oOh media Ltd
OML: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$6.22 | Vyfb | Tcqnccl |
OOh media: Unfairly Suffering From Stench of Negative Advertising Sentiment
Since the recent high of AUD 1.78 in early May 2024, shares in oOh media have fallen 19%. This has even lagged the domestic media pariahs, with Nine Entertainment shares down 5% and Seven West Media down 10% over the same period. Judging returns over short and arbitrarily chosen periods is hazardous. However, it appears the wretched sentiment in traditional advertising (for example, metropolitan free-to-air advertising is down by a midteens percentage in 2024 to date, after a 14% decline in 2023) is spreading to oOh media.