23 December 2005
	Radio & filmed entertainment AFRICAN MEDIA ENT'MENT By Themba Hlengani

Good music again Ord price: 1 202c Div yield: - PE ratio: 8.18. Sector PE: 13.1 Market cap R103m 12-month high, 1 250c; Low, R8 Year to Oct 31 Turnover Rm Operating profit Rm Pretax profit Rm Headline earnings per share (c) Dividend per share (c) *2002 130 (19,9) 2,0 (4,02) - **2003 78 4,9 3,9 0,1 - *2003 93 0,8 3,9 (0,45) - ***2004 80 17 17 99,1 - 2005 85 22 22 163,3 - % chge 7 22 22 65 - Trading vol 12-month average: 109m/month © Financial Mail *Results stated are for all operations . **Results of continuing operations only. ***Results restated. This company has turned around in the past few years. The shareholders must thank the economic boom for boosting its radio station advertising. As it has already applied for a new radio licence in the secondary areas, as invited by Icasa, this should be good for the company. A licence in Limpopo will need serious investment, but should be profitable in the long run. A positive decision by Icasa will make the stock attractive. 23December2005