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Southern Cross Media Group Limited ( (AU:SXL) ) has provided an announcement.
Southern Cross Media Group Limited has experienced a change in the substantial holding by Sandon Capital Pty Ltd, which now holds an 8.1% voting power in the company, up from 6.1%. This change, resulting from on-market purchases, indicates a strategic move by Sandon Capital to increase its influence within the company, potentially impacting its future governance and strategic direction.
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
Average Trading Volume: 262,102
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$153.5M
For a thorough assessment of SXL stock, go to TipRanks’ Stock Analysis page.