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Current Price Data+
Current Price
Open
High
Low
Last Close
Volume
Price Movement
$ 3.260
$ 3.280
$ 3.300
$ 3.250
$ 3.280
256,350
$ -0.020 -0.610 %
Current Broker Consensus Recommendation
Recommendation :
Hold
Recommendation Date :
23rd Aug 2010
12 Month Target Price (average) :
$3.508
Brokers Surveyed :
8
Market Statistics
% of Market:
0.1570
% of Sector:
5.6403
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
38.7
2.6
3.7
0.0
2008
76.1
22.0
2.2
1.4
5.1
2009
-35.0
33.8
1.7
2.0
5.1
1NPAT is normalised by removing non-recurring items and goodwill. All the above statistics are derived from normalised earnings.
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Sydney Morning Herald 10/09/2010 | The question that the banks probably don't want the NAB boss, Cameron Clyne, to try to answer now is whether his $13 billion AXA Asia-Pacific takeover was derailed by the Herfindahl-Hirschman Index, or some higher and for them more ominous principle that signals the end of the era of big bank takeovers.
The Age 10/09/2010 | AMP has emerged in the box seat to push ahead with a renewed bid for its rival, AXA Asia Pacific, in a move that would create the fifth pillar in nation's financial services landscape.
Sydney Morning Herald 10/09/2010 | NATIONAL AUSTRALIA BANK was considering last night whether to abandon its $13.3 billion bid for AXA Asia-Pacific after its plans to dominate the nation's superannuation and retirement savings industry were rejected by the competition regulator for a second time.
$ 3.260
