This is a very interesting buy at these levels.
Negatives:
Decent amount of debt on balance sheet, however CR helped restructure this
Retail BB / Services business could be weak. (However SuperBB has has a massive amount of new customers late last year, a positive but also a negative as they have had issues with customer service and most recently a Cisco bug has lead to outages)
Positives:
Large network without very little CAPEX required. Expansion going forward likely out of cash flow (ie - only increase when customers pre pay) Book value of network 210 million as per AGM presentation.
NBN & fixed wireless businesses may surprise, very little has been priced in IMO. Positioned as premium provider (yes, the outages hurt) however they are also a NBN alternative via non NBN fixed wireless for retail and commercial applications via NuSkope/BigAir
Ann: Change of Director's Interest Notice - Bevan Slattery, page-10
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$1.71 |
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Mkt cap ! $857.6M | |||
| Open | High | Low | Value | Volume |
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| 1 | 8555 | $1.70 |
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|---|---|---|
| $1.74 | 8555 | 1 |
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