Tag: OML
Profits Bounce but Still oOh! No Dividend
Out-of-home advertising products group oOh!media will again not pay a dividend, despite reporting a 22% jump in revenue to $251.6 million for the half year to June 30.
Read MoreOML – Macquarie rates the stock as Outperform
Despite softer than expected revenue growth, Macquarie maintains its Outperform rating with the target rising to $2.08 from $1.45.
Read MoreOML – Credit Suisse rates the stock as Outperform
Credit Suisse found little detail in the AGM update. The broker assesses near-term volatility is highly likely. Moreover, consensus estimates appear “toppy” for 2021.
Read MoreoOh!media In $167m Equity Raising At Deep Discount
oOh! Media (OML) is tapping shareholders with a deeply discounted placement to raise $167 million that will dilute existing holders stakes in the troubled outdoor media group.
Read MoreOML – Credit Suisse rates the stock as Outperform
Credit Suisse believes a more aggressive sales strategy in the fourth quarter has paid dividends for the company with an earnings upgrade bolstering confidence in its ability to deliver.
Read MoreoOh!media Upgrades Its Earnings Outlook
Some good news amid yesterday’s second big sell-off in a row (thanks to Donald Trump). Shares in out of home ad group oOh!media soared by more than 30% after it upgraded earning guidance for the financial year ending December 31.
Read More‘Disappointing’ OohMedia Rules Out Capital Raising
In an odd note, OohMedia chief executive Brendon Cook yesterday ruled out an equity raising and moved to settle nervous shareholders after confirming downgraded guidance issued earlier this month for the year to December.
Read MoreEarnings Catchup: Newcrest, Cochlear, Domain, oOh! Media
Cochlear’s 2018-19 results topped market expectations, Newcrest has ridden the rising gold price higher, Domain has cut its full-year dividend while investors have given oOh! Media’s 2019 profit downgrade a big thumbs down.
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