Publishing & Broadcasting Limited

By Intelligent Investor · 10 Aug 2001

By Intelligent Investor ·
10 Aug 2001

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Consolidated Media Holdings Limited - CMJ

Current price

$3.44 at 07:02 (21 November 2012)

Price at review

$10.40 at (10 August 2001)

All Prices are in AUD ($)

Since Kerry Packer dumped his 15% stake in Fairfax Holdings he's gone out of his way to show who's boss. Despite the $400m One.Tel debacle, the Commonwealth Bank thinks that Kerry and PBL have 'still got it', having increased its share holdings by 1% to 19.34%. The share price is up 11% from our last review in issue 80 (Hold While Unstable - $9.36) but we remain bearish on the media giant's stock. The economy is not quite out of jail. Continue to HOLD WHILE UNSTABLE.

IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.

Publishing & Broadcasting Limited

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Publishing & Broadcasting Limited

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