ASX:SXLMedia
Southern Cross Media Group (ASX:SXL) Shares Face Cash Flow Reckoning After Profit Squeeze
Southern Cross Media Group walked into this result with a flat 7 day share price and only a modest 30 day gain, hardly the setup for drama. The headline was a sharp squeeze on profit. Net profit after tax slipped to A$9.9m as merger and restructuring charges bit into what was otherwise an earnings reset story.
The market now faces a sentiment reckoning. Do you price the stock off the cleaner A$200m of earnings before interest, tax, depreciation and amortisation, or do you fixate on the...