Tag: SEV

Seven Group Holdings has upgraded earnings guidance thanks to a recovery in television advertising and stronger coal and iron ore markets in Western Australia, Queensland and China.

The discount in the share price of Seven Group Holdings continues to widen.

No joy again for the Seven Network and its owner, Kerry Stokes, in their long running C7 pay TV channel case, with a full bench of the Federal Court rejecting an appeal against the comprehensive loss in 2007 in the $200 million trade practices suit.

So will Kerry Stokes take a controlling 50%-plus stake in the Seven Network Ltd at a time when the company has lost millions on controversial stockmarket investments, and earnings are under increasing pressure from the slowing economy?

The gloss has gone off the performance of the Seven Network and its core business. TV.

It's been a big year for Seven network and its 42% owner, Kerry Stokes.

The Seven Network reported and delivered on guidance of a 40 to 45 per cent rise in pre-tax earnings yesterday and the shares ended up all square on the day at $11.63.