22 December 2006
	Upbeat signals BROADCASTING & ENTERTAINMENT By Stafford Thomas

AME Ord price R23 Market cap R198m Div yield - 12-month high R23 PE ratio 11 Sector PE 17,1 Low R11,90 Year to Oct 31 Turnover Rm Operating profit Rm Pretax profit Rm Headline earnings per share (c) Dividend per share (c) 2002 130,0 (19,9) 2,0 (4,02) - 2003 93,0 0,8 3,9 (0,45) - 2004 80,5 17,3 17,2 94,4 - 2005 85,9 22,8 22,2 163,3 - 2006 101,8 29,7 30,8 209,3 - % chge 18 30 38 28 - Trading vol 12-month average: 169 000/month AME is riding high on a surge in the popularity of its radio stations, Algoa FM in the Eastern Cape and OFM in the Free State. Algoa, whose audience jumped 51% to 644 000, was SA's fastest-growing station in the key high-income sector. OFM upped its audience 25% to 578 000. Other indicators include a 50% jump in second-half operating profit and strong growth in advertising bookings. The new year may also see closure of AME's R25m bid for 25% of Kaya FM. Failing this, AME will return some of its R24m cash pile to shareholders. 22December2006