{"id":62073,"date":"2014-10-17T05:08:44","date_gmt":"2014-10-17T09:08:44","guid":{"rendered":"http:\/\/countingpips.com\/?p=62073"},"modified":"2014-10-17T05:08:44","modified_gmt":"2014-10-17T09:08:44","slug":"why-the-ten-network-share-price-rose-today","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/10\/why-the-ten-network-share-price-rose-today\/","title":{"rendered":"Why the TEN Network Share Price Rose Today"},"content":{"rendered":"
October 17, 2014<\/div>
\r\n<\/div><\/div>

By MoneyMorning.com.au<\/u><\/a><\/p>\n

What Happened to the TEN Network Share Price?<\/h2>\n

TEN Network Holdings Ltd [ASX:TEN]<\/strong> is a news content and entertainment broadcaster. TEN, ELEVEN and ONE are the company\u2019s free-to-air channels. TEN Network also operates various online platforms like TENplay, which offers access to most content previously broadcast. <\/p>\n

Ten shares closed higher on Friday 2.50%<\/p>\n

Why Did This Happen to TEN Shares?<\/h2>\n

The market is still reacting to Wednesday\u2019s financial data. <\/p>\n

The 2014 financial year saw TEN announce its third consecutive loss. Net loss for year ending August was $168.3 million. Which is actually a 40% improvement on 2013\u2019s net loss of $285 million. <\/p>\n

Revenue declined 4.2% to $601.17 million. However this didn\u2019t shock the market as it fell within the prior guidance of 3.5\u20134.5%<\/p>

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

Net debt shrunk to $80.5 million. However, this is a result of job cuts and asset sales rather than prudent financial management. <\/p>\n

For the first time since 2011, the network experienced audience growth. <\/p>\n

What Now for TEN Network Holdings?<\/h2>\n

Overall, the share price is down 31% for the year. On Wednesday, the stock reached an all-time low of 18 cents. <\/p>\n

At one point today, TEN shares were down 1.50%. Bargain hunters helped the stock rally towards the close.<\/p>\n

This company has very few upsides at present. Ten have said they plan to cut costs a further 8% this year. And to increase revenue, they will increase the amount of advertiser funded television programs. <\/p>\n

A CIMB analyst said on Wednesday that \u2018Ten has limited financial capacity to affect a material turnaround without further capital.\u2019<\/p>\n

There are rumours that Providence Equity \u2014 a US private equity firm \u2014 could be interested in taking over TEN.<\/p>\n

With TEN shares trading at an all-time low, an international buyer could be the only hope for current shareholders.<\/p>\n

Shae Smith+<\/a>
\nEditor, Money Weekend<\/em><\/strong> <\/p>\n

Join Money Morning on Google+ <\/span><\/a><\/strong><\/p>\n

The post Why the TEN Network Share Price Rose Today<\/a> appeared first on Stock Market News, Finance and Investments | Money Morning Australia<\/a>.<\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n


\nBy MoneyMorning.com.au<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By MoneyMorning.com.au What Happened to the TEN Network Share Price? TEN Network Holdings Ltd [ASX:TEN] is a news content and entertainment broadcaster. TEN, ELEVEN and ONE are the company\u2019s free-to-air channels. TEN Network also operates various online platforms like TENplay, which offers access to most content previously broadcast. Ten shares closed higher on Friday 2.50% […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-62073","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/62073","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=62073"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/62073\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=62073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=62073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=62073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}