HT&E LIMITED Ready for Acquisition as KIIS FM Owner.

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HT&E LIMITED ($ASX:HT1), the owner of Australia’s popular KIIS FM network and other media outlets, is now ready to be acquired. The publicly-listed company has long been a major player in the Australian radio and media industry, and is continuing to show solid growth and profitability. As a result, HT&E is an attractive target for potential acquirers. HT&E’s flagship radio station KIIS FM is known for its popular music and talkback programs, and continues to be a leader in ratings. The company’s other radio assets also boast strong performances in metropolitan markets. This ongoing success has enabled HT&E to expand into other areas including outdoor advertising, digital media and events.

Additionally, HT&E also owns a range of entertainment brands such as the Australian Music Awards and EDM festivals. These assets have enabled the company to diversify its revenue streams and put it in a strong position for potential acquisitions. Overall, HT&E LIMITED is well-positioned for the future and is a solid opportunity for those looking to acquire a thriving media business. With strong assets and a proven track record of success, there is no doubt that HT&E is ready for acquisition.

Market Price

On Monday, HT&E LIMITED (HT&E) signaled its readiness for potential acquisition as KIIS FM owner, with its stock opening at AU$1.3 and closing at AU$1.2, up 2.1% from the previous day’s closing price of 1.2. This announcement has prompted talks about potential bidders looking to acquire the company, including Australian media titan Nine Entertainment Co. and private equity firm KKR. Analysts have also speculated that Seven West Media and regional broadcaster Prime Media Group may be interested in HT&E. These rumors have added to the optimism of investors who are buoyed by the solid performance of HT&E, which has seen its stock price surge significantly since the start of the year. Its latest quarterly report showed revenue growth across all segments, thanks to strong performances from its radio and out of home advertising businesses.

The company’s radio business is particularly attractive to potential buyers, as it owns seven stations across Australia, including the sought-after KIIS FM network. Overall, the outlook for HT&E appears to be positive, with share prices expected to remain strong should potential buyers come knocking on its door. This could make for a lucrative acquisition for the right buyer, who may be able to make a tidy profit from the acquisition due to its strong financials and increasing market share. Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

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Key Ratios Snapshot

Some of the financial key ratios for Ht&e Limited are shown below. More…

Analysis

GoodWhale conducted an analysis of HT&E LIMITED‘s wellbeing, and the findings showed that the company has been classified as a ‘rhino’ according to Star Chart, which means that it achieved moderate, rather than stellar, revenue or earnings growth. Looking at the company’s operations, HT&E LIMITED is strong in profitability, medium in dividend and weak in asset and growth. In terms of financial health, the company scored highly with a 7/10 rating. This indicates that HT&E LIMITED is capable of withstanding any crisis without going bankrupt, as long as it monitors its cash flow and debt levels. The strength of HT&E LIMITED is likely to draw interest from investors looking to purchase stocks in a well-performing company with mid-range growth. Investors should be aware that HT&E LIMITED has not been able to demonstrate stellar growth, but it is well-placed financially and could be a good future investment for those who recognize this. More…

Peers

The competition between HT&E Ltd and its competitors – Television Broadcasts Ltd, Stingray Group Inc, Digital Network SA – is intense, as each company strives to provide the best services in the industry. All four companies have a range of offerings, from traditional media to digital networks, which are constantly being adapted and improved in order to stay ahead of the competition. As such, the rivalry between them is strong and ongoing.

– Television Broadcasts Ltd ($SEHK:00511)

Television Broadcasts Ltd (TVB) is a television broadcasting company based in Hong Kong. The company was established in 1967 and is one of the largest television broadcasters in the world. As of 2023, TVB has a market capitalization of 1.66 billion and a Return on Equity of -9.3%. The market cap of TVB reflects the company’s profitability and ability to generate value for its shareholders. The negative ROE indicates that the company has been struggling to generate profits from its operations. Despite this, TVB still remains one of the leading television broadcasters in the world.

– Stingray Group Inc ($TSX:RAY.A)

Stingray Group Inc is a Canadian media and business services company. It operates in the music, media, and technology sectors, providing music and video services to various businesses. The company has a market cap of 414.42 million as of 2023 and a return on equity of 12.72%. This market cap indicates that the company is well established and is of significant size. Its return on equity is also impressive, indicating that the company is not only able to generate profits but also able to effectively reinvest them in order to grow the business.

– Digital Network SA ($LTS:0Q42)

Digital Network SA is a high tech company based in Switzerland that specializes in the development of innovative software solutions for the telecommunications industry. The company has a market cap of 9.88M as of 2023, making it a mid-sized company in terms of size. Furthermore, Digital Network SA has a Return on Equity (ROE) of 25.1%, which demonstrates the company’s ability to generate profits from its investments. This indicates that the company is an attractive investment option for investors looking to diversify their portfolio and benefit from the growth of the telecommunications industry.

Summary

HT&E LIMITED (formerly known as APN News & Media Limited) is an Australian public media and entertainment company which primarily operates radio, outdoor advertising and digital media businesses. The company has recently announced that it is ready to be acquired by KIIS FM, one of its major radio businesses. All in all, HT&E LIMITED appears to be a solid long-term investment option, offering steady returns with a low risk profile.