"Megaport Limited (MP1) – Razor focused on-ramping
MP1's 1H20 result was in-line with our forecasts, and their recently released quarterly. Continued strong growth in North America (NAM) and expansion into Japan (which is a top 5 global Cloud consumer) were the highlights of the half. Following a more detailed review of our forecasts we have reduced our revenue forecasts which reduces our FY20 EBITDA forecast by ~5%. Offsetting this, our DCF based valuation rises, largely reflecting a lower share count. MP1 raised ~$60m in late CY19. We had forecast a further capital raise but due to a higher share price fewer shares were issued than we had forecast. We retain our Add recommendation and note key catalysts for MP1 relate to the possibility of ASX200 index inclusion shortly. Operationally, investors will be focused on MP1's capacity to accelerate sales growth. Achievement of this and/or potential ASX 200 index inclusion would also be positively received, in our view."
https://www.morgans.com.au/Blog/2020/February/Reporting-Season-Road-Map-13-February-2020
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"Megaport Limited (MP1) – Razor focused on-ramping MP1's 1H20...
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Last
$13.55 |
Change
0.240(1.80%) |
Mkt cap ! $2.160B | |||
| Open | High | Low | Value | Volume |
| $13.50 | $13.67 | $13.45 | $4.433M | 326.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2056 | $13.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.58 | 300 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$13.57 |
Change
0.240 ( 1.34 %) |
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| Open | High | Low | Volume | ||
| $13.53 | $13.65 | $13.45 | 182615 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| MP1 (ASX) Chart |