MENU

The Fairfax Media Limited share price dropped a further 3%

The Fairfax Media Limited (ASX: FXJ) share price fell by 3.01% today to a 2018 low of $0.64.

The media company has been on a steady decline since the start of the new year, but the decline of its Domain Holdings Australia Limited (ASX: DHG) holding has fallen significantly.

The Domain share price has fallen from $3.69 to today’s $2.90. Domain’s CEO leaving caused uncertainty and the lack of an instant replacement could see it fall further behind REA Group Limited (ASX: REA) in terms of strategy and market position.

Most of Fairfax’s other media assets face stagnant or declining earnings, which is why Domain’s earnings and share price are so key to Fairfax’s future.

Fairfax is currently trading at 12x FY18’s estimated earnings with a trailing grossed-up dividend yield of 8.86%.

The Richest Man Alive Invests in This

The richest man in the world has just launched a $100 million investment fund and investors who don't take note could miss out on a massive opportunity.

And it isn't by sheer luck. He did it by looking to the future and investing in the big ideas of tomorrow.

This could be your chance to get in on the ground floor!

Click here to discover more!

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia has recommended REA Group Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…

Including:

The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!