APN Outdoor Group Ltd Drops on ACCC’s Schedule

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APN Outdoor Group Ltd [ASX:APO] is an Aussie outdoor advertisement company.

You’ll see their advertisements frequently driving on the freeway. They offer advertisement space on billboard, in shopping centres and other local spaces.

This morning, APN opened up 1.96%, to $5.73, but quickly ran down to $5.60.

What happened to the APN Outdoor Group share price?

oOh!Media Ltd [ASX:OML] competes with APN in the advertisement space. They offer the same service. But instead of competing with each other, the companies have decided to merge. Before a merger can happen, they need the go-ahead from the Australian Competition and Consumer Commission (ACCC).

The ACCC ensures individual companies don’t become too influential in any one industry by gaining a monopoly.

The ACCC rescheduled the date of their decision on APN and OML’s proposed merger. As a result, OHL shareholders will be left hanging until late May.

What now for APN Outdoor Group?

APN and OML are confident that the merger will not hurt competition in the outdoor advertisement industry. Both continue to believe strongly in the long-term growth and value opportunities of the merger.

Investors will know the ACCC’s decision about the proposed merger on 4 May.

Regards,

Härje Ronngard,
Junior Analyst, Money Morning

PS: It’s not always easy to find growth among billion-dollar stocks. Unless they can significantly increase earnings, you’d be lucky to get double-digit returns. That’s why some investors prefer the smaller end of the market.

Small-cap stocks are a riskier investment. There is no running away from it. But they can potentially grow earnings 10-fold in a short space of time.

Small-cap specialist Sam Volkering has been on the other end of small-caps running up 1,000% or more.

So far in 2017, Sam hasn’t recommended a losing stock yet. In his advisory service, Australian Small-Cap Investigator, his top three active investments are up 304.57%, 466.04% and 1,624.49%.

To find out more, click here.

Härje Ronngard

Härje Ronngard

Harje Ronngard is a Junior Analyst at Markets and Money.

With an academic background in finance and investments, Harje knows how simple, yet difficult investing can be. He has worked with a range of assets classes, from futures to equities. But he’s found his niche in equity valuation.  

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