Announcement • May 08
Malaysian Communications & Multimedia Commission Grants the Network Service Provider (NSP) Licence to Symbio Holdings Limited Symbio Holdings Limited announced it has been granted the network service provider (NSP) licence by the Malaysian Communications & Multimedia Commission (MCMC), the regulatory authority in Malaysia, further expanding its in-region offering. The issue of the NSP license to Symbio, as the trusted voice partner in Asia-Pacific, presents opportunities for global service providers and communications innovators seeking scalable, high-availability Tier-1 voice coverage to enter the Malaysian market. Symbio's Tier-1 voice offering in Malaysia will supplement its existing Tier-1 domestic network in Singapore, both available within its South-East Asia (SEA) Regional Hub, allowing global telecom and technology service providers to cater to customers across multiple countries through a single Symbio interconnect. The NSP licence comes a year after Symbio launched its initial offering in Malaysia, paving the way for international customers to establish connections within the country through a host of voice services, including the allocation of international numbers. Announcement • Feb 20
Aussie Broadband Limited (ASX:ABB) completed the acquisition of Symbio Holdings Limited (ASX:SYM). Aussie Broadband Limited (ASX:ABB) submitted a conditional nonbinding indicative proposal to acquire Symbio Holdings Limited (ASX:SYM) for approximately AUD 270 million on September 29, 2023. Under the Indicative Proposal, Symbio shareholders would receive AUD 2.36 in cash and 0.192 Aussie Broadband shares for each Symbio share held (75% Cash and 25% Scrip Structure) as a default with the opportunity to elect a greater proportion of cash or scrip subject to a fixed cash and scrip pool. Shareholders would have the option of accepting the offer of 75 per cent in cash and the remainder in shares, or "maximise" either the cash or stock portion of the offer. As a part of acquisition, if Symbio pays a fully franked dividend of up to 35 before an acquisition is completed, the cash component of the offer would be reduced by that amount. The Indicative Proposal implies a value of AUD 3.15 per Symbio share. ABB’s intention is to fund the cash component of the transaction via a new debt facility.
The transaction is subject to completion of confirmatory due diligence satisfactory to Aussie Broadband, entry into a Scheme Implementation Deed (SID) in mutually acceptable form and Unanimous recommendation from the Symbio Board and a commitment from all Symbio Directors to vote any Symbio shares they hold or control in favour of the indicative proposal. The Symbio Board has approved the proposal and recommend it to shareholders subject to entering binding documentation. King & Wood Mallesons acted as legal advisor to Symbio Holdings. Goldman Sachs Australia Pty Ltd acted as financial advisor to Aussie Broadband Limited. Moelis & Company and Moelis Australia Advisory Pty Ltd acted as financial advisor to Symbio Holdings Limited.
Aussie Broadband Limited (ASX:ABB) completed the acquisition of Symbio Holdings Limited (ASX:SYM) on February 19, 2024. Announcement • Feb 12
Symbio Holdings Limited to Report First Half, 2024 Results on Feb 21, 2024 Symbio Holdings Limited announced that they will report first half, 2024 results on Feb 21, 2024 Upcoming Dividend • Feb 09
Upcoming dividend of AU$0.35 per share at 1.1% yield Eligible shareholders must have bought the stock before 16 February 2024. Payment date: 28 February 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.1%. Lower than top quartile of Australian dividend payers (6.6%). Higher than average of industry peers (0.6%). Price Target Changed • Dec 29
Price target decreased by 21% to AU$2.93 Down from AU$3.70, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of AU$2.97. The company posted earnings per share of AU$0.021 last year. Announcement • Sep 28
Symbio Holdings Limited, Annual General Meeting, Nov 28, 2023 Symbio Holdings Limited, Annual General Meeting, Nov 28, 2023. New Risk • Sep 02
New major risk - Revenue and earnings growth Earnings have declined by 18% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 18% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.8% net profit margin). Price Target Changed • Sep 02
Price target increased by 23% to AU$3.70 Up from AU$3.00, the current price target is an average from 2 analysts. New target price is 49% above last closing price of AU$2.48. The company posted earnings per share of AU$0.021 last year. Reported Earnings • Aug 29
Full year 2023 earnings released: EPS: AU$0.021 (vs AU$0.068 in FY 2022) Full year 2023 results: EPS: AU$0.021 (down from AU$0.068 in FY 2022). Revenue: AU$212.3m (up 4.4% from FY 2022). Net income: AU$1.77m (down 69% from FY 2022). Profit margin: 0.8% (down from 2.8% in FY 2022). Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Australia. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Announcement • Aug 04
Symbio Holdings Limited to Report Fiscal Year 2023 Results on Aug 28, 2023 Symbio Holdings Limited announced that they will report fiscal year 2023 results During-Market on Aug 28, 2023 Announcement • Aug 03
Superloop Limited (ASX:SLC) made a non-binding indicative proposal to acquire Symbio Holdings Limited (ASX:SYM) for AUD . Superloop Limited (ASX:SLC) made a non-binding indicative proposal to acquire Symbio Holdings Limited (ASX:SYM) for AUD on August 1, 2023. Buying Opportunity • Apr 14
Now 21% undervalued Over the last 90 days, the stock is up 21%. The fair value is estimated to be AU$2.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.8% over the last 3 years. Earnings per share has declined by 27%. Revenue is forecast to grow by 18% in 2 years. Earnings is forecast to grow by 704% in the next 2 years. Buying Opportunity • Feb 22
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 39%. The fair value is estimated to be AU$2.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.8% over the last 3 years. Earnings per share has declined by 27%. Revenue is forecast to grow by 18% in 2 years. Earnings is forecast to grow by 704% in the next 2 years. Price Target Changed • Feb 21
Price target increased by 8.9% to AU$2.50 Up from AU$2.29, the current price target is an average from 3 analysts. New target price is 33% above last closing price of AU$1.88. Stock is down 66% over the past year. The company is forecast to post earnings per share of AU$0.11 for next year compared to AU$0.068 last year. Reported Earnings • Feb 21
First half 2023 earnings released: EPS: AU$0.001 (vs AU$0.053 in 1H 2022) First half 2023 results: EPS: AU$0.001 (down from AU$0.053 in 1H 2022). Revenue: AU$103.5m (up 4.1% from 1H 2022). Net income: AU$79.0k (down 98% from 1H 2022). Profit margin: 0.1% (down from 4.5% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in Australia. Over the last 3 years on average, earnings per share has fallen by 27% per year whereas the company’s share price has fallen by 24% per year. Announcement • Feb 20
Symbio Holdings Limited Announces Ordinary Fully Franked Interim Dividend for the Period of Six Months Ended December 31, 2022, Payable on March 30, 2023 Symbio Holdings Limited announced ordinary fully franked interim dividend of AUD 0.01700000 per share for the period of six months ended December 31, 2022. The distribution is payable on March 30, 2023 with record date of February 28, 2023 and ex date of February 27, 2023. Announcement • Feb 10
Symbio Holdings Limited to Report First Half, 2023 Results on Feb 20, 2023 Symbio Holdings Limited announced that they will report first half, 2023 results on Feb 20, 2023 Announcement • Feb 09
Symbio Holdings Limited Appoints Kate Denton as Chief Financial Officer Symbio Holdings Limited announced the appointment of Kate Denton as chief financial officer (CFO) with immediate effect. Kate has been the company's Acting CFO since March 2022. Kate has more than 15 years of experience in Australia and internationally and has been with the company's finance team since 2015 when it acquired TNZI. She started her career as an auditor and is a qualified Chartered Accountant. Kate also spent three years working in the finance team for a large US-headquartered multinational software company based in London. Announcement • Feb 02
Symbio Holdings Limited (ASX:SYM) acquired Contact Centre and Collaboration business of Intrado Australia for AUD 5 million. Symbio Holdings Limited (ASX:SYM) acquired Contact Centre and Collaboration business of Intrado Australia for AUD 5 million on January 31, 2023.
Symbio Holdings Limited (ASX:SYM) completed the acquisition of Contact Centre and Collaboration business of Intrado Australia on January 31, 2023. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improved over the past week After last week's 25% share price gain to AU$1.87, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 33x in the Software industry in Australia. Total loss to shareholders of 61% over the past three years. Major Estimate Revision • Dec 23
Consensus EPS estimates fall by 43% The consensus outlook for earnings per share (EPS) in 2023 has deteriorated. 2023 revenue forecast decreased from AU$236.7m to AU$215.8m. EPS estimate also fell from AU$0.20 per share to AU$0.11 per share. Net income forecast to shrink 9.1% next year vs 21% growth forecast for Software industry in Australia . Consensus price target down from AU$4.78 to AU$3.14. Share price fell 46% to AU$1.49 over the past week. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment deteriorated over the past week After last week's 40% share price decline to AU$1.60, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 42x in the Software industry in Australia. Total loss to shareholders of 66% over the past three years. Announcement • Nov 24
Symbio Holdings Limited Announces Executive Changes Symbio Holdings Limited announced that Ms. Anna Sandham of company matters has resigned as company secretary with effect from 24 November 2022. Mr. Nick Elvin has been appointed company secretary with effect from 24 November 2022. Price Target Changed • Nov 16
Price target decreased to AU$4.78 Down from AU$5.50, the current price target is an average from 3 analysts. New target price is 47% above last closing price of AU$3.26. Stock is down 56% over the past year. The company is forecast to post earnings per share of AU$0.20 for next year compared to AU$0.068 last year. Announcement • Nov 09
Symbio Holdings Limited Announces Retirement of David Stewart from the Board Symbio Holdings Limited announced that as announced by the chairman at Annual General Meeting (AGM), non-executive director Mr. David Stewart has retired from the board effective from the conclusion of the AGM. Announcement • Nov 08
Symbio Holdings Limited Launches Carrier Infrastructure as Service Offering for Wholesale Customers Symbio Holdings announced the launch of Carrier Infrastructure as a Service (CIaaS) – a unified carrier-grade product suite designed to simplify the wholesale customer experience. Symbio's CIaaS offering makes it easier for communications service providers of all sizes to launch and scale cloud collaboration services in new markets, utilising Symbio's proprietary cloud-based technology stack. CIaaS provides the necessary physical infrastructure through Symbio's extensive voice network, together with the virtual components needed to deliver high-quality, cost-effective communications services in Australia, New Zealand, Singapore and beyond. Leveraging Symbio's voice network, CIaaS enables domestic service providers to access the same capabilities as leading carriers without the need for infrastructure investments to deliver reliable, quality voice communications. In addition, CIaaS is backed by carrier-grade customer support and expertise through in-country customer service teams working locally, to support global customers for international call routing and other services. With this capability, Symbio can help service providers navigate and understand individual country licensing and regulatory challenges. Symbio's CIaaS is available to customers in Australia, New Zealand and Singapore from November 7, 2022. Price Target Changed • Oct 26
Price target decreased to AU$4.78 Down from AU$5.50, the current price target is an average from 3 analysts. New target price is 57% above last closing price of AU$3.05. Stock is down 57% over the past year. The company is forecast to post earnings per share of AU$0.20 for next year compared to AU$0.068 last year. Announcement • Sep 10
Symbio Holdings Limited, Annual General Meeting, Nov 08, 2022 Symbio Holdings Limited, Annual General Meeting, Nov 08, 2022. Announcement • Sep 02
Symbio Holdings Limited Announces Company Secretary Changes Symbio Holdings Limited announced that Nawal Silfani has resigned as Company Secretary with effect from 2 September 2022. Anna Sandham of Company Matters has been appointed interim Company Secretary with effect from 2 September 2022. Ms Sandham will be the person responsible for communications with the ASX under Listing Rule 12.6. Reported Earnings • Aug 30
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: EPS: AU$0.068 (down from AU$0.14 in FY 2021). Revenue: AU$202.6m (flat on FY 2021). Net income: AU$5.77m (down 51% from FY 2021). Profit margin: 2.8% (down from 5.8% in FY 2021). Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) exceeded analyst estimates by 13%. Over the next year, revenue is forecast to grow 17%, compared to a 38% growth forecast for the Software industry in Australia. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 8% per year. Announcement • Aug 10
Symbio Holdings Limited to Report Fiscal Year 2022 Results on Aug 29, 2022 Symbio Holdings Limited announced that they will report fiscal year 2022 results on Aug 29, 2022 Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment improved over the past week After last week's 16% share price gain to AU$4.07, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 31x in the Software industry in Australia. Total returns to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$2.14 per share. Announcement • Jun 29
Symbio Holdings Limited Partners with Cisco to Launch Webex Calling Solution in Singapore Symbio Holdings Limited announced the launch of a unified communications solution for Cisco's Cloud Connect for Webex Calling, available to Cisco resellers and their customers in Singapore. In a first for the Singapore telecommunications market, the capabilities will enable Cisco resellers to deliver a simple, cost-effective cloud communications solution for Webex Calling, enabling end users to make calls locally and globally via Symbio's global voice network. The cloud native solution removes the need for on-premise infrastructure, significantly reducing hardware and deployment costs to support businesses as they migrate towards a cloud-based future. The announcement follows Symbio's initial entry into Singapore in 2021, making it the first fully inter-connected voice carrier to build local network capabilities in the country for more than 20 years. The latest integration in Singapore builds on Symbio's strong partnerships with Cisco in Australia and New Zealand, where the company provides cloud native calling capabilities for customers across enterprise and government sectors. Symbio's seamless integration with Cloud Connect for Webex Calling will enable Cisco resellers to deliver a compelling end-to-end solution. With Symbio's fully integrated, cloud PSTN (public switched telephone network) service, Webex customers can now make calls from the home, office or anywhere in the world using one global provider. Price Target Changed • Apr 27
Price target decreased to AU$7.07 Down from AU$7.65, the current price target is an average from 4 analysts. New target price is 45% above last closing price of AU$4.89. Stock is down 15% over the past year. The company is forecast to post earnings per share of AU$0.15 for next year compared to AU$0.14 last year. Price Target Changed • Apr 12
Price target decreased to AU$7.07 Down from AU$7.65, the current price target is an average from 4 analysts. New target price is 40% above last closing price of AU$5.04. Stock is down 8.4% over the past year. The company is forecast to post earnings per share of AU$0.15 for next year compared to AU$0.14 last year. Announcement • Mar 04
Symbio Appoints Heywood as Independent Director, Chair of Audit and Risk Committees Symbio (previously MNF Group) has appointed Leanne Heywood as an independent director and chair of the Audit Committee and Risk Committee, effective 1 March. Heywood currently chairs Audit and Risk Committees at ASX-listed companies Allkem, Midway and Quickstep Technologies. With a background in finance and accounting, Heywood brings commercial, sales and marketing, and business analytics experience to company's board. Announcement • Mar 01
Symbio Holdings Limited Appoints Leanne Heywood as an Independent Director and Chair of the Audit Committee and Risk Committee Effective The Board of Symbio Holdings Limited announced the appointment of Leanne Heywood as an Independent Director and Chair of the Audit Committee and Risk Committee effective 1 March 2022. Ms. Heywood is a highly experienced company director holding Board positions for both public and private companies in B2B settings across a variety of industries. She currently chairs Audit and Risk Committees at ASX-listed companies Allkem Ltd, Midway and Quickstep Technologies. With a background in finance and accounting, Ms. Heywood brings considerable commercial, sales and marketing, and business analytics experience to the Board. She also has extensive international experience managing complex and culturally diverse stakeholder relationships across the APAC region during her 11 years at Rio Tinto, including her position as General Manager, Sales and Marketing, Copper Concentrate. Recent Insider Transactions • Mar 01
Co-Founder recently sold AU$1.9m worth of stock On the 25th of February, Rene Sugo sold around 350k shares on-market at roughly AU$5.40 per share. This was the largest sale by an insider in the last 3 months. This was Rene's only on-market trade for the last 12 months. Reported Earnings • Feb 27
First half 2022 earnings: EPS and revenues miss analyst expectations First half 2022 results: EPS: AU$0.053 (vs AU$0.053 in 1H 2021). Revenue: AU$99.2m (down 3.2% from 1H 2021). Net income: AU$4.47m (flat on 1H 2021). Profit margin: 4.5% (up from 4.4% in 1H 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 1.0%. Over the next year, revenue is forecast to grow 11%, compared to a 31% growth forecast for the industry in Australia. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 24
Symbio Holdings Limited Announces Ordinary Fully Franked Dividend for the Six Months Ended December 31, 2021, Payable March 31, 2022 Symbio Holdings Limited announced ordinary fully franked dividend for the of six months ended December 31, 2021. For the period, the company declared dividend of AUD 0.03300000. Record Date is March 3, 2022. Ex Date is March 2, 2022. Payment Date is March 31, 2022. Announcement • Feb 22
Symbio Holdings Limited Announces Executive Changes Symbio Holdings Limited announced the resignation of Company Secretary Catherine Ly, effective from 11 March 2022. Ms. Ly is a long-standing and valued member of the Symbio team, having joined the company in 2006, and will move to another role within the business. The Symbio Board has appointed Nawal Silfani as Company Secretary with effect from 28 February 2022. Ms. Silfani is an experienced lawyer and corporate governance specialist with qualifications in law, governance and risk. She has spent over 20 years in executive roles at private and listed companies in Australia and has practiced law at a top tier firm. Ms. Silfani will be the person responsible for communications with the ASX under Listing Rule 12.6 effective from 28 February 2022. Announcement • Feb 08
Symbio Holdings Limited to Report First Half, 2022 Results on Feb 23, 2022 Symbio Holdings Limited announced that they will report first half, 2022 results on Feb 23, 2022 Recent Insider Transactions • Sep 15
Independent Chair recently bought AU$64k worth of stock On the 9th of September, Anne Ward bought around 10k shares on-market at roughly AU$6.36 per share. This was the largest purchase by an insider in the last 3 months. This was Anne's only on-market trade for the last 12 months. Price Target Changed • Aug 25
Price target increased to AU$7.00 Up from AU$6.45, the current price target is an average from 4 analysts. New target price is 10% above last closing price of AU$6.35. Stock is up 24% over the past year. Announcement • Aug 24
MNF Group Announces Launch of Communications Platform as A Service MNF Group has officially launched its proprietary communications platform as a service (CPaaS) offering in Singapore. The launch is significant for international businesses looking to grow their global footprint into Asia because it simplifies the technical infrastructure needed to gain a foothold in the market. Symbio is the first fully interconnected carrier to build network capabilities in Singapore for more than 20 years, introducing an entirely new unified communications capability into a market largely controlled by incumbent telecommunications providers. Symbio's entry into Singapore is part of the company's wider plans for global expansion as the company capitalises on the global growth of unified communications (including CPaaS and UCaaS) which grew by nearly 30% in 2020. Reported Earnings • Aug 24
Full year 2021 earnings released: EPS AU$0.14 (vs AU$0.15 in FY 2020) The company reported a mediocre full year result with weaker revenues, although earnings were flat and profit margins improved. Full year 2021 results: Revenue: AU$203.7m (down 12% from FY 2020). Net income: AU$11.9m (flat on FY 2020). Profit margin: 5.8% (up from 5.2% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth. Executive Departure • Jul 23
Non-Executive Chairman Terry Cuthbertson has left the company On the 22nd of July, Terry Cuthbertson's tenure as Non-Executive Chairman ended after 15.4 years in the role. As of March 2021, Terry still personally held 855.91k shares (AU$4.0m worth at the time). Terry is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.08 years. Announcement • Jun 08
Vonex Limited (ASX:VN8) entered into a non-binding agreement to acquire an unknown minority stake in Direct business of MNF Group Limited from MNF Group Limited (ASX:MNF) for AUD 31 million. Vonex Limited (ASX:VN8) entered into a non-binding agreement to acquire an unknown minority stake in Direct business of MNF Group Limited from MNF Group Limited (ASX:MNF) for AUD 31 million in cash on June 7, 2021. Under the terms, Venox will pay AUD 20 million upfront on completion and AUD 11 million in deferred consideration payable in 12 monthly instalments post completion. In the year ended 2020, Direct Business reported revenue of AUD 15.6 million and EBITDA of AUD 5 million. There will be no Board changes as a result of the Proposed Transaction. Transaction is subject to completion upon conducting legal and financial due diligence on the Direct Business, Vonex successfully obtaining a debt funding facility to fund the significant majority of the upfront consideration. Use of funds from disposal to fund APAC expansion in coming year. Vonex and MNF obtaining board approvals for the Proposed Transaction. Vonex and MNF Group plan on signing the Asset Sale Agreement in July 2021 and the expected completion of transaction is July 31, 2021. Recent Insider Transactions • Mar 18
Co- Founder & Non Executive Director recently sold AU$11m worth of stock On the 17th of March, Andy Fung sold around 2m shares on-market at roughly AU$5.08 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$13m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improved over the past week After last week's 21% share price gain to AU$5.05, the stock is trading at a trailing P/E ratio of 28.6x, up from the previous P/E ratio of 23.7x. This compares to an average P/E of 30x in the Telecom industry in Australia. Total return to shareholders over the past three years is a loss of 2.6%. Major Estimate Revision • Mar 01
Analysts lower EPS estimates to AU$0.18 The 2021 consensus revenue estimate was lowered from AU$244.5m to AU$240.9m. Earning per share (EPS) estimate was also lowered from AU$0.20 to AU$0.18 for the same period. Net income is expected to grow by 16% next year compared to 5.8% decline forecast for the Telecom industry in Australia. The consensus price target increased from AU$6.31 to AU$6.37. Share price is up 21% to AU$5.05 over the past week. Reported Earnings • Feb 25
First half 2021 earnings released: EPS AU$0.078 (vs AU$0.048 in 1H 2020) The company reported a decent first half result with improved earnings and profit margins, although revenues were flat. First half 2021 results: Revenue: AU$112.1m (flat on 1H 2020). Net income: AU$6.61m (up 79% from 1H 2020). Profit margin: 5.9% (up from 3.3% in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 4% per year. Analyst Estimate Surprise Post Earnings • Feb 25
Revenue and earnings miss expectations Revenue missed analyst estimates by 0.9%. Earnings per share (EPS) also missed analyst estimates by 3.2%. Over the next year, revenue is forecast to grow 8.5%, compared to a 22% growth forecast for the Telecom industry in Australia. Announcement • Feb 23
Macarthur Telecom signed a binding agreement to acquire PennyTel Pty Ltd. from MNF Group Limited (ASX:MNF). Macarthur Telecom signed a binding agreement to acquire PennyTel Pty Ltd. From MNF Group Limited (ASX:MNF) in half year ending 2020. The agreement enables MNF to continue to realise benefits of the Pennytel business through an ongoing agreement with Macarthur Telecom to continue to grow the customer base on MNF’s wholesale enablement service. Announcement • Feb 22
Superloop and MNF Group Sign Services Agreement Superloop announced it has been awarded a major, multi-year contract with Symbio to become its exclusive supplier of wholesale nbn aggregation services. The contract, signed, has an expected value in excess of $25 million and is Superloop's largest single contract win to date. Under the contract, Symbio will migrate its existing and future supply arrangements from various providers of nbn aggregation services onto the Superloop Connect platform. The contract also anticipates Superloop expanding its existing use of Symbio's range of voice offerings and including elements within its own portfolio of offerings. Superloop's nbn aggregation services are delivered on its recently launched, in-house developed Superloop Connect platform. Superloop Connect is a frictionless, API driven platform that allows customers of any size to access Superloop's market leading nbn backhaul and virtual nni capabilities in a cost competitive way. These capabilities have been deployed nationwide, allowing Superloop's customers a completely digital mechanism to order, provision and assure nbn business and consumer services anywhere on nbn's fixed line and wireless footprint, with delivery of those services to any of the mainstream data centres in Australia. The Superloop Connect platform will continue to be developed in the future enabling further products and services from its APAC and Global offerings to be available via the platform. Is New 90 Day High Low • Feb 22
New 90-day low: AU$4.18 The company is down 10.0% from its price of AU$4.67 on 24 November 2020. The Australian market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$6.76 per share. Announcement • Feb 08
MNF Group Limited to Report First Half, 2021 Results on Feb 23, 2021 MNF Group Limited announced that they will report first half, 2021 results on Feb 23, 2021 Is New 90 Day High Low • Feb 01
New 90-day low: AU$4.37 The company is down 4.0% from its price of AU$4.54 on 03 November 2020. The Australian market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$6.62 per share. Announcement • Oct 27
MNF Group Limited Announces Retirement of Terry Cuthbertson as Chair of the Board of Directors The Board of MNF Group Limited announced Mr. Terry Cuthbertson, Chair of the Board of Directors, has provided notice of his intention to retire with effect at the end of 2020. Mr. Cuthbertson was an inaugural member of the board following MNF's IPO in 2006 and has served as Chair for more than fourteen years. During that time, Mr. Cuthbertson has steered the company and the board with his extensive skills and experience which has seen MNF transform into a successful communications software company with a global footprint. Is New 90 Day High Low • Sep 24
New 90-day low: AU$4.54 The company is down 20% from its price of AU$5.69 on 26 June 2020. The Australian market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$5.70 per share. Announcement • Sep 21
MNF Group Limited(ASX:MNF) dropped from S&P/ASX Emerging Companies Index MNF Group Limited(ASX:MNF) dropped from S&P/ASX Emerging Companies Index Announcement • Jul 24
MNF Group Limited to Report Fiscal Year 2020 Results on Aug 25, 2020 MNF Group Limited announced that they will report fiscal year 2020 results at 9:22 PM, GMT Standard Time on Aug 25, 2020 
