APN Outdoor: IPO forecasts upgraded
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The outdoor media sector has continued its strong momentum in recent months with YTD revenue up 17.1% versus the prior corresponding period. Late in October, APN Outdoor (APO) upgraded its prospectus forecasts for a second time following its upgrade at the half-year result in August. The company’s pro forma EBITDA is now forecast to be between $68.0m and $69.5m for CY15, well ahead of the forecast it issued at its IPO in November 2014 ($53.7m). We have been extremely bullish on the out-of-home advertising space over the past 12 months and own all three ASX-listed players, namely APO, OML and QMS. (VIEW LINK)
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Robert was appointed Head of Investments in 2009 and has been a Portfolio Manager since joining OC Funds Management in 2001. Robert is also an Executive Director of parent company, Copia Investment Partners.
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Robert was appointed Head of Investments in 2009 and has been a Portfolio Manager since joining OC Funds Management in 2001. Robert is also an Executive Director of parent company, Copia Investment Partners.
Expertise
Robert was appointed Head of Investments in 2009 and has been a Portfolio Manager since joining OC Funds Management in 2001. Robert is also an Executive Director of parent company, Copia Investment Partners.
Expertise
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