Television revenue fell to $403 million compared with $422.3 million a year ago, while radio revenue fell to $38.4 million compared with $39.3 million in the same quarter last year. Over the years, his market insights have been quoted in publications such as the AFR, SMH and the Australian, and he has appeared on business TV programs including Bloomberg, CNBC, Fox Business and the ABC. By clicking this button, you agree to our Terms of Service and Privacy Policy. Join our flagship membership service, Share Advisor. Financial Services Guide | Our latest articles and strategies for the post-work life you want. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe at anytime. Chorus Aviation Inc (CHR-T) September 27, 2016 This is fairly high risk and high reward. Meanwhile, in challenging market conditions, statutory earnings before interest, tax, depreciation and amortisation (EBITDA) fell 1% to $39.3 million. Vote “Underperform” if you believe CJR will underperform the S&P 500 over the long term. With the S&P/ASX 200 Index (INDEXASX: XJO) dropping lower again today, here are two ASX 200 shares that are seeing particularly strong gains. We changed the address of the Stockhouse website from to The company's B shares fell 18.4 per cent or $1.15 to close at $5.10 i on the Toronto Stock Exchange. By Julia Horowitz, CNN Business. Overall, the financial set of numbers, while not appearing particularly strong on the surface, has seemingly exceeded market expectations. The Motley Fool Australia operates under AFSL 400691. Listen to Our Podcast The company has been accelerating the development of new product ranges across its spreads, snacking, and dairy portfolio. Revenue in what was the company's third quarter totalled $441.4 million, down from $461.6 million in the same quarter last year. In this FREE STOCK REPORT, Scott Phillips just revealed what he believes are the 3 ASX stocks for the post COVID world that investors should buy right now while they still can. © 2009 - 2020 The Motley Fool Australia Pty Ltd. All rights reserved. 12 Stocks To Buy in 2020 (Including 2 Every Investor Should Own), Everything You Need to Know About Tech Investing, The Beginner’s Guide to Investing in Gold. I believe this, in particular, has led to Chorus exceeding market expectations which has sparked a strong share price rally ever since. You can do it. Closed Captioning and Described Video is available for many CBC shows offered on CBC Gem. While these results may not have appeared impressive on the surface, Chorus’ relatively strong performance in rolling out its ultra-fast broadband (UFB) network gave the company the confidence to increase its FY20 guidance. Let’s take a look at why each of these companies is moving higher today. Chorus reported relatively flat revenue and earnings growth for the first half of FY20. The reduction in the dividend came as Corus says the loss amounted to $4.49 per share for the quarter ended May 31 compared with a profit of $66.7 million or 33 cents per share a year ago. Corus said Wednesday it will start paying a quarterly dividend of six cents per class B share starting in September compared with its current dividend which is a monthly payment to shareholders of 9.5 cents per class B share. The Motley Fool Australia does not guarantee the performance of, or returns on any investment. This price surge appears to be very much linked to the release of Chorus’ half-year earnings which occurred right when the rally started. Corus Entertainment Inc. shares were near their all-time lows Wednesday after the company announced a $935.9 million loss tied mostly to a devaluation of its broadcast licences and slashed its dividend to accelerate debt reduction. You may vote once every thirty days. This industry-wide trend was particularly evident in Northern Victoria. The Chorus share price has risen by 3.99% so far today to be currently trading at $7.04 at the time of writing. MarketBeat's community ratings are surveys of what our community members think about Corus Entertainment and other stocks. The Toronto-based television, radio and production company said the loss included a $1.01-billion non-cash impairment charge related to its radio broadcast licences and goodwill, an intangible asset related to acquisitions. Previous Next . The company highlighted that its earnings had been impacted by an industry-wide reduction in milk supply and margins. Authorised by Scott Phillips. Motley Fool contributor Phil Harpur has no position in any of the stocks mentioned. These stocks are trading at dirt-cheap prices and Scott thinks these could really go gangbusters as we move into ‘the new normal’. Our Top 5 Stocks for Investors 50 or Older – NOW AVAILABLE! Box 500 Station A Toronto, ON Canada, M5W 1E6. 0.0 Dividend Strength.

Hear our experts take on shares, the market & how to invest. Each company boasts strong growth prospects over the next 3 to 5 years, and most importantly each pays a generous (and fully franked) dividend! Past performance is not necessarily indicative of future returns. Corus stock falls more than 18% after $935.9M quarterly loss, dividend cut. Hint: It involves Jerome Powell. Updated 8:04 AM ET, Thu September 17, 2020 . Bega has maintained its full-year FY20 guidance of normalised EBITDA in the range of $95 million to $105 million. The Motley Fool has a disclosure policy. Stocks fell sharply on Monday as coronavirus infections jumped and negotiations for a fiscal stimulus package before the election stalled once … Learn about investing with our Investing Education hub. Show full opinion Hide full opinion. These impressive share price gains in a highly turbulent market appear to be driven by Bega’s half-year results which were released to the market on Monday. Meanwhile, since the start of last week, Chorus shares have risen by a very impressive 15.79%.

The reduced dividend will divert about $150 million per year to reducing Corus debt — a move that management said would give it more financial flexibility in the long-term. Corus chief executive Doug Murphy told analysts that the company has a long-term strategy for rebuilding its business in turbulent times, amid intense competition, changing technologies and an uncertain regulatory landscape. Vote “Outperform” if you believe CJR will outperform the S&P 500 over the long term. Pleasingly for shareholders, Bega’s international branded food business has continued its solid sales growth with strong demand for Australian dairy products, particularly in Asia. The Complete Guide to Planning For Your Retirement, Setting up an SMSF: 10 Things You Need to Know Before Starting, 3 easy steps to building your ASX share portfolio for an early retirement, 4 tips on how to pick winning stocks for your retirement share portfolio, This is the best asset to own to start saving for your early retirement, Commonwealth Bank of Australia (ASX: CBA), Flight Centre Travel Group Ltd (ASX: FLT), Vanguard Australian Shares Index (ASX: VAS), half-year results which were released to the market on Monday, Why I’d buy Wesfarmers and 1 other quality ASX dividend right now, Elixinol share price edges higher on half year earnings release, 2 top ASX tech shares to buy and hold beyond 2025. You get a good yield, but it is more of a yield trap than a safe income stream that you can bet on. Subscription Terms of Service, ACN: 146 988 052 | Australian Financial Services Licence (AFSL): 400691, The Motley Fool Australia, PO Box 4635, Ashmore, Qld 4214. When this page refreshes you will be logged in with the new address.

Privacy Policy | With this, management lifted full-year EBITDA guidance to a new range of NZ$640 million to NZ$655 million, up from the previously guided NZ$625 million to NZ$645 million. Analysts on average had expected a profit of 36 cents per share, according to Thomson Reuters Eikon. Investment news, stock ideas, and more, straight to your inbox. Fastly News: Why FSLY Stock Is Falling 28% Today FSLY lowered revenue guidance for Q3 By William White , InvestorPlace Writer Oct 15, 2020, 10:09 am EDT October 15, 2020 With the S&P/ASX 200 Index (INDEXASX: XJO) dropping lower again today, here are two ASX 200 shares that are seeing particularly strong gains. For a limited time, The Motley Fool Australia is giving away an urgent new investment report outlining our 5 favourite stocks for investors over 50. In his spare time, Phil likes to chill out listening to his favourite jazz artist or hanging out at the beach. He has post-graduate qualifications in Applied Finance and Investment from the Securities Institute of Australia. In this FREE STOCK REPORT, Scott just revealed what he believes are the 3 ASX stocks for the post COVID world that investors should buy right now while they still can.

Today’s rise comes on the back of some impressive gains yesterday which saw Bega shares close 6.48% higher. The stock has had a real move upwards, but the growth trajectory from this point forward is going to be challenged. "Development of our long-term plans began long before this quarter, more than three years ago in fact.". Motley Fool Australia » Share Market News » Why Bega Cheese and Chorus shares are soaring higher today, Phil Harpur | March 4, 2020 4:26pm | More on: BGA CNU ASX 200. Excluding those and other expense items, Corus would have had a profit in the three months ended May 31. Please note that the Stockhouse website uses JavaScript in many places to provide a richer user experience accross multiple devices. Get Started Investing Win at Retirement The Motley Fool Australia has no position in any of the stocks mentioned. "While our immediate focus will be on debt reduction payments, we will continue to make prudent investments that support our strategic priorities to ensure our company remains vital for the long term," Murphy said. This Service provides only general, and not personalised financial advice, and has not taken your personal circumstances into account. When investing expert Scott Phillips has a stock tip, it can pay to listen. This article contains general investment advice only (under AFSL 400691). The Bega Cheese share price is up by 5.62% today to be currently trading at $4.51 at the time of writing. Terms of Service | Bega reported revenue of $741.2 million in the half, up 14% on 1H19, as the Bega Cheese segment performed particularly well. It is a priority for CBC to create a website that is accessible to all Canadians including people with visual, hearing, motor and cognitive challenges. Corus stock falls more than 18% after $935.9M quarterly loss, dividend cut, CBC's Journalistic Standards and Practices. Besides holders of Corus publicly traded non-voting shares, the dividend cut will affect members of the founding Shaw family, which controls both the media company and Shaw Communications Inc. through their voting stock. Please refer to our Financial Services Guide (FSG) for more information. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Corus Entertainment, Inc. - Class B stock and Media - Diversified market discussion, news, and analysis from Canada's largest community of active investors After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*. Phil is passionate about the share market and investing. For more information please see our Financial Services Guide. Sign Up for Take Stock Find the investing style that's right for you. Earlier, they had touched an intraday low of $4.96, falling to their lowest levels in nearly 19 years as a public company. If you browse our website with JavaScript disabled there are many features of the website that will not function as designed or Impairment charges generally reflect the future earning power of a business's assets.


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