Media stocks hammered in FY24, unless you bought News Corp
The ASX200 rose by around 8% during the past financial year, however media stocks have taken a beating over the period, with a downfall in advertising and threats from technology companies just two of the reasons behind the crash.
Per the Fear and Greed podcast, the technology index is up 29% over the year, financial stocks jumped 23%, the consumer discretionary index was up nearly 20% and the REITs was up 17%.
But the media sector has tumbled over the last year, with major players like ARN, SCA, Nine, Seven, and Ooh!media all down significantly from their 12-month peaks. News Corp remains strong, up around 50% from its 12-month low.
Below is the ASX watch list of 15 media securities in alphabetical order.
On average, they have fallen 4.85% over the last month, and have underperformed the ASX 200 index in FY 2024 – except for News Corp.
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ARN Media Limited (ASX: A1N)
- Last Price: $0.625
- 52 Week Range: $0.620 – $1.110
- Change: The stock decreased from its high of $1.110 to $0.625, a decline of approximately 43.69%.
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Aspen Group (ASX: ASP)
- Last Price: $0.008
- 52 Week Range: $0.005 – $0.019
- Change: The stock decreased from its high of $0.019 to $0.008, a decline of approximately 57.89%.
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Domain Holdings Australia Limited (ASX: DHG)
- Last Price: $3.050
- 52 Week Range: $2.770 – $4.300
- Change: The stock decreased from its high of $4.300 to $3.050, a decline of approximately 29.07%.
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Enero Group Limited (ASX: EGG)
- Last Price: $1.235
- 52 Week Range: $1.170 – $1.920
- Change: The stock decreased from its high of $1.920 to $1.235, a decline of approximately 35.68%.
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IVE Group Limited (ASX: IGL)
- Last Price: $1.975
- 52 Week Range: $1.695 – $2.520
- Change: The stock decreased from its high of $2.520 to $1.975, a decline of approximately 21.63%.
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The Market Limited (ASX: MKT)
- Last Price: $0.170
- 52 Week Range: $0.140 – $0.325
- Change: The stock decreased from its high of $0.325 to $0.170, a decline of approximately 47.69%.
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Motio Ltd (ASX: MXO)
- Last Price: $0.018
- 52 Week Range: $0.015 – $0.047
- Change: The stock decreased from its high of $0.047 to $0.018, a decline of approximately 61.70%.
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Nine Entertainment Co. Holdings Limited (ASX: NEC)
- Last Price: $1.400
- 52 Week Range: $1.355 – $2.215
- Change: The stock decreased from its high of $2.215 to $1.400, a decline of approximately 36.79%.
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News Corporation (ASX: NWS)
- Last Price: $43.150
- 52 Week Range: $28.695 – $43.370
- Change: The stock increased from its low of $28.695 to $43.150, an increase of approximately 50.34%.
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Ooh!media Limited (ASX: OML)
- Last Price: $1.350
- 52 Week Range: $1.150 – $1.867
- Change: The stock decreased from its high of $1.867 to $1.350, a decline of approximately 27.71%.
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Pureprofile Ltd (ASX: PPL)
- Last Price: $0.021
- 52 Week Range: $0.016 – $0.033
- Change: The stock decreased from its high of $0.033 to $0.021, a decline of approximately 36.36%.
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Sports Entertainment Group Limited (ASX: SEG)
- Last Price: $0.280
- 52 Week Range: $0.170 – $0.285
- Change: The stock decreased from its high of $0.285 to $0.280, a decline of approximately 1.75%.
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Seven West Media Limited (ASX: SWM)
- Last Price: $0.185
- 52 Week Range: $0.170 – $0.410
- Change: The stock decreased from its high of $0.410 to $0.185, a decline of approximately 54.88%.
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Southern Cross Media Group Limited (ASX: SXL)
- Last Price: $0.610
- 52 Week Range: $0.582 – $1.075
- Change: The stock decreased from its high of $1.075 to $0.610, a decline of approximately 43.26%.
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Vinyl Group Ltd (ASX: VNL)
- Last Price: $0.100
- 52 Week Range: $0.042 – $0.178
- Change: The stock decreased from its high of $0.178 to $0.100, a decline of approximately 43.82%.
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