UNCERTAINTY surrounding Queensland s new border restrictions with New South Wales is threatening to turn the Christmas plans of local families into chaos. On Thursday night Queensland Chief Health Officer Jeannette Young declared anyone already in Queensland who had been to Sydney s Northern Beaches since December 11 would need to get tested and isolate in their home for 14 days from the date they left the area. As of Friday anyone flying into Queensland from the COVID cluster area must be tested and self-isolate for two weeks, while from Saturday passengers will be directed into mandatory self-funded hotel quarantine as of 1am. Overnight there were 28 COVID cases linked to the Northern Beaches cluster in Sydney, including a person who has since flown to Queensland.
Why the oOh!Media (ASX:OML) share price is gaining today fool.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com.au Daily Mail and Mail on Sunday newspapers.
Press Release – oOh Media
Significant revenue rebound in Q4; FY20 revenues anticipated between $420m-$430m
Rent abatements of approximately $54m contracted for FY20 as of 10 December 2020
Operating cost savings (excluding JobKeeper) in excess of $15m for FY20
FY20 Capital Expenditure anticipated to be below $20m
Net Debt anticipated to be between $120m and $130m at 31 December 2020
Focus on strong financial position maintained – debt facilities refinance to 2023
oOh!media Ltd
Company) today provided a business update, including an update on market and trading conditions.
oOh!’s strategy through the COVID-19 pandemic has been to responsibly manage its operations by focusing on costs and strengthening its balance sheet. Additionally oOh! refined its offer vis a vis the strength of its suburban and regional network and invested in key assets through the audience and advertising revenue challenge created by COVID-19. This has positioned the Company to capitalise on the st
Press Release – oOh Media
oOh!media Ltd (oOh! or the Company) today provided a business update, including an update on market and trading conditions.
Strong recovery in key Out of Home audiences post COVID-19 lockdown
Significant revenue rebound in Q4; FY20 revenues anticipated between $420m-$430m
Rent abatements of approximately $54m contracted for FY20 as of 10 December 2020
Operating cost savings (excluding JobKeeper) in excess of $15m for FY20
FY20 Capital Expenditure anticipated to be below $20m
Net Debt anticipated to be between $120m and $130m at 31 December 2020
Focus on strong financial position maintained – debt facilities refinance to 2023
oOh!media Ltd
Ooh Media reports positive rebound in Q3 and Q4 tracking well
December 11, 2020 10:18
Out Of Home (OOH) audiences are continuing to recover in the Australian road, retail and street furniture formats according to Ooh Media.
The OOH operator reports that in Australia, road and retail OOH audience volumes were tracking at 87% of the 2019 levels in late November, up from a low of approximately 50% in mid-April 2020 compared to the prior corresponding period. New Zealand is now at or above FY19 audience volumes. However, airport, rail and office audience environments continue to be impacted in Q4.
Overall, Ooh Media’s Q3 revenues were approximately 43% behind the prior corresponding period in aggregate, however November and December are continuing to demonstrate this rebound trend. Australian road, retail, street furniture and New Zealand revenues declined by circa 31% versus the previous corresponding period. The more heavily impacted formats of airport, rail and office declined