NZME - New Zealand Media & Entertainment

[Dlownz]

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

[nztx]

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

Agree, not bad sort of result, but with the Economy in shaky uncertain territory
with a RB Governor intent on chasing inflationary shadows, risking inflicting more
pain & suffering - the outlook looks somewhat murky

[Dlownz]

Ubs holding went from 7.5 to 15%. When did I miss those trades go through?

[Dlownz]

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

[nztx]

This answers my question.
https://www.nzx.com/announcements/409354
Anyone got any insight into this

UBS c*ck up apparently .. someone in HK Office must have spilt their noodles on the abacus
causing a swap malfunction


A darn interesting Document Title that NZX have on the fiiing:

Strictly Private & Confidential

[Dlownz]

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.

[warthog]

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.

These bankers are barely literate. It's a mistake.

[Dlownz]

Repertoire Partners increased there Holdings now 19.9%.

[Dlownz]

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?

[Sideshow Bob]

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.