African Media Entertainment Limited. JSE: AME

Afrocentric shares

Background of African Media Entertainment Limited

  • African Media Entertainment or AME is a broadcast company listed in the Media and Entertainment sector of the Johannesburg Stock Exchange.
  • Africa Media was established in 1926 and houses subsidiaries like Algoa FM, United Stations, Radio Heads and OFM.

  • Algoa FM has been broadcasting in the Eastern Cape for over 27 years and in the so-called “Garden Route”, including Knysna, George and Mossel Bay since December 2011.The station is predominantly a music station, but includes many talk show features.

  • OFM has a broadcasting presence in the Free State, Northern Cape, Northern KwaZulu Natal and Southern Gauteng, making it the regional station with the largest footprint in South Africa.

  • United Stations is a specialist radio sales-house. It uses its distinctive method of marketing and selling radio to maximise the revenue streams of its clients, while delivering an excellent return on investment to advertisers.

  • Radio Heads is a holistic “radio solution”, offering holistic radio solutions. These include media planning and buying, creative strategy, copywriting as well as a complete editing suite, shaping a superior final product and user experience.

African Media Entertainment Limited Shares Growth Driver

  • African Media Entertainment’s share price will have been boosted by its subsidiaries who showed profits that amounted to R55,6 million. An improvement from 2015’s tally of R54,2 million.

  • The group acquired property, plant and equipment at a cost of R19,6 million a performance improvement from 2015’s R29 million, which improved its portfolio significantly.

  • A R5,5 million capital outlay was spent on the group’s property for Central Media in Bloemfontein, a marked improvement from recent history’s R19,6 million in 2015. This will be particularly pleasing for African Media Entertainment’s shares and African Media Entertainment’s share price as there was no major changes in the nature of or the policy relating to the use of property, plant and equipment in the group. This points to the lessening cost of its immovable assets and an increase in asset base and potential revenue for the JSE listed company

  • The group has seen a new commercial licence being awarded in the Eastern Cape. This license will see African Media Entertainment enjoy a live broadcast footprint covering Umthatha and Butterworth. This new licence will operate outside of Algoa FM’s current coverage area.

African Media Entertainment Limited Group Investor Tip

  • African Media Entertainment’s push to buy Cognition and Money Web is a sign of both the group’s financial strength and a sign of its ambitions of expansion. All this bodes well for African Media Entertainment’s shares and shareholders, and this translated to strong buy sentiments as its stock grows in value.

  • Data has put the group’s operations decrease in revenue at 3%. This amounts to R119,4 million, an improvement from 2015’s R123 million.

  • Comprehensive income increased by 1% to R21,8 million a decrease from 2015’s R21,6 million.

  • The comprehensive income attributable to equity holders of the parent company amounted to R18,4 million. A decrease from 2015’s R19,5 million with earnings per share also taking a hit at 229,8 cents climbing down from 2015’s 239,2 cents per share.

  • Headline earnings per share also went down from 239,2 cents in 2015 to 226,7 cents in 2016.

African Media Entertainment Limited Major Shareholders

  • Sector

    Media

  • Industry

    Media

  • Sub industry

How to buy African Media Entertainment Limited Group Shares

  • African Media Entertainment Limited : How to buy African Media Entertainment Limited Group Shares Online

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