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Sandon Capital Increases Stake in Southern Cross Media

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Sandon Capital Increases Stake in Southern Cross Media

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An update from Southern Cross Media Group Limited ( (AU:SXL) ) is now available.

Sandon Capital Pty Ltd, a substantial holder in Southern Cross Media Group Limited, has increased its voting power from 5.1% to 6.1% through on-market purchases. This change in shareholding indicates Sandon Capital’s growing influence in the company, which could impact its strategic decisions and potentially affect other stakeholders.

The most recent analyst rating on (AU:SXL) stock is a Sell with a A$0.50 price target. To see the full list of analyst forecasts on Southern Cross Media Group Limited stock, see the AU:SXL Stock Forecast page.

More about Southern Cross Media Group Limited

Southern Cross Media Group Limited operates in the media industry, focusing primarily on radio and television broadcasting services across Australia. The company is known for its extensive network of radio stations and television channels, catering to a diverse audience with a variety of content offerings.

Average Trading Volume: 264,089

Technical Sentiment Signal: Sell

Current Market Cap: A$155.9M

See more data about SXL stock on TipRanks’ Stock Analysis page.

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