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Current Price Data+
Current Price
Open
High
Low
Last Close
Volume
Price Movement
$ 3.100
$ 3.110
$ 3.110
$ 3.080
$ 3.130
569,277
$ -0.030 -0.958 %
Current Broker Consensus Recommendation
Recommendation :
Hold
Recommendation Date :
5th Jul 2010
12 Month Target Price (average) :
$3.484
Brokers Surveyed :
8
Market Statistics
% of Market:
0.0000
% of Sector:
n/a
Sector:
Consumer Discretionary
Industry Group:
Media
Industry:
Media
Company Overview
Company Overview
CMJ is exposed to the media sector, including subscription TV and sports programming. The company does not operate or manage any businesses, rather it holds investments in third parties.
Company History
On 23 November 2007, PBL shareholders approved a number of resolutions to give effect to the Recommended Proposal to split PBL into two publicly listed companies: a gaming business (Crown) and a media business (CMJ). CMJ acquired PBL's holdings in SEK, Foxtel, Fox Sports and PBL Media. CMJ's holding in PBL Media was diluted to effectively zero in December 2008 following a capital injection by the major holder CVC partners. CMJ sold its holding in Seek in 2009.
Differentiating Factor
The company will be able to leverage off its media experience to identify and to evaluate further strategic investments. It will also use its access to talent and strategic thinking through its existing investments.
Major Customers & Competitors
Foxtel and Premier Media group compete indirectly with FTA-TV.
Financial Summary
Year to n/a
NPAT Rep $M
NPAT1 Adj $M
EPS c
EPS chg %
PER x
PER rel All Ords x
PER rel Sector x
DPS c
Yield %
Franking %
ROE %
2007
n/a
0.0
n/a
n/a
0.0
2008
76.1
0.0
n/a
n/a
0.0
2009
-35.0
0.0
0.0
0.0
0.0
1NPAT is normalised by removing non-recurring items and goodwill. All the above statistics are derived from normalised earnings.
Sydney Morning Herald 31/07/2010 | GRAINCORP and AWB have agreed on a multibillion-dollar merger so they can compete against larger rivals in the consolidating global agribusiness sector.
The Age 31/07/2010 | GRAINCORP and AWB have agreed to a multibillion-dollar merger in a bid to compete against larger rivals in an increasingly consolidating global agribusiness sector.
Sydney Morning Herald 31/07/2010 | I t's official: money doesn't buy you happiness. But financial security certainly seems to play a role in whether you're a glass half full or glass half empty type of person.
The Age 31/07/2010 | This reporting season will provide something for everyone, from wary retail investors and professional fund managers to stockbroking analysts, writes Ian McIlwraith.
Sydney Morning Herald 31/07/2010 | Most of us want to make a buck and retire early. But for the golden oldies of business, there's no question of quitting, writes Michael Evans.
$ 3.100
