What is the 2GB leak and why does it matter for NEC.AX?

It refers to reporting and scrutiny around a DPP-related matter linked to 2GB. This puts editorial processes and brand safety in focus, which can affect advertiser sentiment. Any prolonged attention can lift compliance costs and weigh on near-term revenue, making it a live factor for the Nine Entertainment share price.

How could NSW anti-protest laws affect Nine Entertainment?

Coverage of protests and policing can attract complaints and reviews, increasing legal checks, training, and compliance spend. Individually small, these costs add up. The debate also shapes advertiser preferences. If sentiment turns cautious, ad loads can soften, which would pressure margins for radio and publishing units.

Is NEC.AX a buy, sell, or hold today?

On current data, we see a hold. Valuation is reasonable with PE 17.61 and PB 1.16, but earnings momentum is soft and payout risk is elevated. Technicals show no clear trend. A clearer view on the 2GB leak fallout and 24 February guidance could set the next directional move.

What near-term technical levels should traders watch?

Watch A$1.12 to A$1.17 as the immediate band. Price sits near upper Bollinger and Keltner levels, so breakouts may fade without volume expansion. RSI is neutral at 54.87, ADX shows no trend, and ATR is 0.02, implying tight ranges until a catalyst drives conviction.

Law and Government

NEC.AX Stock Today: 2GB Leak, NSW Protest Furor Test Media Risk — February 10

ByDanny Kontos February 10, 2026February 10, 2026

The 2GB leak is trending on February 10, putting media risk in focus for Nine Entertainment’s radio assets and the broader group. For investors in NEC.AX, attention centres on reputational impact, advertiser sentiment, and possible compliance costs tied to NSW anti-protest laws and media regulation Australia. The Nine Entertainment share price sits near A$1.15 as traders weigh neutral momentum and a mixed fundamental profile ahead of the 24 February earnings update. We outline what the 2GB leak and policy debate could mean for valuation today.