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Mid-Cap

APN News and Media, and SKYCITY Entertainment Group are dipping

May 23, 2016 | Team Kalkine
APN News and Media, and SKYCITY Entertainment Group are dipping

APN News and Media Ltd


APN Details
  • Higher valuations: APN News and Media Ltd (ASX: APN) fell over 3.6% on May 20, 2016 even though there is no specific update from the group. On the other hand, APN stock surged over 51.16% in just last three months driven by capital raising efforts and demerging of its NZME business.
  • Recommendation: Trading at unreasonable valuations, we believe that the stock could correct further in the coming months and hence give an “Expensive” recommendation at the current price of $0.6775
 
SKYCITY Entertainment Group Ltd


SKC Details
  • Management changes: SKYCITY Entertainment Group Ltd (ASX: SKC) stock lost over 1.8% on May 20, 2016 as they reported that David Christian would replace Callum Mallett as General Manager for SKYCITY Darwin, subject to certain regulatory approvals. The company has recently issued new shares to some institutional shareholders and other institutional investors.
  • Recommendation: We believe that the stock is “Expensive” at the current price of $4.37


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The information given by Kalkine Pty Ltd ABN34 154 808 312 (Australian Financial Services License Number 425376) on this website is general information or advice only.

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