Nine Entertainment Co. Holdings Ltd (nec) Logo

Nine Entertainment Co. Holdings Ltd (NEC)

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NEC Chart

NEC's Principal Activity is the television broadcasting and program production; Ticketing, promotion and event planning; and Digital, internet, subscription television, and other media sectors.

Share Price Activity

Last (Price)
Change 0.00 (0.00)
Bid / Ask -
Volume
Volume (4w avg)
Turnover
Open
Day Range -
VWAP
Prev Close
Last Trade

Performance

1 Week
1 Month
2021 YTD
1 Year
vs Sector (1yr) +122.98%
vs ASX 200 (1yr) +121.76%

Size

Market Capitalisation
ASX Rank 103 of 2,237
Sector Rank 4 of 61

Key Information

Shares Issued
Sector Communication Services
Similar Companies CAR / DHG / EVT
EPS -$0.291
DPS $0.07
NTA per share -$0.38

Broker Consensus

Breakdown 9 Buy · 1 Hold · 1 Sell
Recommendation Strong Buy
Last Updated 15/03/21

Announcements

Date Heading Pages File Size Time

Company Overview

Nine Entertainment Co. Holdings Limited (NEC) is an Australian and media entertainment company with investments spanning television, video on demand, print, digital, and radio. Nine's assets include the Nine Network, major mastheads such as The Sydney Morning Herald, The Age and Australian Financial Review, digital properties such as nine.com.au, 9Honey, Pedestrian.TV, and CarAdvice, subscription video platform Stan, talk-back radio and majority investments in Domain and Future Women.

Incorporation Details

No incorporation details available.

Corporate Details

Head Office North Sydney NSW 2060
Website www.nineforbrands.com.au
Registry Link Market Services
Auditor Ernst & Young
Date Listed 6 Dec 2013

Upcoming Calendar

Date Event
20/04/2021 Div Pay Date
26/08/2021 Report (Prelim)
22/09/2021 Report (Annual)
23/02/2022 Report (Interim)

Dividend History

Ex-Date Amount Franking Gross Type Payable
04/03/2021 $0.05 100% $0.0714 Interim 20/04/2021
09/09/2020 $0.02 100% $0.0286 Final 20/10/2020
05/03/2020 $0.05 100% $0.0714 Interim 20/04/2020
26/09/2019 $0.05 100% $0.0714 Final 17/10/2019
05/03/2019 $0.05 100% $0.0714 Interim 18/04/2019
04/09/2018 $0.05 100% $0.0714 Final 17/10/2018
06/03/2018 $0.05 100% $0.0714 Interim 18/04/2018
04/09/2017 $0.05 100% $0.0714 Final 19/10/2017
07/03/2017 $0.045 100% $0.0643 Interim 19/04/2017
05/09/2016 $0.04 100% $0.0571 Final 19/10/2016
02/03/2016 $0.08 100% $0.1143 Interim 19/04/2016
14/09/2015 $0.05 100% $0.0714 Final 19/10/2015
06/03/2015 $0.042 0% $0.042 Interim 17/04/2015
03/09/2014 $0.042 0% $0.042 Final 17/10/2014

See Upcoming Dividends for all ASX companies.

Key Data
DPS(TTM) $0.07
Gross DPS(TTM) $0.10
Dividend yield
Gross yield
Payout Ratio 64%
DRP No
DRP Features --

Directors & Management

Directors & Management

Name Title Since Bio
Mr Andrew Lancaster Non-Executive Director Apr 2021 Director Bio icon

Mr Andrew Lancaster

Non-Executive Director

Mr Lancaster has working experience in both television and radio in Australia, particularly in regional markets. Andrew is currently Chief Executive Officer of private investment company Birketu Pty Ltd as well as WIN Corporation, Australia's regional broadcaster. He has managed WIN's operations for more than ten years and was involved in Nine's recent affiliation agreement with WIN.

Mr Mike Sneesby Chief Executive Officer,Managing Director Apr 2021 Director Bio icon

Mr Mike Sneesby

Chief Executive Officer,Managing Director

Mr Sneesby is an experienced media executive with local and international experience. Mike spent his earlier career in leadership and consulting positions gaining experience in digital media, technology and telecommunications in Australia, Asia and the USA. He has been the CEO of Stan Entertainment since its inception. Mike was formerly the CEO of the Microsoft/Nine Entertainment e-commerce joint venture, Cudo, up until its sale in 2013. Prior to that, Mike set up the invision IPTV service in Dubai as Vice President of IPTV for the Saudi Telecom/Astra Malaysia joint venture lntigral. Before joining lntigral, he headed Corporate Strategy and Business Development at ninemsn where he led the company's corporate strategy function and established a portfolio of digital media businesses including the startup of MSN New Zealand and management of the EPG and listings business HWW. Prior to ninemsn, Mike led a company-wide program for Optus rolling out and launching their national ADSL broadband network.

Mr Nicholas (Nick) Graham Falloon Non-Executive Director Dec 2018 Director Bio icon

Mr Nicholas (Nick) Graham Falloon

Non-Executive Director

Mr Falloon is also chairman of Domain Holdings Australia (since November 2017). Mr Falloon has had 30 years' experience in the media industry, 19 years working for the Packer-owned media interests from 1982 until 2001. Mr Falloon served as CEO of Publishing and Broadcasting Limited (PBL) from 1998 to 2001 and before that as Chief Executive Officer of PBL Enterprises and Group Financial Director of PBL. From 2002, Mr Falloon spent nine years as Executive Chairman and CEO of Ten Network Holdings.

Ms Mickie Rosen Non-Executive Director Dec 2018 Director Bio icon

Ms Mickie Rosen

Non-Executive Director

Ms Rosen has nearly three decades of strategy, operating, advisory, and investment experience at the intersection of media and technology. She has built and led businesses for brands such as Yahoo, Fox, and Disney, and early stage start-ups such as Fandango and Hulu. Ms Rosen currently serves on public, private, and non-profit boards, and she advises to companies in digital media and commerce. Until recently, she served on the board of Pandora Media, and was the President of Tribune Interactive. Ms Rosen has also served as a Senior Advisor to the Boston Consulting Group and was a co-founder and partner of Whisper Advisors. Prior, Ms Rosen served as Senior Vice President of Global Media & Commerce for Yahoo, where she led Yahoo's media division worldwide. Prior to Yahoo, she was a partner with Fuse Capital. She was also an executive with Fox Interactive Media, Fandango, and The Walt Disney Company.

Ms Samantha (Sam) Lewis Non-Executive Director Mar 2017 Director Bio icon

Ms Samantha (Sam) Lewis

Non-Executive Director

Mr Lewis has experience in accounting, finance, auditing, risk management, corporate governance, capital markets and due diligence. Ms Lewis has been a non-executive director since 2014, and in addition to Nine Entertainment and is also the Chair of the Audit Committee of the Australian Prudential Regulatory Authority. Prior to becoming a non-executive director, Ms Lewis spent 20 years at Deloitte Touche Tohmatsu including 14 years as a Partner. In that role, she led the audit of a number of Australian listed companies, in the retail/FMCG and industrial sectors. During her time at Deloitte, Ms Lewis also provided accounting advice and transactional advisory services, including due diligence, IPOs and debt/equity raising. He is Member of Risk Management Committee and People Committee.

Ms Catherine Jane West Non-Executive Director May 2016 Director Bio icon

Ms Catherine Jane West

Non-Executive Director

Ms West has more than 20 years of business and legal affairs experience in the media industry, both in Australia and the UK. Her most recent executive role was Director of Legal- Content Commercial and Joint Ventures for Sky Plc in the UK. In this role, Ms West was responsible for all of Sky's content relationships, distribution, commercial activities and joint ventures. She is a consultant to media companies internationally and to the healthcare sector. Ms West is Vice President of the Sydney Breast Cancer Foundation at Chris O'Brien Lifehouse, a director of the NIDA Foundation Trust and a Governor of Wenona School. She is Chair of People Committee and Member of Risk Committee.

Ms Rachel Launders General Counsel,Company Secretary Feb 2015
Mr Peter Howard Costello Non-Executive Director,Non-Executive Chairman Feb 2013 Director Bio icon

Mr Peter Howard Costello

Non-Executive Director,Non-Executive Chairman

Mr Costello is currently Chairman of the Board of Guardians of Australia's Future Fund and serves on a number of advisory boards. Mr Costello was a member of the Australian House of Representatives from 1990 to 2009 and was Treasurer of the Commonwealth of Australia from March 1996 to December 2007. From 2009, Mr Costello has worked as a corporate adviser in the fields of mergers, acquisitions and foreign investment. He is Member of Risk Management Committee.

Paul Koppelman Chief Financial Officer N/A
Michael Stephenson Chief Sales Officer N/A

Director Transactions

NEC directors must report any change in shareholding to the ASX within 5 business days.

See Director Transactions for all ASX companies.

Date Director Type Amount Price Value Notes
22/02/21 Hugh Marks Issued 1,448,144 $2.68 $3,881,025 Issue of securities
31/08/20 Catherine West Buy +60,000 $1.657 $99,436 On-market trade
31/08/20 Hugh Marks Transfer 217,853 $1.66 $361,635 Off-market transfer
31/08/20 Hugh Marks Transfer 217,853 $1.66 $361,635 Off-market transfer
31/08/20 Hugh Marks Expiry 604,110 $1.66 $1,002,822 As advised by the company
31/08/20 Hugh Marks Exercise 354,794 $1.66 $588,958 Conversion of securities
31/08/20 Hugh Marks Buy +354,794 $1.66 $588,958 Conversion of securities
21/04/20 Hugh Marks Transfer 216,216 $1.165 $251,891 Off-market transfer
10/03/20 Mickie Rosen Buy +60,000 $1.344 $80,652 On-market trade
10/03/20 Mickie Rosen Buy +60,000 $1.344 $80,651 On-market trade
04/12/19 Mickie Rosen Buy +20,000 $1.75 $35,000 On-market trade
19/11/19 Samantha (Sam) Lewis Buy +20,000 $1.70 $33,999 On-market trade
06/09/19 Hugh Marks Sell +100,000 $2.00 ($200,000) On-market trade
06/09/19 Hugh Marks Exercise 1,372,549 $2.01 $2,758,823 Conversion of securities
05/09/19 Hugh Marks Sell +200,000 $1.991 ($398,148) On-market trade
04/09/19 Hugh Marks Sell +100,000 $1.951 ($195,056) On-market trade
03/09/19 Hugh Marks Sell +100,000 $1.98 ($198,000) On-market trade
02/09/19 Hugh Marks Sell +200,000 $1.985 ($396,939) On-market trade
02/09/19 Hugh Marks Buy +417,013 $1.98 $825,686 Conversion of securities
02/09/19 Hugh Marks Exercise 1,372,549 $1.98 $2,717,647 Conversion of securities
02/09/19 Hugh Marks Buy +955,536 $1.98 $1,891,961 Conversion of securities
26/11/18 Hugh Marks Issued 584,795 $1.70 $994,152 Issue of securities
15/10/18 Hugh Marks Buy +54,884 $1.82 $99,889 On-market trade
28/08/18 Hugh Marks Buy +886,607 $2.39 $2,118,991 Conversion of securities
28/08/18 Hugh Marks Expiry 200,259 $2.30 $460,596 As advised by the company
28/08/18 Hugh Marks Exercise 705,890 $2.30 $1,623,547 Conversion of securities
02/05/18 Janette Kendall Buy +10,000 $2.44 $24,400 On-market trade

Director Interests

The current holdings of NEC directors.

Director Last Notice Direct Shares Indirect Shares Options Convertibles
Mike Sneesby 01/04/2021 N/A 81,083 N/A N/A
Andrew Lancaster 01/04/2021 0 N/A N/A N/A
Catherine West 31/08/2020 N/A 100,000 N/A N/A
Mickie Rosen 30/06/2020 80,000 N/A N/A N/A
Samantha (Sam) Lewis 30/06/2020 N/A 60,000 N/A N/A
Peter Costello 30/06/2020 N/A 301,786 N/A N/A
Nicholas (Nick) Falloon 30/06/2020 51,142 345,080 N/A N/A

Shareholder Info

Top 20 Shareholders About the Data

Data supplied by Morningstar and accurate on Sep 8, 2020.

It's not possible to publish a real-time Top 20 Shareholder list. Companies are not obliged to report this data (with the exception of Substantial Shareholders above 5%). If a company chooses to publish the data, it's usually once a year in their Annual Report.

All data is manually compiled so there might be a delay between the Annual Report being published and the data appearing on Market Index (<7 days for ASX 300 and up to 30 days for micro-caps).

Name Shares Capital
HSBC Custody Nominees (Australia) Limited 538,261,094 31.56%
JP Morgan Nominees Australia Pty Limited 261,401,038 15.33%
Birketu Ptv Ltd 254,760,442 14.94%
Citicorp Nominees Pty Limited 190,770,931 11.19%
National Nominees Limited 114,133,941 6.69%
BNP Paribas Noms Pty Ltd 28,234,477 1.66%
Cs Third Nominees Pty Limited 20,638,182 1.21%
BNP Paribas Nominees Pty Ltd 19,774,653 1.16%
Citicorp Nominees Pty Limited (I) 10,943,554 0.64%
Bond Street Custodians Limited 8,535,447 0.50%
Powerwrap Limited 7,959,651 0.17%
Navigator Australia Ltd 7,737,291 0.45%
HSBC Custody Nominees (Australia) Limited (II) 7,661,599 0.16%
UBS Nominees Pty Ltd 6,954,181 0.41%
HSBC Custody Nominees (Australia) Limited A/C 2 5,271,349 0.31%
Pacific Custodians Pty Limited 5,240,911 0.31%
HSBC Custody Nominees (Australia) Limited Gsco Eca 5,038,615 0.30%
UBS Nominees Pty Ltd (I) 4,197,824 0.25%
Cs Fourth Nominees Pty Limited 3,839,366 0.23%
HSBC Custody Nominees (Australia) Limited (I) 2,745,664 0.16%

Shareholder Distribution

As reported in the most recent Annual Report.

Holding Size 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001+ Total
No. of Shareholders 8,617 9,232 3,151 3,766 216 24,982

Substantial Shareholders

A substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company. Shares can be held through multiple entities, so the Substantial Shareholders list differs from the Top 20 Shareholders list.

Shareholding changes less than 1% do not require notification to the market. When all “Last Notice” dates are identical, it suggests that no (or minimal) change has occurred since the most recent Annual Report.

Name Last Notice Total Shares Shares Held (%)
Mr Bruce Gordon, Birketu Pty Ltd, WIN Corporation Pty Ltd and its associates 08/09/2020 254,760,442 14.94
BT Investment Management Limited 08/09/2020 151,262,076 8.87
FIL Limited and the entities 21/01/2021 85,522,155 5.01

Shareholders Buying

12 month transaction history compiled from ASX announcements.

Date Name Bought Previous % New %
21-01-21 FIL Limited and the entities 85,522,155 -- 5.01
08-01-21 National Australia Bank Limited and its associated entities 85,321,459 -- 5.00
18-11-20 National Australia Bank Limited and its associated entities 85,814,614 -- 5.03
11-09-20 National Australia Bank Limited and its associated entities 86,348,978 -- 5.06
03-09-20 National Australia Bank Limited and its associated entities 85,483,498 -- 5.01
03-09-20 BT Investment Management Limited 23,431,751 7.50 8.87
15-07-20 National Australia Bank Limited and its associated entities 86,338,236 -- 5.06
25-06-20 National Australia Bank Limited and its associated entities 85,452,639 -- 5.01

Shareholders Selling

12 month transaction history compiled from ASX announcements.

Date Name Sold Previous % New %
19-03-21 Legg Mason Inc. and each of its bodies corporate 87,968,542 5.16 --
12-03-21 Legg Mason Inc. and each of its bodies corporate 18,476,001 6.24 5.16
21-01-21 National Australia Bank Limited and its associated entities 85,321,459 5.00 --
20-11-20 National Australia Bank Limited and its associated entities 85,814,614 5.03 --
10-11-20 National Australia Bank Limited and its associated entities 86,348,978 5.06 --
04-11-20 FIL Limited and the entities 97,384,206 5.71 --
16-10-20 Legg Mason Inc. and each of its bodies corporate 18,606,072 7.33 6.24
09-09-20 National Australia Bank Limited and its associated entities 85,483,498 5.01 --
26-08-20 National Australia Bank Limited and its associated entities 86,338,236 5.06 --
31-07-20 Legg Mason Inc. and each of its bodies corporate 540,560 7.36 7.33
07-07-20 National Australia Bank Limited and its associated entities 85,452,639 5.01 --
22-06-20 National Australia Bank Limited and its associated entities 106,071,012 6.22 --

Historical Data

Share Price History

Date Close Change %Chg Open High Low Volume Turnover

Historical Data

Year Closing Price Last Trade
2020 $1.38 30 June
2019 $1.875 28 June
2018 $2.48 29 June
2017 $1.38 28 June
2016 $1.05 28 June
2015 $1.55 30 June
2014 $2.16 30 June
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