Good Shares to Buy

TEN shares undervalued

{ 12:48 PM, 13/12/2007 } { 0 comments } { Link }

Ten Network (TEN) at the company's annual general meeting yesterday has reported strong growth in advertising revenues, recording 14.2 percent rise in earnings before interest, tax, depreciation and amortisation during the November quarter to $122.5 million. Executive chairman, Nick Falloon, said that TEN expects its 2007-08 profit to climb, and forecast that the group's advertising revenue share would be at least 30 percent in 2008. The company announced a half-year dividend of 10c a share, up from 9c, payable on January 4. The shares in TEN are climbing up and getting closer to $3 mark.
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TEN shares undervalued

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