ASX:SEG

4 stories mentioning ASX:SEGUpdated 22m ago

Every FINWIRES story that references ASX:SEG, newest first.

Sports Entertainment Group to Raise Nearly AU$15 Million Via Oversubscribed Placement

Sports Entertainment Group (ASX:SEG) said its placement was oversubscribed by Thursday, with binding commitments received from new and existing institutional and sophisticated investors to raise AU$14.6 million, according to a Friday filing with the Australian bourse.The placement price is AU$0.28 per share, with around 41.9 million shares to be issued under its existing placement capacity and around 10.4 million shares to be issued subject to shareholder approval.The placement was supported by both existing shareholders, as well as new institutional and professional investors. A non-underwritten share purchase plan to raise up to AU$2 million will be offered to eligible shareholders, it added.It will use the proceeds to fund its acquisition of MediaWorks.Its shares fell 1% in recent trading on Friday.

ASX:SEG

Asia2d ago

Sports Entertainment Group to Acquire New Zealand Audio Business for NZ$130 Million

Sports Entertainment Group (ASX:SEG) agreed to acquire all of the shares in New Zealand audio business MediaWorks Topco for an enterprise value of NZ$130 million, according to a Wednesday filing with the Australian bourse.The acquisition will be funded through existing cash reserves and an AU$87.6 million senior debt facility from the Commonwealth Bank of Australia (ASX:CBA), with completion targeted for Oct. 1, the filing said.The company is raising up to AU$11.7 million via share placement, with the ability to accept oversubscriptions, and plans to undertake a share purchase plan to partially repay the debt facility, per the filing.

ASX:CBAASX:SEG

Asia44d ago

Sports Entertainment Group Expects Fiscal 2026 Underlying EBITDA of AU$18 Million

Sports Entertainment Group (ASX:SEG) expected underlying earnings before interest, taxes, depreciation, and amortization (EBITDA) for fiscal year 2026 to be in the range of AU$18 million, according to a Tuesday Australian bourse filing.It had previously forecast the underlying EBITDA for the fiscal year to be in the range of AU$15.5 million to AU$16.5 million. It attributed its fiscal fourth quarter outperformance to the FIFA World Cup-delivered upside as well as revenue growth across the media segment.It now expects net cash for the fiscal year to be at least AU$14 million.It also refinanced and extended its senior debt facility with Commonwealth Bank of Australia (ASX:CBA) through to July 31, 2028, and senior debt was reduced to AU$10 million from AU$11.5 million, with the facility converted to a revolving structure.

ASX:SEG

Asia102d ago

Sports Entertainment Forecasts Underlying EBITDA to Rise 50% to 60% in Fiscal Year 2026, Shares Jump 7%

Sports Entertainment Group (ASX:SEG) expected underlying earnings before interest, taxes, depreciation, and amortization (EBITDA) for fiscal 2026 to be in the range of AU$15.5 million to AU$16.5 million, jumping 50% to 60% from the prior corresponding period, according to a Monday Australian bourse filing.It had previously forecast guidance of at least 40% EBITDA growth.The guidance is based on trading for the nine months to March 31 and the group's forecast performance for the remaining three months of the fiscal year. It assumes no material deterioration in market or operating conditions for the remainder of the financial year.Its shares jumped 7% in recent trading on Monday.

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