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An update from Southern Cross Media Group Limited ( (AU:SXL) ) is now available.
Southern Cross Media Group Limited has received a request from Sandon Capital Pty Ltd to vary final orders that restrict ARN Media Limited from voting a portion of SCA shares. Sandon Capital intends to propose resolutions to remove certain directors at the next general meeting and seeks permission for the relevant shares to be voted on these resolutions, potentially impacting the company’s governance and shareholder dynamics.
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, primarily focusing on radio broadcasting and media services. The company is listed on the Australian Securities Exchange under the ticker SXL.
Average Trading Volume: 292,197
Technical Sentiment Signal: Sell
Current Market Cap: A$182.3M
For an in-depth examination of SXL stock, go to TipRanks’ Stock Analysis page.