Investment Matters

Company News

HT&E has been awarded an extension to its Sydney trains contract.  The contract with HT&E’s Adshel division that was due to expire at the end of 2018, has been extended for multiple years.  It includes advertising space across concourse and platforms, with 186 digital screens.

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TZ Limited has been awarded a purchase agreement with a global technology company for the provision of TZ locker hardware, software and maintenance services.  The agreement has an indefinite term with provision for annual price increases.  The company is already a major customer of TZ, and the contract is a positive affirmation of the strong technology solution that TZ offers.

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Threat Protect has announced a substantial acquisition – South Australian based Security Alarm Monitoring Service.  It has 22,115 connections, 218 resellers and its own monitoring call control room.  The acquisition cost $8m and is expected to contribute $5.0m of revenue annually.  This acquisition will provide a meaningful increase in scale, and is expected to contribute to significant earnings' growth in coming years.

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Survey 1 for 2018 for Australian radio was released this week.  Southern Cross Media owns the Triple M and HIT networks.  HT&E owns the KIIS network.  It was a good result for both companies – with overall rating improvement for all three networks, as shown below.  The HIT network increased share in the key Sydney market (which is good as this has been a focus for Southern Cross), although KIIS and Triple M lost share.

 

Source: radioinfo (http://www.radioinfo.com.au) 13-Mar-18.