Southern Cross Media Group Ltd
SXL: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$9.30 | Qrd | Sjzldbf |
Southern Cross Shareholders Get Revised Offer From ARN Media and Anchorage Capital Partners
Business Strategy and Outlook
The impact of covid-19 on Southern Cross was material, given the financial pressure that most advertising clients were under. But with the AUD 169 million capital raising in April 2020, Southern Cross' balance sheet was sufficiently replenished to weather the storm. This has been augmented by management's heightened cost and cash flow discipline.