Southern Cross Media Group Ltd
SXL: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$8.00 | Mzjly | Zqyykqr |
Southern Cross Media's Fiscal 2024 Cost Performance Shy of Our Expectations
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.