What is Happening to APN Outdoor Group’s Share Price?

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What Does APN Outdoor Do?

APN Outdoor Group [ASX: APO] is an advertising company that has a portfolio of premium sites in metro billboards, transit networks and airports across Australia and New Zealand. The company only listed on the stock exchange last year.
What is Happening to APN Outdoor’s Share Price?
The company listed in November of last year. It hit a low of $2.42 in December, but has now run up to hit over $3.
On March 6, the S&P Dow Jones Indices announced its Quarterly Rebalance of the S&P/ASX Indices. APN Outdoor is now included in the S&P/ASX 300 Index. Fund managers that have a mandate to only invest within the top 300 shares may now consider APN Outdoor.

What Now for APN Outdoor Shares?

The company, according to its half year report released in February, is on track to meet its projected results as forecast in its prospectus. The results the company reports also seems to indicate a reasonable business environment in Australia.
That’s because companies looking to reduce costs advertising is often cut when companies are looking to cut costsadvertising. If companies are spending money, it shows they’re confident in the health of the economy and that Australia and New Zealand consumers will spend.
Itf’s another reason to be bullish on the economy and stocks this year. If you want the full explanation of why you should be expecting a strong 2015, go here.

Callum Newman
Editor, The Daily Reckoning

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Callum Newman

Callum Newman

Callum Newman is the editor of The Daily Reckoning and Associate Editor of Cycles, Trends and Forecasts. He also hosts The Daily Reckoning Podcast. Originally graduating with a degree in Communications, Callum decided financial markets were far more fascinating than anything Marshall McLuhan (the ‘medium is the message’) ever came up with. Today Callum spends his day reading and researching why currencies, commodities and stocks move like they do. So far he’s discovered it’s often in a way you least expect. To have Callum’s thoughts and insights on the current state of the currency, commodities and stock markets delivered straight to your inbox, take out a free subscription to The Daily Reckoning here.
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