NZM - NZME

[nztx]

Special dividend, affirmed forward guidance - the recovery phase from bad old days appears successfully complete. Just over 193m shares on issue - good Div yield.

Barring less easy times going forward - any thoughts with NZM ?

[Fiordland Moose]

Special dividend, affirmed forward guidance - the recovery phase from bad old days appears successfully complete. Just over 193m shares on issue - good Div yield.

Barring less easy times going forward - any thoughts with NZM ?

other than kicking myself for not picking up a parcel when the market crashed in 2020 not really but on my watch list. I have done zero research on it. did they receive a bunch of government funding in the last year or two from government that is non recurring?

not a big fan of the herald, but I can get over that if the divy outlook is right. impressed with how determined and quickly they have been getting cash back to shareholders.

[nztx]

Yes - the same could be said of a lot of media companies & other businesses.

The curtains may be now closed on further Covid windfalls, onwards 2023
comes an Election windfall for some - then the telling part of those who
can ride ahead and those who freeze and fall may become evident.

The ride upwards from 2020 lows has been a large one, falling back of late slightly.

A smallish issued capital, offshore predators in the fray on the register and dominant
paper publisher - perhaps the funds are forseeing a return to former W&H glory days where
the SP was good, dividends were solid & regular ?

Some publishers have fallen by the wayside - namely the german owned one.

After all the predators from across the ditch did forsee the rapid rise from Mar/Apr 2020
on the upwards

[Crackity]

In New Zealand, we own a company called NZME (ASX: NZM) and it's effectively the Fairfax of New Zealand. It's a market though, that is behind Australia, in terms of the property portal side of things. That's why we like NZME. It owns a property portal called One Roof which is similar to Domain here. It's the number two player in the market. That market is probably 5-10 years behind here. It hasn't shifted online fully yet and there's a huge upside as that market shifts online for the number two player to get bigger just like Domain has here.

So we think there is a significant upside in NZME through One Roof. Putting that aside, we think the traditional media assets of NZME are transforming too. They're going from old-world print assets in newspapers to digital subscriptions. The radio assets are converting to digital and so there's good growth in those sort of more traditional lines of business in NZME as well. And, you're getting it at a cheap multiple.



Spheria (Matt Booker ) from livewire end of Sept

[entrep]

Interesting. What does domain have that OneRoof doesn't?