APN

Content publishing company, APN News & Media (ASX:APN) have reported its results to shareholders, investors and share traders.

• APN posted a $455.8 million Loss for the 2012 full year result from a loss of $45.1 million in the previous year.
• APN revenue from continuing operations up 2 percent to $857.2 million while revenue from discontinued operations down 69 percent to $71.4 million.

APN News & Media (ASX:APN) have seen key members of its board resign on capital raising issues.

• APN News & Media saw the resignation of chairman Peter Hunt, managing director Brett Chenoweth, managing director Brett Chenoweth and three other independent directors: Melinda Conrad, John Harvey and John Maasland.

APN News & Media (ASX:APN) have seen their shares jump nearly 25 percent on market rumours.

• There was speculation in the marketplace that APN News & Media had found a buyer for its New Zealand assets.
• The company had placed its New Zealand assets including The New Zealand Herald and other magazine and radio assets for sale last May.
• The APN shares were up 24.65 percent for the day, up 8.5 cents, to close at 43 cents per share.

APN News & Media (APN) expects its net profit this year to downgrade to between $75 million and $77 million, which is slightly below market consensus, despite having a better second half. The decline is caused by weakness in advertising markets, natural disasters in Queensland and New Zealand, and the 5% depreciation of the New Zealand dollar.

For the start of September, there are no companies scheduled to float but there are 15 stocks that will go ex-dividend and two companies that will have their general meeting.

Dividends

Stocks from AAX, APN, BPA, CGF, FGL, GZL, IAG, IFL, KAT, SHL, SHV, SRV, TRG, TTS, and TWE will go on ex-dividend on September 1, 2011.

Publisher APN News Media (ASX:APN) yesterday forecast first half of the year earnings of about $15 to $20 million reduction from the previous year. Queensland flooding and the Christchurch earthquake were cited by the company in March to have "significantly and negatively impacted" APN's first-quarter results.

At the company's annual meeting, APN chairman Gavin O'Reilly told shareholders that APN would rally with "a round of restructuring initiatives."

Stocks Watchlist for the ASX 200 index. These stocks increased their share price by the most percentage points on the Australian share market, the Australian Securities Exchange (ASX) from the last week of trading (38th week of 2010: 20th to 24th September). Stocks in this watchlist include: CAB, FKP, ASX, WAN, APN, VBA, SPT, FMG, ERA, CDU, SPN, CGF, FWD, KCN, AAX. Other lists of Australian companies by Market capitalisation.

Worst ASX 200 Stocks from the ASX 200 index. These stocks decreased their share price by the most percentage points on the Australian share market, the Australian Securities Exchange (ASX) from the last week of trading (36th week of 2010: 5th to 10th September). Other lists of Australian companies by Market capitalisation.