Nine Entertainment Co. Holdings Ltd (nec) Logo

Nine Entertainment Co. Holdings Ltd (NEC)

___:___ · Communication Services
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VOLUME
DIV YIELD
PE RATIO
1 YR RETURN
52 WEEK RANGE

NEC Chart

Snapshot

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) -6.84%
vs ASX 200 (1yr) +6.64%

Size

Market Capitalisation
ASX Rank 112 of 2,319
Sector Rank 7 of 91

Key Fundamentals

Shares Issued
Sector Communication Services
Similar Companies VOC / DHG / UWL
EPS $0.10
DPS $0.105
NTA per share -$0.38

Broker Consensus

Breakdown 11 Buy · 2 Hold · 0 Sell
Recommendation Strong Buy
Last Updated 04/10/21

Announcements

Date Heading Pages File Size Time

Corporate 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 (Forecasted)

Date Event
23/02/2022 Report (Interim)
24/08/2022 Report (Prelim)
21/09/2022 Report (Annual)

Dividend History

DPS and Yield calculations use the Pay Date.

Ex-Date Amount Franking Gross Type Payable
09/09/2021 $0.055 100% $0.0786 Final 20/10/2021
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) $0.105
Gross DPS(TTM) $0.15
Dividend yield
Gross yield
Payout Ratio 66%
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 is CEO of the WIN Corporation and Birketu Pty Ltd, Nine Entertainment Co's largest individual shareholder (so is not an independent director). After more than 27 years working in the media sector, Mr Lancaster has extensive experience in both metropolitan, and regional television and radio. He has a broad knowledge of strategic, structural, operational, financial and resource management as well as a proven history of driving strong revenue growth across all areas of these businesses. Mr Lancaster is currently a Director of Free TV Australia, Broadcast Transmission Services and NRL team St George Illawarra Dragons.

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

Mr Michael(Mike) Sneesby

Chief Executive Officer,Managing Director

Mr Sneesby is an experienced media executive with a depth of local and international experience. He was formerly the CEO of the Microsoft/Nine e-commerce joint venture, Cudo, up until its sale in 2013. Prior to that, Mr Sneesby 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 established a portfolio of high growth digital media businesses including the start-up of MSN New Zealand and management of the EPG and listings business HWW. Prior to ninemsn, Mr Sneesby led a company-wide program for Optus rolling out and launching their national ADSL broadband network. Mr Sneesby spent his earlier career in leadership and consulting positions gaining broad experience in digital media, technology and telecommunications in Australia, Asia and the USA.

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

Ms Lewis is a chartered accountant with 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, serves on the Boards of ASX-listed Orora Ltd (since March 2014) and Aurizon Holdings Ltd (since February 2015) and is also the Chair of the Audit and Risk Committee of the Australian Prudential Regulatory Authority. Prior to becoming a non-executive director, Ms Lewis spent 20 years at Deloitte including 14 years as a Partner. In that role, she led the audit of a number of major 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. Ms Lewis holds a Bachelor of Arts, Economics from the University of Liverpool. She is Chair of the Risk Management committee and a member of the 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 25 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. Ms West has been a non-executive director since 2016 and in addition to Nine serves on the Boards of ASX listed Monash IVF group (since September 2020), Peter Warren Automotive (since April 2021) and the Endeavour Group (since June 2021). Ms West is Vice President of the Sydney Breast Cancer Foundation at Chris O'Brien Lifehouse, a director of NIDA and the NIDA Foundation Trust and a Governor of Wenona School. She is a consultant to media companies internationally and to the healthcare sector. She is Cahir of the People and a member of the Risk Management 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 was appointed to the Board in February 2013 as an independent, Non-Executive Director and in March 2016 became Chairman of the Boar. Mr Costello is currently Chairman of the Board of Guardians of Australia;s Future Fund and serves on a number of domestic and international advisory boards. He commenced his career as a solicitor and then a barrister. 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 a member of the Risk management committee.

Maria Phillip 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
31/08/21 Michael(Mike) Sneesby Buy +46,689 $2.783 $129,935 As advised by the company
27/08/21 Andrew Lancaster Buy +20,000 $2.695 $53,895 On-market trade
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
07/05/20 Nicholas (Nick) Falloon Issued 31,105 $2.009 $62,499 Director remuneration
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

Director Interests

The current holdings of NEC directors.

Director Last Notice Direct Shares Indirect Shares Options Convertibles
Michael(Mike) Sneesby 31/08/2021 46,689 81,083 N/A N/A
Andrew Lancaster 27/08/2021 0 20,000 N/A N/A
Mickie Rosen 30/06/2021 N/A 80,000 N/A N/A
Catherine West 30/06/2021 N/A 100,000 N/A N/A
Samantha (Sam) Lewis 30/06/2021 N/A 60,000 N/A N/A
Peter Costello 30/06/2021 N/A 301,786 N/A N/A
Nicholas (Nick) Falloon 30/06/2021 51,142 345,080 N/A N/A

Shareholder Info

Top 20 Shareholders

Data supplied by Morningstar and accurate on Sep 3, 2021.

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 564,841,499 33.12%
Morgan Nominees Australia Pty Limited 279,657,218 16.40%
Birketu Pty Ltd 254,760,442 14.94%
Citicorp Nominees Pty Limited 209,089,741 12.26%
National Nominees Limited 113,658,536 6.66%
BNP Paribas Nominees Pty Ltd 23,892,055 1.40%
BNP Paribas Noms Pty Ltd 20,551,773 1.21%
HSBC Custody Nominees (Australia) Limited (i) 14,668,230 0.86%
Citicorp Nominees Pty Limited (i) 13,202,625 0.77%
UBS Nominees Pty Ltd 5,320,147 0.31%
Mutual Trust Pty Ltd 5,138,872 0.30%
Bond Street Custodians Limited 4,987,850 0.29%
BNP Paribas Nominees Pty Ltd Six Sis Ltd 4,008,809 0.24%
Netwealth Investments Limited 3,941,138 0.23%
Pacific Custodians Pty Limited 3,543,930 0.21%
HSBC Custody Nominees (Australia) Limited A/C 2 3,457,769 0.20%
Powerwrap Limited 2,433,756 0.14%
UBS Nominees Pty Ltd (i) 2,166,711 0.13%
BNP Paribas Noms(Nz) Ltd 2,027,197 0.12%
Navigator Australia Ltd 2,000,893 0.12%

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 8,501 8,817 2,658 3,026 187 23,189

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 (%)
FIL Limited and the entities 03/09/2021 85,522,155 5.01
Mr Bruce Gordon, Birketu Pty Ltd, WIN Corporation Pty Ltd and its associates 03/09/2021 254,760,442 14.94
Pendal Group Limited 03/09/2021 151,262,076 8.87

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

Shareholders Selling

12 month transaction history compiled from ASX announcements.

Date Name Sold Previous % New %
21-05-21 Vanguard Group 85,323,332 5.00 --
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 --

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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NEC Historical Price Data (CSV)
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