Ord Minnett rates ABB as Buy (1) -
Aussie Broadband's AGM trading update reveals continued market share growth in the September quarter (subscriber rose sharply and broadband market share rose 6.73% on the NBN ), and management reiterates FY23 earnings (EBITDA) and revenue guidance.
Ord Minnett observes the Over The Wire acquisition is being integrated to plan and expects this will yield a sharply improved balance of earnings for the group and a better path to scale.
The broker also forecasts a growth rate in excess of 6% going forward.
EPS forecasts are shaved -3% to reflect the higher cost of capital, courtesy rising interest rates.
Buy rating retained. Target price falls to $3.61 from $4.03.
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Ord Minnett rates ABB as Buy (1) - Aussie Broadband's AGM...
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Last
$3.19 |
Change
0.120(3.91%) |
Mkt cap ! $942.7M |
Open | High | Low | Value | Volume |
$3.06 | $3.19 | $3.04 | $9.765M | 3.148M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1604 | $3.18 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.20 | 7488 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1604 | 3.180 |
4 | 6604 | 3.170 |
8 | 56776 | 3.160 |
5 | 62244 | 3.150 |
4 | 41355 | 3.140 |
Price($) | Vol. | No. |
---|---|---|
3.200 | 7488 | 9 |
3.210 | 12740 | 2 |
3.220 | 12744 | 2 |
3.230 | 13053 | 3 |
3.240 | 1604 | 1 |
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