We have a $40m cap with negligible debt and a forecast $4m ebitda for this year. The business model is sticky and predictable revenue with a very large runway ahead. Revenue growth should continue quarter on quarter. The NBN is an opportunistic churn event that is proving for serious tailwinds next 3+ years. On top of all this, we have most of the larger listed telcos being too big to consolidate the smaller players which leaves ST1 all to themselves in buying and consolidating minnow telcos. BGL, MNF, MTU and VOC all did this successfully and now so is ST1. With equity markets tanking the stock has been very resilient and a large buyer circling around. Geoff and his team are reliable operators now that I have known them for over a year. Safe hands, steady ship, huge upside.
ST1 Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
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