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Will Media company be in focus for coming financial year ?

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Will Media company be in focus for coming financial year ?

Is NEC a good buy now ? Quite good dividend and Olympic taking place in July . The company is buying back shares as well.

Answer

Hi John,

We do see value in NEC, particularly their streaming business STAN. On 11x and likely to yield 6.43% FF this coming 12-months, there is value there ~$1.40. We do own Nine (NEC) in our Emerging Companies Portfolio.

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Nine Entertainment (NEC)
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