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AME down 14% today looks like panic selling to me, the dividend yield is still respectable at current levels and the consumer goods foundation hasn't suddenly cracked. Reckon this is a decent entry for patient holders willing to sit through the noise.
Listen, radio's not dead, people just don't want to admit it yet. AME's sitting at R60.00 with real listener reach and ad revenue streams that actually work, and we're still pre-revenue on some of the new stuff they're building. Look at what Spotify was worth before it made a cent, then look back here. Patient money wins on this one.
Radio ad spend is starting to stabilize after that brutal 2023, and AME's listener reach across the metros still matters when rand weakness pushes brands toward local media buys. Margins are tight with load-shedding costs eating into operations, but the long-term view hasn't changed. Inflation's cooling so maybe we see some pricing power come back next year. I'll keep holding as long as it takes for this to reflate.
Radio ad spend is basically tied to consumer spending and we're in a load-shedding recession, so AME's tough near term. But if you look at the SENS stuff from earlier in the year the station portfolio is actually decent, listenership holds up better than you'd think. At R60 the yield isn't terrible if they can keep the dividend, could be a longer hold while things stabilize.
AME at R55.00 is actually decent value for a radio play. Listenership metrics stayed solid through load-shedding chaos while other media got hammered, and ad revenue's been climbing. If they can keep that momentum into next year the upside is there, ngl.
Radio ad spend always gets hammered when rates stay high and corporates tighten belts, but AME's still got decent reach across the country that's hard to replicate. Long-term view hasn't changed, inflation's still sticky which keeps the margin squeeze on, but at R55.00 the risk reward is starting to look better than it did six months back. I'll keep holding as long as it takes.
Worth a deeper dig on the latest SENS filings, radio ad market holding up better than expected
Radio's been written off as dead for years, but AME's got a stranglehold on listenership that streaming still can't crack in SA. At R55.00 you're getting a cash generative business with advertising upside when the economy turns, and that's something you won't find in the glamour stocks everyone's chasing. The real question is whether management can keep the cost base lean while the Rand stays weak, but positioned perfectly for a turnaround play.
AME down a touch at R48.50 but still trading at a reasonable multiple compared to Distell, which has been hammered by sin tax fears. The media-to-retail pivot keeps AME differentiated from pure consumer plays, though today's dip suggests the market isn't convinced the diversifica
Last close R43.00 and sitting pretty if you look at the nav per share vs what market's pricing in. Catalysts moving forward with those asset sales and debt reduction, risk reward is very compelling at these levels. More eyes on the prize soon enough.
AME holding R43 is decent support, fundamentals havent changed though. Earnings were solid but margins compressed, comparable to ARI at similar stages. Long term play if you believe in the gold thesis but wouldnt chase it here.
AME closed at R43.00 which is still a steal for what they're building. Compare this to where Nuritas was pre-revenue, now doing serious deals with major food corps. We are a pre-revenue company, people don't get it yet but the margins on their platform are going to be insane once they hit scale.
AME sitting at R43 is actually decent value if you look at the fundamentals. Been following the earnings and theyre finally showing some traction on margins. Obviously got smashed with the rand weakness like everyone else but long term this thing could run hard if they keep executing.
AME down 7.17% today but I'm curious if this dip is panic selling or a genuine concern about their consumer goods expansion into West Africa. The middle class boom across Nigeria and Ghana should be tailwinds for their distribution network, so is anyone digging into whether today
AME's 6.42% pop to R4310 today likely reflects positive trading momentum, but I'd want to see the actual revenue composition from their annual report before getting excited. The consumer goods exposure in SA remains structurally challenged with subdued retail conditions and margi
AME at R4050 up 1.20% but the real question is whether advertising volumes justify that valuation given SA's economic headwinds. Revenue growth needs to accelerate or this stalls.
R4050 with only 1.20% gain feels like dead money given how much AME's been bleeding. Need to see actual content traction before buying this dip.
AME at R4050 up 1.2% feels like the market's ignoring that content distribution is getting hammered. This pop won't last if ad spend keeps contracting.
Picked up more AME at R4050 on that 1.20% pop — content licensing deals in Africa looking stronger than they were six months back.
Current R 70,70 — 50% of range
Fundamentals sourced from JSE disclosures. Updated quarterly.