Southern Cross Media Files Appendix 3B for Proposed Securities Issue

The latest update is out from Southern Cross Media Group Limited ( (AU:SXL) ).

Southern Cross Media Group Limited has lodged an Appendix 3B with the ASX outlining a proposed issue of securities under Listing Rule 3.10.3, signalling its intention to have the new securities, and any associated rights, quoted on the exchange. While the filing is largely procedural and does not specify size or terms of the issue, it confirms the company’s formal step toward raising new equity or restructuring its capital base, a move that may influence its funding flexibility and capital structure once further details are provided.

The most recent analyst rating on (AU:SXL) stock is a Hold with a A$0.79 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 (ASX: SXL) is an Australian-listed media company operating in the broadcasting and media sector. The group’s activities typically span radio, audio and related media services across Australian markets, targeting both national advertisers and local audiences through its network of stations and content platforms.

YTD Price Performance: 40.98%

Average Trading Volume: 701,336

Technical Sentiment Signal: Buy

Current Market Cap: A$193.1M

For a thorough assessment of SXL stock, go to TipRanks’ Stock Analysis page.