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Seven West Media downgrades earnings

Newly created Seven West Media has downgraded its earnings forecast for the current financial year by as much as 3 per cent, warning of shortfalls in publishing contributions due to a softer-than-expected advertising market.

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Perth
It's not that long ago that WAN shares were well over $6. Then WAN buys the Seven Network and the shares drop to just over $4 and will probably continue to fall. Who's the winner from this - certainly not the small WAN shareholders. And the winner - could it possibly be Kerry Stokes and his Seven cronies who engineers this situation to their own advantage?

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 29/06/18

1 year TSR5 year TSR
162ndSeven Group Holdings79%29%
345thSeven West Media21%-9%
420thAustal4%22%
538thAutomotive Holdings Group-10%3%
543rdRCR Tomlinson-11%8%
722 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

20/08/15
$25k Bought
23/06/15
$1.1m Other
23/06/15
$1.1m Other
Total value as at the date of the transaction
Source: Morningstar

Revenue

2nd-Automotive Holdings Group$6,079.6m
3rd-Seven Group Holdings$2,340.3m
4th-Seven West Media$1,679.0m
5th↑Austal$1,325.3m
6th↑RCR Tomlinson$1,294.6m
239 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Seven West Media

105thWarwick Lynch$724k
148thBridget Fair$610k
250thMelanie Allibon$439k
Ranked by total remuneration from all listed WA companies

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