RE: Reason for the sp rise25 Apr 2024 15:31
This chat about salaries seems to be ill-informed to me. Their pay looks very normal for media as far as i can tell. Back in 2011 and 2012 Zinc paid it’s then CEO more than Browning is paid now, and back then the Group lost millions at EBITDA level.
TV is also a notoriously a low margin business, but it attracts good multiples in the acquisition market. There are some very valuable TV companies out there making 2%-3% EBITDA margins, and Zinc is looking closer to 5% this year. Someone will come and knock on Zinc’s door soon, and it will get a good valuation then, if the board can keep hold of the CEO. All3Media was valued at 11x, so i am going to wait until someone bigger comes for Zinc and then we will see its true value