Market Herald hits record high on business TV streaming network pilot launch

Gumtree Australia Markets

11/02/2021 02:47

** Shares of Market Herald  TMH.AX  surge as much as 100% to
A$0.840, a record high
    ** Stock posts its biggest intraday pct gain ever
    ** Stock market-related services provider announces
successful pilot launch of streaming business television network
targeting A$1.5 bln ($1.16 bln) Australian online video
advertising market  urn:newsml:reuters.com:*:nASX6HxCgp
    ** Announces production launch of Schedular, a proprietary
cloud-based digital workflow platform targeting A$1 bln global
playout workflow market 
    ** Says signed annualised cross-platform (video, display,
direct) contracts with annualised value of A$1.1 mln for launch
advertisers of which A$290,000 received during pilot      
    ** Nearly 261,800 shares changed hands compared with 30-day
average volume of ~79,800
    ** Stock has risen 55.6% this year, as of last close
    
  
($1 = 1.2960 Australian dollars)

 (Reporting by Vasudha Kaukuntla in Bengaluru)
 ((Vasudha.Kaukuntla@thomsonreuters.com))