oOh!Media surge sets tongues wagging : vimarsana.com

oOh!Media surge sets tongues wagging


oOh!Media surge sets tongues wagging
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The adland rumour mill is running hot with speculation over who’s been victorious in Sydney Trains’ long-running and highly lucrative tender for outdoor advertising.
The rumours usually hold ASX-listed oOh!Media the contract’s loser. But Sydney Trains insists that no decision has been made. It contacted bidders this week telling them to disregard the rumours, and told us the same thing on Thursday afternoon.
Sydney Trains insists no one has yet been awarded its lucrative outdoor advertising contract.  
Ben Rushton
It is into these circumstances that we’ve been trying to explain oOh!Media’s perplexing 8.4 per cent gain on Thursday. It’s all the more confounding for coming on a day when the only major announcement should, all things being equal, portend poorly.

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