Investment Matters

Company news: Southern Cross Media

Southern Cross Media reported at its AGM that it has upgraded its expectations for 1H-16 for Earnings Before Interest, Tax, Depreciation and Amortisation to increase by up to 4% to $87-89m.  The upgrade comes from higher revenue in the company's metropolitan radio business and modest revenue growth from its regional affiliation with Channel Ten.  This is the first upgrade from Southern Cross for several years and shows that it is getting "back in the game" and we look forward to continuing with the strong dividends we have been receiving and seeing these grow over coming years. 

[1]  Value versus Growth: The International Evidence, Eugene F. Fama and Kenneth R. French, The Journal of Finance, Vol. 53, No. 6 (Dec., 1998), pp. 1975-1999, with data subsequently updated back to 1927.