TEN

Ten Network (TEN)

Fri, 13/06/2008 - 08:27

Stock Code

TEN

Stock Exchange

Australian Securities Exchange

A parent company of the Network Ten, Ten Network Holdings (TEN) is engaged in investing in the Ten Group Pty Limited (Ten Group) and other controlled entities operating mainly in five large television stations: ATV-10 (Melbourne), TEN10 (Sydney), ADS-10 (Adelaide), TVQ-10 (Brisbane), and NEW-10 (Perth). TEN was listed on the Australian Stock Exchange on the 31st of March 1998. Its average annual revenue reaches approximately AUD$1 million. Its headquarters is located in New South Wales, Australia and to date; around 1200 people are employed in the company.

Ten Network To Buy its Own Shares

Fri, 04/07/2008 - 07:18

The stockmarket value of Ten Network (TEN) share prices have nearly halved this year. Thus in order to savage the sagging share prices, it shall buy back up to 10 percent of its shares. Such a drastic move shall cost $150 million to the company as it plans to acquire up to 92.2 million of its own shares. The share prices witnessed a rally of 6 percent as soon as Ten began its debt-funded buy back plan.

Ten Network (TEN) Shares Recommendation

Fri, 08/12/2006 - 11:45

Ten (TEN) have a retained Neutral shares recommendation from stock analyst Macquarie Research Equities (MRE) The analyst continue to believe that TEN will ultimately be acquired, but the price has a chance of disappointing investors looking for a substantial offer premium to the current share price. They struggle to obtain valuations to justify the current share price. Asper family's CanWest has announced it was exploring a range of opportunities for its Ten stake.

Syndicate content

Free Email Subscription to Share Trading

My Share Trading Feed