was popular and they were leading the ratings, whereas now TEN has fallen in the general ratings and, as reported, their outlook is less than exciting.

Julia

 

[Dutchy3]

I'm in .... will have to watch closely of course .... experience tells me that blocking stakes are bough in companies not just for the hell of it ...

 

[Rainmaker2000]

I'm a TEN fan and hold it, but just because of the underlying business.....as for the rumour of Rupert, it may well have credibility but I'll never for the life of me understand the behaviour of this Bemuda billionaire.......he actually sold stock in TEN not long ago at a lower price, now he wants to save TEN from Rupert when he did not want to own much anyway.......he could however just be making a short term play, eg. take a blocking stake and then get Rupert up to 3.50 but that seems a bit odd for an industry veteran........still, there are many egos in the media industry

 

[Stan 101]

Ten are looking to lead the new digital era with a 24 hour high definition sport channel named ONE. One will be screened on Ten's current HD channel and then simulcast on their second standard definition channel.

It will be interesting to see if local content goes up or down for Ten. Full wraps for them to get out there and break the mold.

http://www.asx.com.au/asx/statistics/annou...;issuerCode=TEN