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.
Ord Minnett rates ABB as Buy (1) - Aussie Broadband's AGM...
Add ABB (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.12 |
Change
0.000(0.00%) |
Mkt cap ! $922.0M | |||
| Open | High | Low | Value | Volume |
| $3.10 | $3.13 | $3.08 | $950.6K | 305.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1701 | $3.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.13 | 7396 | 2 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| ABB (ASX) Chart |