I mentioned in my FY11 post that despite BSA’s share price receiving a bollocking by Mr Market (at one point touching 18c), the underlying business was sound. Based on the HY12 numbers BSA put up today, Mr Market is now panicking to buy back those 18c shares at a 50% premium – with the share … More BSA shoot the lights out with HY12 numbers (BSA)
I’ve been singing Amcom’s praises since I first got in at 20c nearly 2 years ago. Since then, the company has gone from strength to strength, growing organically, making smart acquisitions, and winning big new contracts. Importantly, they’ve also divested their IInet position and built a broader product offering which complements the existing core fibre … More Amcom – Increase to position (AMM)
BSA recently put out its year-end results and announced a 1c special dividend to go along with the 1c final dividend. Equivalent full-year dividend payout ratio is an impressive 13%. But forget the dividends, let’s look at how BSA performed as a business. Revenue up 22% to $403m EBITDA up 16% to $16.3m NPAT down … More BSA full year numbers and special dividend (BSA)
With the All Ordinaries falling below 4000, many people are speculating about the possibility of a double-dip recession, which would potentially be more damaging than 2008; with Governments around the world no longer able to provide 2008 levels of stimulus to try and re-start their economies. To me, there are 2 factors I’m considering in … More Is a double-dip recession upon us?
BigAir confirmed earlier guidance by releasing preliminary full-year numbers. With revenue of $15.5m, BigAir’s EBITDA of $5.4m (up 69%) exceeded guidance of $5.2M with operating cashflow of $5m up 72%. BGL’s balance sheet is rock solid, with no debt, $2.8m cash, and more integration synergies to follow. Another important figure to note is annualised EBITDA … More BigAir full year numbers for FY11 (BGL)
Today, Amcom announced FY11 results, putting up some great numbers and confirming both strong demand for their fibre services, and strong growth for their Cloud and Voice offerings. High level numbers (excluding IIN’s contribution) are as follows: Revenue up 38% EBITDA up 29% NPAT up 31% Operating cashflow up 35% The Fibre business … More Amcom FY11 profit announcement (AMM)
Today Amcom announced that it had sold down 4.5M of its 35.5M shares in IINet, and will put forward a proposal to distribute the remaining holdings to AMM shareholders and consolidate AMM’s shares on a 3:1 basis. With an average buy price of $1.14 starting in 2006, compared to today’s close of $2.85; Amcom … More Divestment of IINet and 3 for 1 consolidation of Amcom shares (AMM, IIN)
Recently the Australian Financial Review has printed rumours that wholesale telecoms operator Vocus Communications (VOC) is eyeing BigAir as a potential acquisition target. Vocus have made data centre and fibre acquisitions recently, and Vocus’ wholesale business focus would make it an appropriate home for a company like BigAir, whose main channel to the market is … More Speculation of Vocus bid for BigAir (BGL, VOC)
Microcap asset manager Microequities recently upgraded their recommendation on BGL in response to the recent upgrade to earnings guidance (this report is freely available to registered users and there is no cost for registration). While last traded at 22c, Microequities have set a price objective of 30c, rating the stock a Strong Buy. This upgrade … More Microequities upgrade to BigAir (BGL)
Today after the market close, BGL announced a significant increase to EBITDA guidance for FY2011 up 30%, from $4m to $5.2m. Much of this uplift results from the contribution of the CVA and AccessPlus acquisitions. Because BGL’s revenues are largely from subscription services, the current annual EBITDA run rate is $7.5m, which should grow well above … More BigAir increased earnings guidance for FY11 (BGL)
