CCG
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6.85% 7.8¢ comms group ltd

Ann: Trading Update and Financial Guidance Update, page-2

  1. Klmo00fasdf
    30 Posts.
    lightbulb Created with Sketch. 6
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    03/05/22
    12:24
    Post #: 61170051
    https://hotcopper.com.au/data/attachments/4311/4311193-9426a00a176610233fa531f8f72597ec.jpg
    Not great news considering the EBITDA forecast for this year and next year is down by $1mil respectively.

    Seems to be because a key global wholesale client is reducing their services as per the below from the powerpoint presentation

    https://hotcopper.com.au/data/attachments/4311/4311199-6753da990d7d1de6130e9831312da9f2.jpg

    Also the commencement of sales with the Vodafone Global contract appears to be delayed for 6 months,

    Reflects the negative sentiment today.
    Last edited by Klmo00fasdf: 03/05/22
    CCG Price at posting: 8.9¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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