Announcement • Apr 01
Aussie Broadband Limited (ASX:ABB) completed the acquisition of Nexgen Australia Group Pty Ltd from Infotrust Ltd (ASX:ITS). Aussie Broadband Limited (ASX:ABB) entered into a binding share sale and purchase agreement to acquire Nexgen Australia Group Pty Ltd from Infotrust Ltd (ASX:ITS) for AUD 50 million on February 23, 2026. The transaction includes upfront cash consideration of AUD 44.1 million and up to AUD 5.9 million of contingent consideration payable based on achieving either of Nexgen’s FY26 or FY27 on target EBITDA performance. The acquisition will be funded by cash on hand and existing currently undrawn debt facilities. Completion is subject to satisfaction of customary conditions precedent. The proceeds will be deployed in accordance with Infotrust’s capital allocation framework, lowering net debt and funding its pipeline of earnings-accretive growth opportunities aligned to its cyber first strategy. Nexgen has been an important contributor to Infotrust’s revenue and earnings as the Cloud & Communications segment, which reported FY25 revenue of AUD 44.1 million and EBITDA of AUD 7.7 million. Latimer Partners Pty Ltd acted as a financial advisor to Aussie Broadband Limited.
Aussie Broadband Limited (ASX:ABB) completed the acquisition of Nexgen Australia Group Pty Ltd from Infotrust Ltd (ASX:ITS) on March 31, 2026. Recent Insider Transactions • Feb 27
Co-founder & Non-Executive Director recently sold AU$2.5m worth of stock On the 25th of February, Phillip Britt sold around 500k shares on-market at roughly AU$5.00 per share. This transaction amounted to 4.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Phillip has been a net seller over the last 12 months, reducing personal holdings by AU$16m. Declared Dividend • Feb 25
First half dividend of AU$0.024 announced Shareholders will receive a dividend of AU$0.024. Ex-date: 6th March 2026 Payment date: 23rd March 2026 Dividend yield will be 0.9%, which is lower than the industry average of 4.7%. Payout Ratios Payout ratio: 54%. Cash payout ratio: 55%. Board Change • Feb 24
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Non-Executive & Independent Director Sarah Adam-Gedge was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 24
First half 2026 earnings released: EPS: AU$0.017 (vs AU$0.041 in 1H 2025) First half 2026 results: EPS: AU$0.017 (down from AU$0.041 in 1H 2025). Revenue: AU$637.8m (up 8.4% from 1H 2025). Net income: AU$5.07m (down 58% from 1H 2025). Profit margin: 0.8% (down from 2.1% in 1H 2025). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Telecom industry in Australia. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Feb 23
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 30% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Announcement • Feb 11
Aussie Broadband Limited (ASX:ABB) signed an Asset Sale Agreement to acquire Telecommunications Business and Customer Assets of AGL Energy Limited (ASX:AGL) for approximately AUD 110 million. Aussie Broadband Limited (ASX:ABB) signed an Asset Sale Agreement to acquire Telecommunications Business and Customer Assets of AGL Energy Limited (ASX:AGL) for approximately AUD 110 million on February 11, 2026. The consideration consists of 22 million common equity of Aussie Broadband Limited to be issued for Telecommunications Business and Customer Assets of AGL Energy Limited. Aussie Broadband Limited will pay an earnout payment of AUD 10 million common equity in AUD 2 million tranches, subject to meeting specified net growth hurdles. As part of consideration, AUD 109.66 million is paid towards Telecommunications Business and Customer Assets of AGL Energy Limited.
The expected completion of the transaction is June 2026. The transaction is expected to be EPS accretive. Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to AU$5.20, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 46x in the Telecom industry in Oceania. Total returns to shareholders of 77% over the past three years. Announcement • Jan 29
Aussie Broadband Limited to Report First Half, 2026 Results on Feb 23, 2026 Aussie Broadband Limited announced that they will report first half, 2026 results on Feb 23, 2026 Recent Insider Transactions • Sep 03
Co-founder & Non-Executive Director recently sold AU$11m worth of stock On the 26th of August, Phillip Britt sold around 2m shares on-market at roughly AU$5.25 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Phillip has been a net seller over the last 12 months, reducing personal holdings by AU$15m. Major Estimate Revision • Aug 31
Consensus EPS estimates increase by 13% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from AU$0.151 to AU$0.171. Revenue forecast steady at AU$1.30b. Net income forecast to grow 50% next year vs 50% growth forecast for Telecom industry in Australia. Consensus price target up from AU$4.54 to AU$5.79. Share price rose 16% to AU$5.17 over the past week. Declared Dividend • Aug 27
Final dividend of AU$0.024 announced Shareholders will receive a dividend of AU$0.024. Ex-date: 5th September 2025 Payment date: 22nd September 2025 Dividend yield will be 1.2%, which is lower than the industry average of 4.7%. Reported Earnings • Aug 26
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: AU$0.11 (up from AU$0.097 in FY 2024). Revenue: AU$1.19b (up 19% from FY 2024). Net income: AU$32.8m (up 25% from FY 2024). Profit margin: 2.8% (up from 2.6% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.7%. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Telecom industry in Australia. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 26% per year. Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to AU$5.36, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 47x in the Telecom industry in Oceania. Total returns to shareholders of 106% over the past three years. Announcement • Aug 18
Aussie Broadband Limited, Annual General Meeting, Oct 14, 2025 Aussie Broadband Limited, Annual General Meeting, Oct 14, 2025. Announcement • Jul 25
Aussie Broadband Limited to Report Fiscal Year 2025 Results on Aug 25, 2025 Aussie Broadband Limited announced that they will report fiscal year 2025 results on Aug 25, 2025 Recent Insider Transactions • Jun 03
Co-founder & Non-Executive Director recently sold AU$1.6m worth of stock On the 29th of May, Phillip Britt sold around 400k shares on-market at roughly AU$4.07 per share. This transaction amounted to 2.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$5.6m more than they bought in the last 12 months. Recent Insider Transactions • May 15
Co-founder & Non-Executive Director recently sold AU$1.5m worth of stock On the 13th of May, Phillip Britt sold around 350k shares on-market at roughly AU$4.26 per share. This transaction amounted to 2.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$4.4m more than they bought in the last 12 months. Announcement • Apr 04
Aussie Broadband Limited Appoints Graeme Barclay as Non-Executive Director, Effective 7 April 2025 Aussie Broadband Limited announced that Graeme Barclay will be joining the Board as a Non-Executive Director, effective 7 April 2025. Graeme is a former telecommunications infrastructure CEO and qualified chartered accountant with 40+ years experience in professional services, investment banking, broadcast and telecommunications infrastructure businesses. Within the telecommunications sector his previous roles include CEO of BAI
Communications for 11 years; Chairman of Transit Wireless LLC, the exclusive operator of cellular and wifi network infrastructure in the NYC Underground; Chairman of Nextgen Networks and Metronode Data Centres in Australia; CEO and NED of Axicom Group Limited (independent mobile tower owner and operator); and Chairman of Uniti Group Limited (ASX: UWL), owner and operator of Fibre-to-the-Premise infrastructure. As CEO or Chairman in these businesses, Graeme led strategy development and execution, organic and inorganic growth and developed management teams in each of these businesses that generated significant value for investors. Graeme is currently Chairman of Codan where he has been a director since 2015 and chairman since February 2023. Announcement • Mar 20
Vicky Papachristos to Retire as Non-Executive Director of Aussie Broadband Limited, Effective 1 April 2025 Aussie Broadband Limited announced that after almost 5 years of service, Vicky Papachristos will retie as a non-executive director effective 1 April 2025. Vicky joined the Board of Aussie Broadband prior to the IPO. Major Estimate Revision • Mar 02
Consensus EPS estimates fall by 19%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from AU$1.17b to AU$1.18b. EPS estimate fell from AU$0.125 to AU$0.101 per share. Net income forecast to grow 32% next year vs 15% growth forecast for Telecom industry in Australia. Consensus price target up from AU$4.03 to AU$4.39. Share price rose 3.4% to AU$3.96 over the past week. Upcoming Dividend • Feb 28
Upcoming dividend of AU$0.04 per share Eligible shareholders must have bought the stock before 07 March 2025. Payment date: 24 March 2025. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Australian dividend payers (6.2%). Lower than average of industry peers (5.0%). Price Target Changed • Feb 26
Price target increased by 8.9% to AU$4.39 Up from AU$4.03, the current price target is an average from 11 analysts. New target price is 13% above last closing price of AU$3.87. Stock is down 14% over the past year. The company is forecast to post earnings per share of AU$0.11 for next year compared to AU$0.097 last year. Reported Earnings • Feb 25
First half 2025 earnings: Revenues exceed analysts expectations while EPS lags behind First half 2025 results: EPS: AU$0.041 (up from AU$0.039 in 1H 2024). Revenue: AU$588.5m (up 32% from 1H 2024). Net income: AU$12.2m (up 24% from 1H 2024). Profit margin: 2.1% (in line with 1H 2024). Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 41%. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Telecom industry in Australia. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Feb 24
Aussie Broadband Limited Announces Special Dividend for the Six Months Ended December 31, 2024, Payable on March 24, 2025 Aussie Broadband Limited announced on 24 February 2025, the directors declared an special dividend of 2.4 cents per ordinary share. The dividend will be fully franked and be paid on 24 March 2025. Ex-date is March 07, 2025. Record date is March 10, 2025. Announcement • Jan 21
Aussie Broadband Limited to Report First Half, 2025 Results on Feb 24, 2025 Aussie Broadband Limited announced that they will report first half, 2025 results on Feb 24, 2025 Announcement • Jan 17
Aussie Broadband Limited Announces Management Changes The Board of Aussie Broadband Limited announced that Group Managing Director and co-founder Phillip Britt has notified the Board he intends to retire as Group Managing Director on 28 February 2025 to pursue a personal community-focused venture in the Gippsland region where he grew up and still lives. Aussie Broadband Chief Executive Officer, Brian Maher, will be appointed as Group Chief Executive Officer from 1 March 2025. Brian is an experienced executive who joined Aussie Broadband in 2019 as Chief Financial Officer and Company Secretary, before being appointed as Aussie Broadband CEO in February 2024. Phil's role as Group Managing Director will change from executive director to Non-executive Director. Phil will also assume a newly created Special Technical Adviser position providing valuable knowledge, experience and technical insight into the expanding Aussie Broadband fibre optic network and other special projects. From 1 March 2025, Phil will commence as a Non-executive Director and Special Technical Adviser. As a substantial shareholder, Phil remains committed to Aussie Broadband's future and as Special Technical Adviser to the Group he will provide specialist technical advice to the Board and Executive Leadership Teams on projects such as the ongoing Aussie Fibre roll out. In addition to his new roles at Aussie Broadband, Phil is launching a new community focused venture in the Gippsland region Rural Fibre Co. Key terms of Phil's engagement as Special Technical Adviser: 2 year engagement to provide advisory services to Aussie Broadband, commencing 1 March 2025 and terminable by either party providing 6 months' notice; Option to extend by 1 year with agreement; Annual fee of $300,000 per year adjusted annually for CPI movements, based on an average time commitment of 5 days per month. Brian Maher joined Aussie Broadband in 2019 as Chief Financial Officer (CFO) and Company Secretary and was integral to the success of Aussie's ASX listing in 2020, before being appointed as Aussie Broadband CEO in February 2024. Prior to joining Aussie, Brian has a diverse background in financial management and leadership across a range of industries in insurance, materials handling, professional services and waste management. He has been in executive and senior finance roles since 1990, having served as the CFO at Australian Health Management ("ahm"), LocalAgentFinder, the CFO and Chief Executive Officer (CEO), and Executive Manager at Suncorp Group. Brian is a Chartered Accountant and Chartered Secretary and has a deep understanding of
developing fast growth businesses and a myriad of business types, including ASX, private equity, mutual not-for-profit, and private companies. Recent Insider Transactions • Nov 16
Executive Director recently sold AU$750k worth of stock On the 12th of November, Michael Omeros sold around 200k shares on-market at roughly AU$3.75 per share. This transaction amounted to 4.1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth AU$1.1m. Insiders have been net sellers, collectively disposing of AU$2.3m more than they bought in the last 12 months. Recent Insider Transactions • Nov 01
Co-founder recently sold AU$1.1m worth of stock On the 29th of October, Phillip Britt sold around 300k shares on-market at roughly AU$3.80 per share. This transaction amounted to 2.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Phillip has been a net seller over the last 12 months, reducing personal holdings by AU$1.6m. Major Estimate Revision • Oct 30
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from AU$0.134 to AU$0.118 per share. Revenue forecast steady at AU$1.16b. Net income forecast to grow 40% next year vs 36% growth forecast for Telecom industry in Australia. Consensus price target broadly unchanged at AU$3.89. Share price was steady at AU$3.76 over the past week. Announcement • Sep 25
Aussie Broadband Limited Announces Retirement of Richard Dammery as Non-Executive Director Aussie Broadband Limited announced that Dr. Richard Dammery will retire as a non-executive director at the conclusion of the 2024 Annual General Meeting. Richard joined the Aussie Board ahead of the Company's IPO in 2020, and has played an important role in the successful growth of the Company, and its milestone achievements in 2024 of reaching over $1 Billion revenue and market capitalisation. Announcement • Sep 23
Aussie Broadband Limited, Annual General Meeting, Oct 25, 2024 Aussie Broadband Limited, Annual General Meeting, Oct 25, 2024. Location: the offices of kpmg, tower two, collins square, 727 collins street, melbourne vic 3000, Australia Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to AU$3.80, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 28x in the Telecom industry in Australia. Total loss to shareholders of 22% over the past three years. Announcement • Sep 05
An undisclosed buyer entered into an agreement to acquire 12% stake in Superloop Limited (ASX:SLC) from Aussie Broadband Limited (ASX:ABB) for AUD 99.8 million. An undisclosed buyer entered into an agreement to acquire 12% stake in Superloop Limited (ASX:SLC) from Aussie Broadband Limited (ASX:ABB) for AUD 99.8 million on September 3, 2024. A cash consideration valued at AUD 1.66 per share will be paid for 60,122,667 shares. Reported Earnings • Aug 27
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: AU$0.097 (up from AU$0.091 in FY 2023). Revenue: AU$999.7m (up 27% from FY 2023). Net income: AU$26.4m (up 22% from FY 2023). Profit margin: 2.6% (down from 2.8% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 35%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Telecom industry in Australia. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Jul 22
Aussie Broadband Limited to Report Fiscal Year 2024 Results on Aug 26, 2024 Aussie Broadband Limited announced that they will report fiscal year 2024 results on Aug 26, 2024 Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to AU$2.88, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 22x in the Telecom industry in Australia. Total returns to shareholders of 8.3% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$2.69 per share. Major Estimate Revision • Jul 15
Consensus EPS estimates fall by 13% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from AU$0.148 to AU$0.129 per share. Revenue forecast steady at AU$1.01b. Net income forecast to grow 61% next year vs 79% growth forecast for Telecom industry in Australia. Consensus price target of AU$3.93 unchanged from last update. Share price fell 12% to AU$3.07 over the past week. Recent Insider Transactions • May 22
MD & Executive Director recently sold AU$453k worth of stock On the 20th of May, Phillip Britt sold around 125k shares on-market at roughly AU$3.63 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Phillip has been a net seller over the last 12 months, reducing personal holdings by AU$3.9m. Announcement • Apr 03
An unknown buyer agreed to acquire 7% stake in Superloop Limited (ASX:SLC) from Aussie Broadband Limited (ASX:ABB) for AUD50 million. An unknown buyer agreed to acquire 7% stake in Superloop Limited (ASX:SLC) from Aussie Broadband Limited (ASX:ABB) for AUD50 million on April 1, 2024. Price Target Changed • Mar 15
Price target decreased by 9.0% to AU$4.37 Down from AU$4.81, the current price target is an average from 7 analysts. New target price is 23% above last closing price of AU$3.55. Stock is up 11% over the past year. The company is forecast to post earnings per share of AU$0.15 for next year compared to AU$0.091 last year. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to AU$3.55, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 15x in the Telecom industry in Australia. Total returns to shareholders of 25% over the past three years. Major Estimate Revision • Feb 29
Consensus EPS estimates increase by 16% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from AU$937.9m to AU$1.02b. EPS estimate increased from AU$0.134 to AU$0.155 per share. Net income forecast to grow 131% next year vs 39% growth forecast for Telecom industry in Australia. Consensus price target up from AU$3.80 to AU$4.36. Share price rose 19% to AU$4.55 over the past week. Price Target Changed • Feb 27
Price target increased by 15% to AU$4.36 Up from AU$3.80, the current price target is an average from 7 analysts. New target price is 5.2% below last closing price of AU$4.60. Stock is up 47% over the past year. The company is forecast to post earnings per share of AU$0.15 for next year compared to AU$0.091 last year. Reported Earnings • Feb 24
First half 2024 earnings released: EPS: AU$0.039 (vs AU$0.036 in 1H 2023) First half 2024 results: EPS: AU$0.039 (up from AU$0.036 in 1H 2023). Revenue: AU$445.9m (up 18% from 1H 2023). Net income: AU$9.82m (up 15% from 1H 2023). Profit margin: 2.2% (down from 2.3% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Telecom industry in Australia. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to AU$4.53, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 16x in the Telecom industry in Australia. Total returns to shareholders of 69% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$4.55 per share. 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 07
Aussie Broadband Limited to Report First Half, 2024 Results on Feb 23, 2024 Aussie Broadband Limited announced that they will report first half, 2024 results on Feb 23, 2024 Board Change • Feb 02
Less than half of directors are independent Following Non-Executive Director Sue Klose's arrival on 01 February 2024, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Richard Dammery was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Jan 19
Consensus EPS estimates increase by 13% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from AU$0.133 to AU$0.151. Revenue forecast unchanged at AU$937.9m. Net income forecast to grow 78% next year vs 19% growth forecast for Telecom industry in Australia. Consensus price target of AU$3.76 unchanged from last update. Share price was steady at AU$3.72 over the past week. Announcement • Dec 13
Aussie Broadband Appoints Sue Klose as Non-Executive Director, Effective 1 February 2024 Aussie Broadband announced that Sue Klose will be joining the Board as a Non-Executive Director, effective 1 February 2024. Sue brings with her a wealth of knowledge and experience across digital strategy and product development, technology transformation, and high growth businesses. Sue has previously held the roles of Chief Marketing Officer at GraysOnline and Chief Operating Officer at 12WBT, amongst a range of other senior management roles. Sue is a non-executive director of Envirosuite. She is also chair of Stride Mental Health. Sue holds a Bachelor of Science (Economics) from the Wharton School of the University of Pennsylvania and an MBA (Finance, Strategy and Marketing) from the JL Kellogg School of Management at Northwestern University. Announcement • Dec 04
Aussie Broadband Limited has completed a Follow-on Equity Offering in the amount of AUD 20.000001 million. Aussie Broadband Limited has completed a Follow-on Equity Offering in the amount of AUD 20.000001 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 5,633,803
Price\Range: AUD 3.55 New Risk • Nov 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (15% increase in shares outstanding). Significant insider selling over the past 3 months (AU$3.5m sold). Buying Opportunity • Nov 04
Now 25% undervalued Over the last 90 days, the stock is up 23%. The fair value is estimated to be AU$4.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 44% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings is also forecast to grow by 34% per annum over the same time period. Announcement • Nov 04
Aussie Broadband Limited has filed a Follow-on Equity Offering in the amount of AUD 20 million. Aussie Broadband Limited has filed a Follow-on Equity Offering in the amount of AUD 20 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 5,633,803
Price\Range: AUD 3.55 Valuation Update With 7 Day Price Move • Sep 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to AU$4.16, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 39x in the Telecom industry in Oceania. Total returns to shareholders of 77% over the past year. Recent Insider Transactions Derivative • Sep 08
MD & Executive Director exercised options to buy AU$2.4m worth of stock. On the 6th of September, Phillip Britt exercised options to buy 698k shares at a strike price of around AU$1.00, costing a total of AU$698k. This transaction amounted to 4.7% of their direct individual holding at the time of the trade. Since March 2023, Phillip's direct individual holding has decreased from 15.98m shares to 14.75m. Company insiders have collectively sold AU$2.6m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Aug 30
MD & Executive Director recently sold AU$3.5m worth of stock On the 29th of August, Phillip Britt sold around 1m shares on-market at roughly AU$3.46 per share. This transaction amounted to 6.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Phillip has been a net seller over the last 12 months, reducing personal holdings by AU$3.3m. Reported Earnings • Aug 25
Full year 2023 earnings released: EPS: AU$0.091 (vs AU$0.024 in FY 2022) Full year 2023 results: EPS: AU$0.091 (up from AU$0.024 in FY 2022). Revenue: AU$788.0m (up 44% from FY 2022). Net income: AU$21.7m (up 308% from FY 2022). Profit margin: 2.8% (up from 1.0% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Telecom industry in Australia. Announcement • Aug 25
Aussie Broadband Limited, Annual General Meeting, Oct 26, 2023 Aussie Broadband Limited, Annual General Meeting, Oct 26, 2023. Announcement • Aug 08
Aussie Broadband Limited to Report Fiscal Year 2023 Results on Aug 25, 2023 Aussie Broadband Limited announced that they will report fiscal year 2023 results on Aug 25, 2023 New Risk • Jul 01
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: AU$737k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (50% net debt to equity). Significant insider selling over the past 3 months (AU$737k sold). Recent Insider Transactions • Apr 12
MD & Executive Director recently sold AU$313k worth of stock On the 6th of April, Phillip Britt sold around 98k shares on-market at roughly AU$3.19 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite the recent sale, Phillip has been a net buyer over the last 12 months, purchasing a net total of AU$1.5m worth of shares. Recent Insider Transactions • Apr 04
MD & Executive Director recently bought AU$850k worth of stock On the 31st of March, Phillip Britt bought around 269k shares on-market at roughly AU$3.16 per share. This transaction amounted to 1.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Phillip has been a buyer over the last 12 months, purchasing a net total of AU$1.9m worth in shares. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to AU$3.37, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 49x in the Telecom industry in Australia. Total loss to shareholders of 33% over the past year. Simply Wall St's valuation model estimates the intrinsic value at AU$6.48 per share. Reported Earnings • Feb 28
First half 2023 earnings released: EPS: AU$0.036 (vs AU$0.007 in 1H 2022) First half 2023 results: EPS: AU$0.036 (up from AU$0.007 in 1H 2022). Revenue: AU$379.0m (up 65% from 1H 2022). Net income: AU$8.57m (up AU$7.18m from 1H 2022). Profit margin: 2.3% (up from 0.6% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Telecom industry in Australia. Price Target Changed • Oct 27
Price target decreased to AU$3.76 Down from AU$4.25, the current price target is an average from 7 analysts. New target price is 61% above last closing price of AU$2.33. Stock is down 52% over the past year. The company is forecast to post earnings per share of AU$0.12 for next year compared to AU$0.024 last year. Announcement • Oct 21
Aussie Broadband Limited Approves the Election of Michael Omeros as a Director Aussie Broadband Limited approved the election of Mr. Michael Omeros as a Director of the company, at its AGM held on 21 October 2022. Announcement • Sep 21
Aussie Broadband Limited, Annual General Meeting, Oct 21, 2022 Aussie Broadband Limited, Annual General Meeting, Oct 21, 2022, at 10:30 E. Australia Standard Time. Location: KPMG offices, Tower Two, Collins Square 727 Collins Street, Docklands, VIC 3008 Morwell Victoria Australia Agenda: To consider adoption of Remuneration Report; to consider amendment to Constitution; to consider Re-Election of Ms Vicky Papachristos as a Director; to elect Mr Michael Omeros as a Director; and to transact such other business matters. Board Change • Sep 04
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Richard Dammery was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Sep 01
MD & Executive Director recently bought AU$500k worth of stock On the 30th of August, Phillip Britt bought around 184k shares on-market at roughly AU$2.72 per share. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Phillip has been a net seller over the last 12 months, reducing personal holdings by AU$8.9m. Price Target Changed • Aug 30
Price target decreased to AU$4.32 Down from AU$4.74, the current price target is an average from 6 analysts. New target price is 62% above last closing price of AU$2.67. Stock is down 36% over the past year. The company is forecast to post earnings per share of AU$0.13 for next year compared to AU$0.024 last year. Reported Earnings • Aug 30
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: AU$0.024 (up from AU$0.031 loss in FY 2021). Revenue: AU$546.9m (up 56% from FY 2021). Net income: AU$5.32m (up AU$9.82m from FY 2021). Profit margin: 1.0% (up from net loss in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 50%, compared to a 9.1% growth forecast for the Telecom industry in Australia. Announcement • Aug 29
Aussie Broadband Limited Provides Earnings Guidance for the Year 2023 Aussie Broadband Limited provided earnings guidance for the year 2023. Based on current market conditions, operating plan and year to date trading, the company expects to generate revenue in the range of $800 million to $840 million in fiscal year 2023. Announcement • Aug 22
Aussie Broadband Limited to Report Fiscal Year 2022 Results on Aug 29, 2022 Aussie Broadband Limited announced that they will report fiscal year 2022 results on Aug 29, 2022 Price Target Changed • Aug 02
Price target decreased to AU$4.82 Down from AU$5.19, the current price target is an average from 5 analysts. New target price is 60% above last closing price of AU$3.01. Stock is down 2.6% over the past year. The company is forecast to post earnings per share of AU$0.062 next year compared to a net loss per share of AU$0.031 last year. Price Target Changed • Jul 12
Price target decreased to AU$5.19 Down from AU$5.58, the current price target is an average from 5 analysts. New target price is 65% above last closing price of AU$3.15. Stock is up 13% over the past year. The company is forecast to post earnings per share of AU$0.062 next year compared to a net loss per share of AU$0.031 last year. Recent Insider Transactions • May 06
MD & Executive Director recently bought AU$500k worth of stock On the 3rd of May, Phillip Britt bought around 122k shares on-market at roughly AU$4.09 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Phillip has been a net seller over the last 12 months, reducing personal holdings by AU$9.4m. Major Estimate Revision • May 05
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from AU$0.06 to AU$0.05 per share. Revenue forecast steady at AU$543.3m. Net income forecast to grow 295% next year vs 50% growth forecast for Telecom industry in Australia. Consensus price target down from AU$5.99 to AU$5.72. Share price fell 28% to AU$4.01 over the past week. 
