Surging $A forces Beyond to cut forecast

The volatile Australian dollar and tough trading conditions in the DVD retail market have forced TV program producer and distributor Beyond International to cut its profit forecast

• May 27, 2009
• Neil Shoebridge

Beyond expectations: bullish Borglund tips rise of at least 15pc

New programs for United States pay television networks, solid growth in TV program sales and the acquisition of Brisbane-based DVD distributor Magna Pacific have put Beyond International managing director Mikael Borglund in a bullish mood

• Mar 23, 2009
• Neil Shoebridge

Briefs

IINET iiNet, the country's third-largest internet services provider, is confident it will meet its revenue forecast of $400 million for the full year after maintaining its 3¢ interim dividend and lifting net profit in the first half

• Feb 26, 2009
• Tracy Lee; Neil Shoebridge

Sale makes Beyond a hot property

After repelling three takeover bids over the past year, television program production company Beyond International now has a new challenge: one of its key rivals has unexpectedly emerged as its largest shareholder.

• Sep 11, 2008
• Neil Shoebridge

• AMA Group

Briefs

BEYOND INTERNATIONAL

• Sep 2, 2008
• Noelle Waugh; Tracy Lee; Michael Smith; Staff Reporter

• AMP

AMP Capital sells off Lawson centre

AMP Capital Investors has sold 61-79 Henry Street in Penrith, Sydney, off market for $16.49 million. The 8596 square metre Henry Lawson Centre was sold to an organisation on a yield of 7.78 per cent. The tenants include The Goodguys, which occupies 37 per cent of the lettable area, Koorong Books and the Penrith Medical Centre taking out most of the remainder. The site will be the biggest privately owned retail investment in the Penrith CBD. The property has frontage to three streets, is opposite the Penrith Court House and close to the Penrith railway station. The land area is 16,160 sq m and there are 190 car spaces. Raine & Horne Commercial selling agent Paul Kennedy negotiated the sale.

• Jun 19, 2008
• Matthew Cranston

Dollar hits Beyond expectations

Independent television producer and film distributor Beyond International has flagged lower earnings for the full year and blames the rise of the local dollar and the negative impact on its United States production contracts.

• May 23, 2008
• Noelle Waugh

Exchange rate cuts media group's profit outlook

Beyond International (BYI) The strong Aussie dollar claimed another small cap victim on Thursday, with the media group forced to hose down expectations for its full-year net profit. With just over half the company's revenues sourced in US dollars, management indicated that growth in net profit after tax was expected to be at the lower end of its target range of between 15 per cent and 20 per cent. Management warned that the fallout could get worse should the US dollar depreciate further ahead of the June 30 financial year end. The company is not the only small cap to be suffering under the weight of the soaring Australian dollar. All local manufacturers competing in export markets are likely to feel the pinch, including operators such as scrap metal exporter Sims Group and traffic light manufacturer Redflex Holdings, with its large US client base. Living & Leisure Australia Group (LLA) After finally being reinstated to trading after a four-month suspension, shares in the leisure attractions operator were roundly trounced in their first day back on line. Falling a massive 84 per cent to 5.6¢ on their first day of trading on Wednesday, the stock bounced back 25 per cent to 7¢ on Thursday but, according to Macquarie Research Equities, the prognosis isn't good. The company ran into problems earlier in the year when liquidity dried up and it was unable to raise capital in time to pay down debt. LLA has now negotiated with Arctic Capital (a wholly owned subsidiary of Consolidated Press Holdings) to underwrite the $90 million raising at a price no greater than 7.5¢ per share, with the proceeds to largely pay down about $125 million owing to National Australia Bank. Macquarie is wary that the company's problems aren't necessarily over, and downgraded the stock to "underperform", advising lower-risk investors to look elsewhere given its risk profile, which puts it in the speculative category following the breach of bank covenants. Orion Petroleum (OIP) Shares in the oil and gas explorer have enjoyed a strong revival thanks to the booming oil price, but on Thursday it couldn't convert that into more gains. Despite crude tipping another record, Orion shares slumped 2¢, or 13.8 per cent, to 12.5¢ as investors digested the results of drilling at its Willaroo-1 well in northern NSW. Live oil was found and drilling also recorded anomalous gas readings, though no hydrocarbon readings were detected. The company plans to deploy a rig to a second prospect, Nyngynderry-1, in the same northern-NSW exploration field later in the year.

• May 22, 2008
• Emily Parkinson

Force purchase takes TV producer Beyond

Independent television producer and film distributor Beyond International has foreshadowed further acquisitions in the movie sales area after purchasing the 49 per cent of trans-Tasman DVD distributor Force Media Entertainment it did not already own.

• May 13, 2008
• Noelle Waugh

• Reece Limited

Briefs

SLATER & GORDON

• Feb 23, 2008
• Alex Boxsell, Vesna Poljak, Noelle Waugh and Michael Smith

Beyond bid in reasonable doubt

Directors of television and entertainment group Beyond International could derail any attempts by digital media company Destra Corporation to launch a full takeover bid after building their interest in the business to more than 30 per cent.

• Jan 9, 2008
• Noelle Waugh

Destra doing due diligence on Beyond

Television production and distribution company Beyond International is expected to face an ownership challenge in the coming weeks as digital media group Destra Corp edges closer to launching a formal bid for the group.

• Jan 4, 2008
• Noelle Waugh

Navis Media wins TV group Beyond

Television production company Beyond International has opted for a $75 million takeover from private equity group Navis Media instead of an earlier $68.7 million bid from its largest shareholder, investment firm Mariner Financial.

• Sep 19, 2007
• Noelle Waugh

Mariner's Beyond bid faces obstacles

Investment firm Mariner Financial has launched a $61 million takeover offer for independent television production company Beyond International, but the bid could face obstacles after the target revealed on Friday that it was considering "other indicative proposals".

• Sep 15, 2007
• Noelle Waugh

Mergers are what's good for us: Beyond

Television production and film company Beyond International will spend up to $15 million buying production businesses in overseas markets as it moves to add new program genres to its line-up.

• Sep 3, 2007
• Noelle Waugh