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OML - oOh!media Limited

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oOh!media Limited and its subsidiaries is Australia's largest Out Of Home media company, with 34% revenue share, and is the market leader in each of its key divisions.

oOh!media provides advertisers with access to a diverse range of audiences across its national portfolio of Out Of Home advertising spaces throughout Australia and New Zealand, including: large format roadside billboards (Road); sites located in retail precincts such as shopping centres and supermarkets (Retail); sites in airport terminals and lounges (Fly); and sites in high dwell time environments such as cafés, pubs, universities and indoor social sports centres (Place).

http://www.oohmedia.com.au
 

greggles

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oOh!media on the move after announcing its 2017 Half Yearly Results yesterday, climbing to $4.48 today up from its Friday close of $4.04.

Financial highlights included:

  • Revenue of $173.0m (HY16: $146.6m), up 18.0%
  • A diversified portfolio delivering growth across all divisions except Fly
  • Gross profit of $75.3m (HY16: $60.1m), up 25.1%
  • Gross profit margin expansion to 43.5% (HY16: 41.0%)
  • Underlying EBITDA 1 of $34.0m (HY16: $26.8m), up 27.0%
  • Underlying EBITDA 1 margin expansion to 19.7% (HY16: 18.3%)
  • Underlying adjusted earnings per share 1 of 5.3 cents per share (HY16: 4.0 cps), up 31.0%
  • Net profit after tax of $7.1m (HY16: $6.0m), up 18.3%
  • Interim fully franked dividend of 4.5 cents per share (HY16: 4.0 cps), up 12.5%
 

greggles

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oOh!media snaps up Adshel for $570m
oOh!media has won a bidding war to snap up Here, There & Everywhere's Adshel advertising business for $570 million, beating rival suitor APN Outdoor.

oOh!media initially offered $470 million for Adshel in April but the bid was rejected by HT&E and APN Outdoor subsequently made a $500 million offer.

APN increased its offer to $540 million in June - as APN itself became the subject of a $1.1 billion acquisition offer from French advertising giant JCDecaux.

But, on Monday, oOh!Media sealed a deal with a $570 million all-cash offer.
https://www.news.com.au/finance/bus...m/news-story/eaab3aadc3e914dbd65c9cc40c4489db

OML shares come out of suspension on Wednesday. It will be interesting to see what the market thinks of this deal.
 

Country Lad

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OML shares come out of suspension on Wednesday. It will be interesting to see what the market thinks of this deal.
If it were to open right now it would be at 540, up 5. We will need to see what happens in the morning.
 

greggles

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OML off to a cracking start today following yesterday's revised FY19 earnings guidance.

The company has advised that it expects FY19 Underlying EBITDA to be between $138 million and $143 million, up from the $125 million to $135 million announced back in August, as a result of improved bookings in September and the fourth quarter.

OML currently up 23.4% to $3.715. That bottom at $2.50 in October after the huge share price fall from $4.50 would have been a great catch.
 

Joe Blow

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@Joe Blow Thanks for reminding me! Just checking in now.
Hi @Betavegeta

Thanks for checking in, but this is the rule I was referring to:
3. Either before or after posting your entry and before the deadline for entries you must post in the forum thread of the stock you have entered providing either a general update or a view on why you think the share price is going to increase in the short term.
 
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Solid fundamentals in addition to it's low pe ratio of approximately 4 suggests that it is undervalued. A lot of potential for its share price to rise significantly imo.
No reason to doubt OML here - It's a two player market in outdoor media between them and QMS. oOh! is a reputable operator.
 
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Any ideas why it's being sold off taking it back to close to $1?
 
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