Announcement • Jul 01
Thinkex Holdings Pty Ltd agreed to acquire onGroup Holdings Pty Ltd from Comms Group Limited (ASX:CCG) for AUD 30 million. Thinkex Holdings Pty Ltd agreed to acquire onGroup Holdings Pty Ltd from Comms Group Limited (ASX:CCG) for AUD 30 million on June 29, 2026. The consideration, which is subject to customary completion adjustments, consists of an upfront cash payment of AUD 28.5 million and AUD 1.5 million to be held in escrow for twelve months. As part of consideration, AUD 30 million is paid towards common equity of onGroup Holdings Pty Ltd.
Q Advisors LLC acted as a financial advisor for Comms Group Limited. Reported Earnings • Feb 28
First half 2026 earnings released: EPS: AU$0.002 (vs AU$0.001 loss in 1H 2025) First half 2026 results: EPS: AU$0.002 (up from AU$0.001 loss in 1H 2025). Revenue: AU$37.7m (up 39% from 1H 2025). Net income: AU$1.10m (up AU$1.38m from 1H 2025). Profit margin: 2.9% (up from net loss in 1H 2025). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Jan 28
Comms Group Limited to Report First Half, 2026 Results on Feb 25, 2026 Comms Group Limited announced that they will report first half, 2026 results on Feb 25, 2026 Recent Insider Transactions Derivative • Nov 28
Group CEO exercised options to buy AU$107k worth of stock. On the 26th of November, Peter McGrath exercised options to buy 2m shares at a strike price of around AU$0.072, costing a total of AU$108k. This transaction amounted to 5.1% of their direct individual holding at the time of the trade. Since June 2025, Peter's direct individual holding has increased from 27.65m shares to 29.55m. Company insiders have collectively bought AU$385k more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Nov 27
Comms Group Limited has completed a Follow-on Equity Offering in the amount of AUD 0.5 million. Comms Group Limited has completed a Follow-on Equity Offering in the amount of AUD 0.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,000,000
Price\Range: AUD 0.05
Transaction Features: Subsequent Direct Listing Announcement • Nov 26
Comms Group Limited has filed a Follow-on Equity Offering in the amount of AUD 0.5 million. Comms Group Limited has filed a Follow-on Equity Offering in the amount of AUD 0.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,000,000
Price\Range: AUD 0.05
Transaction Features: Subsequent Direct Listing Announcement • Oct 23
Comms Group Limited, Annual General Meeting, Nov 25, 2025 Comms Group Limited, Annual General Meeting, Nov 25, 2025. Location: at level 1, 45 clarence street, nsw, sydney Australia Recent Insider Transactions Derivative • Sep 09
Group CEO exercised options to buy AU$114k worth of stock. On the 2nd of September, Peter McGrath exercised options to buy 2m shares at a strike price of around AU$0.058, costing a total of AU$110k. This transaction amounted to 6.9% of their direct individual holding at the time of the trade. Since September 2024, Peter's direct individual holding has increased from 24.46m shares to 27.65m. Company insiders have collectively bought AU$328k more than they sold, via options and on-market transactions, in the last 12 months. New Risk • Aug 29
New major risk - Revenue and earnings growth Earnings have declined by 67% 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 Risks Earnings have declined by 67% per year over the past 5 years. Shareholders have been substantially diluted in the past year (37% increase in shares outstanding). Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (AU$31.3m market cap, or US$20.5m). Reported Earnings • Aug 29
Full year 2025 earnings released: AU$0.002 loss per share (vs AU$0 in FY 2024) Full year 2025 results: AU$0.002 loss per share (further deteriorated from AU$0 in FY 2024). Revenue: AU$56.7m (up 1.9% from FY 2024). Net loss: AU$648.2k (loss widened AU$545.1k from FY 2024). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Aug 07
Comms Group Limited to Report Fiscal Year 2025 Results on Aug 28, 2025 Comms Group Limited announced that they will report fiscal year 2025 results on Aug 28, 2025 Announcement • Jun 17
Comms Group Limited (ASX:CCG) completed the acquisition of Business and assets of TasmaNet Pty Ltd and select assets of Field Solutions Holdings. Comms Group Limited (ASX:CCG) entered into a binding business sale agreement to acquire Business and assets of TasmaNet Pty Ltd and select assets of Field Solutions Holdings for AUD 10 million on May 16, 2025. A cash consideration of AUD 10 million will be paid by Comms Group Limited. As part of consideration, AUD 10 million is paid towards assets of Business and assets of TasmaNet. The transaction will be financed through equity investment via a placement and underwritten, non-renounceable entitlement offer of AUD 7 million and a senior debt facility of AUD 10.7 million provided by Regal Funds Management.
The transaction is subject to third party approval needed. The deal is scheduled to occur before the end of May 2025.
Henslow Pty. Ltd. acted as financial advisor for Comms Group Limited. Thomson Geer acted as legal advisor for Comms Group Limited.
Comms Group Limited (ASX:CCG) completed the acquisition of Business and assets of TasmaNet Pty Ltd and select assets of Field Solutions Holdings on June 17, 2025. New Risk • Jun 11
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 38% This is considered a major 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: Major Risk Shareholders have been substantially diluted in the past year (38% increase in shares outstanding). Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (AU$26.5m market cap, or US$17.3m). New Risk • May 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 27% 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 Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (27% increase in shares outstanding). Market cap is less than US$100m (AU$25.3m market cap, or US$16.3m). Announcement • May 22
Comms Group Limited has completed a Follow-on Equity Offering in the amount of AUD 4.82 million. Comms Group Limited has completed a Follow-on Equity Offering in the amount of AUD 4.82 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 96,400,000
Price\Range: AUD 0.05
Discount Per Security: AUD 0.0025
Transaction Features: Subsequent Direct Listing Recent Insider Transactions • Mar 19
Non-Executive Chairman recently bought AU$54k worth of stock On the 11th of March, Ryan O’Hare bought around 1m shares on-market at roughly AU$0.054 per share. This transaction amounted to 2.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Ryan's only on-market trade for the last 12 months. New Risk • Mar 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (AU$19.9m market cap, or US$12.5m). Announcement • Feb 25
Comms Group Limited Announces Resignation of John Mackay as Non-Executive Director Comms Group Limited announced the resignation of John Mackay as a non-executive director, effective 25 February 2025. John was inaugural chairman of Comms Group when it listed on ASX in December 2017. John stepped down as Chair in 2024 and continued to serve the board and shareholders. Announcement • Jan 30
Comms Group Limited to Report First Half, 2025 Results on Feb 27, 2025 Comms Group Limited announced that they will report first half, 2025 results on Feb 27, 2025 Announcement • Oct 11
Comms Group Limited, Annual General Meeting, Nov 26, 2024 Comms Group Limited, Annual General Meeting, Nov 26, 2024. Location: at the bdo boardroom, level 11, 1 margaret street, sydney nsw Australia Recent Insider Transactions Derivative • Sep 21
Group CEO exercised options to buy AU$64k worth of stock. On the 13th of September, Peter McGrath exercised options to buy 800k shares at a strike price of around AU$0.079, costing a total of AU$63k. This transaction amounted to 3.4% of their direct individual holding at the time of the trade. Since December 2023, Peter's direct individual holding has increased from 22.06m shares to 23.66m. Company insiders have collectively sold AU$300k more than they bought, via options and on-market transactions in the last 12 months. Announcement • Aug 23
Comms Group Limited Announces Ordinary Fully Franked Dividend for the Year Ended June 30, 2024, Payable on October 16, 2024 Comms Group Limited announced ordinary fully franked dividend of AUD 0.00250000 per share for the year ended June 30, 2024. Ex-date is September 27, 2024. Record date is September 30, 2024. Payment date is October 16, 2024. New Risk • Aug 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Significant insider selling over the past 3 months (AU$484k sold). Market cap is less than US$100m (AU$24.2m market cap, or US$16.3m). Reported Earnings • Aug 21
Full year 2024 earnings released: EPS: AU$0 (vs AU$0.002 loss in FY 2023) Full year 2024 results: EPS: AU$0 (improved from AU$0.002 loss in FY 2023). Revenue: AU$55.6m (up 6.7% from FY 2023). Net loss: AU$103.1k (loss narrowed 82% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. New Risk • Aug 17
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$484k 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 Significant insider selling over the past 3 months (AU$484k sold). Market cap is less than US$100m (AU$21.3m market cap, or US$14.2m). Announcement • Aug 08
Comms Group Limited to Report Fiscal Year 2024 Results on Aug 21, 2024 Comms Group Limited announced that they will report fiscal year 2024 results on Aug 21, 2024 Announcement • Jun 08
Comms Group Secures Voip Reseller Licence with the Philippines National Telecommunications Commission Via Wholly Owned Philippines Subsidiary, Comms Group Philippines Inc Comms Group Limited has secured a Voice over Internet Protocol (VoIP) Reseller licence from the Philippines National Telecommunications Commission (NTC) enabling Comms Group Global to procure and resell wholesale and business VoIP-based telecommunications services in the Philippines using Comms Group's global network and local partners. Services include Unified Communications (Microsoft Teams Calling, Cloud/Hosted PBX) SIP trunking, CTS and the resale of DIDs, and will be provided to wholesale, enterprise, and multi-national customers in the Philippines and globally. The VoIP licence has been granted to Comms Group by the Philippines NTC, via wholly owned Philippines subsidiary, Comms Group Philippines Inc. Comms Group Philippines Inc. will leverage Comms Group's extensive global network coverage and capabilities and work with Philippines-based partners to provide these services. Services may be delivered with the Comms Group brand or re-sold globally by wholesale customers under their own brands. Reported Earnings • Feb 22
First half 2024 earnings released: AU$0.002 loss per share (vs AU$0.001 profit in 1H 2023) First half 2024 results: AU$0.002 loss per share (down from AU$0.001 profit in 1H 2023). Revenue: AU$17.8m (flat on 1H 2023). Net loss: AU$741.5k (down 247% from profit in 1H 2023). Revenue is forecast to grow 7.6% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Telecom industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 115 percentage points per year, which is a significant difference in performance. Announcement • Feb 05
Comms Group Limited to Report First Half, 2024 Results on Feb 21, 2024 Comms Group Limited announced that they will report first half, 2024 results on Feb 21, 2024 Announcement • Oct 20
Comms Group Limited, Annual General Meeting, Nov 21, 2023 Comms Group Limited, Annual General Meeting, Nov 21, 2023, at 11:30 AUS Eastern Standard Time. Location: BDO Boardroom (Room 5), Level 11, 1 Margaret Street, Sydney New South Wales Australia Agenda: To receive and consider the Financial Report, the Director's Report and the Auditor's Report for the Company and its controlled entities for the year ended 30 June 2023; to consider Remuneration Report; to consider re-election of Director - Mr John Mackay; to consider approval of additional 10% placement capacity; to consider issue of Performance Rights to related party: Peter McGrath; and to consider other matters. Recent Insider Transactions Derivative • Sep 27
Group CEO exercised options to buy AU$68k worth of stock. On the 20th of September, Peter McGrath exercised options to buy 900k shares at a strike price of around AU$0.072, costing a total of AU$65k. This transaction amounted to 4.3% of their direct individual holding at the time of the trade. Since March 2023, Peter has owned 21.16m shares directly. Company insiders have collectively bought AU$313k more than they sold, via options and on-market transactions, in the last 12 months. New Risk • Sep 21
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% 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 (2.4% increase in shares outstanding). Market cap is less than US$100m (AU$28.4m market cap, or US$18.2m). Announcement • Aug 23
Comms Group Limited Provides Financial Guidance for the Fiscal Year 2024 Comms Group Limited provided financial guidance for the fiscal year 2024. Fiscal year 2024 revenue is anticipated to be in the range of $53 million to $55 million. Reported Earnings • Aug 23
Full year 2023 earnings released: AU$0.001 loss per share (vs AU$0.002 loss in FY 2022) Full year 2023 results: AU$0.001 loss per share (improved from AU$0.002 loss in FY 2022). Revenue: AU$54.6m (up 32% from FY 2022). Net loss: AU$577.7k (loss narrowed 15% from FY 2022). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Telecom industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 116 percentage points per year, which is a significant difference in performance. Announcement • Aug 08
Comms Group Limited to Report Fiscal Year 2023 Results on Aug 23, 2023 Comms Group Limited announced that they will report fiscal year 2023 results on Aug 23, 2023 Recent Insider Transactions Derivative • Mar 22
Group CEO exercised options to buy AU$189k worth of stock. On the 13th of March, Peter McGrath exercised options to buy 3m shares at a strike price of around AU$0.064, costing a total of AU$173k. This transaction amounted to 15% of their direct individual holding at the time of the trade. Since June 2022, Peter's direct individual holding has decreased from 18.46m shares to 5.05m. Company insiders have collectively bought AU$693k more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Feb 23
First half 2023 earnings released: EPS: AU$0.002 (vs AU$0 in 1H 2022) First half 2023 results: EPS: AU$0.002 (up from AU$0 in 1H 2022). Revenue: AU$28.6m (up 65% from 1H 2022). Net income: AU$768.3k (up AU$829.6k from 1H 2022). Profit margin: 2.7% (up from net loss in 1H 2022). Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
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. Independent Non-Executive Director Claire Bibby was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 26
Full year 2022 earnings released: AU$0.002 loss per share (vs AU$0.002 profit in FY 2021) Full year 2022 results: AU$0.002 loss per share (down from AU$0.002 profit in FY 2021). Revenue: AU$41.3m (up 64% from FY 2021). Net loss: AU$677.4k (down 219% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 128% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • Aug 05
Comms Group Limited to Report Fiscal Year 2022 Results on Aug 25, 2022 Comms Group Limited announced that they will report fiscal year 2022 results on Aug 25, 2022 Recent Insider Transactions • Jul 03
Non-Executive Director recently bought AU$68k worth of stock On the 30th of June, Ryan O’Hare bought around 911k shares on-market at roughly AU$0.075 per share. In the last 3 months, there was an even bigger purchase from another insider worth AU$394k. Insiders have collectively bought AU$468k more in shares than they have sold in the last 12 months. Recent Insider Transactions • May 11
Group CEO recently bought AU$394k worth of stock On the 9th of May, Peter McGrath bought around 4m shares on-market at roughly AU$0.089 per share. This was the largest purchase by an insider in the last 3 months. This was Peter's only on-market trade for the last 12 months. Board Change • Apr 27
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. Independent Non-Executive Director Claire Bibby was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Feb 25
Comms Group Limited Provides Revenue Guidance for the Year 2022 Comms Group Limited Provided revenue guidance for the Year 2022. For the year the company expects FY22 revenue to be in the range of $40 million to $43 million. Comms Group, including onPlatinum is expected to have annualised revenue of $50 million. Announcement • Feb 19
Comms Group Limited to Report First Half, 2022 Results on Feb 24, 2022 Comms Group Limited announced that they will report first half, 2022 results on Feb 24, 2022 Announcement • Feb 11
Comms Group Limited (ASX:CCG) completed the acquisition of onGroup Holdings Pty Ltd. Comms Group Limited (ASX:CCG) agreed to acquire onGroup Holdings Pty Ltd for AUD 18 million on February 4, 2022. A total consideration of AUD 18 million, consisting of an upfront payment of AUD 10 million comprising cash consideration of AUD 8 million subject to adjustment for working capital and net debt and AUD 2 million in CCG ordinary shares issued at the 30-day VWAP of approximately 10.5c per share, with 100% escrowed for a period of 12 months and 50% escrowed for a period of 18 months from the date of completion. Deferred Payment to be paid on July 1, 2022, comprising a further cash payment of AUD 1 million and AUD 1 million in CCG ordinary shares issued at the lower of the 30-day VWAP or the closing share price at the issue date and up to AUD 6 million in earnout payments subject to EBITDA of 2023. The onPlatinum acquisition will be funded by a new debt facility of AUD 10 million established with the CBA and CCG shares issued to the vendors. Completion of the transaction is expected to occur on or around February 7, 2022. Comms group expects the acquisition to contribute to its revenue. Henslow acted as corporate advisor to Comms Group.
Comms Group Limited (ASX:CCG) completed the acquisition of onGroup Holdings Pty Ltd on February 11, 2022. Announcement • Feb 04
Comms Group Limited (ASX:CCG) agreed to acquire onGroup Holdings Pty Ltd for AUD 12 million. Comms Group Limited (ASX:CCG) agreed to acquire onGroup Holdings Pty Ltd for AUD 12 million February 4, 2022. A total initial consideration of AUD 12 million, consisting of the following: • Upfront Payment of AUD 10 million comprising:o Cash consideration of AUD 8 million subject to adjustment for working capital and net debt; ando AUD 2 million in CCG ordinary shares issued at the 30-day VWAP of approximately 10.5c per share,with 100% escrowed for a period of 12 months and 50% escrowed for a period of 18 months from the date of completion. • Deferred Payment to be paid on 1 July 2022 (“Deferred”) comprising:o A further cash payment of AUD 1 million; and AUD 1 million in CCG ordinary shares issued at the lower of the 30-day VWAP or the closing share price at the issue date. The onPlatinum acquisition will be funded by a new debt facility of AUD 10 million established with the CBA and CCG shares issued to the vendors. Completion of the transaction is expected to occur on or around February 7, 2022. Henslow acted as corporate advisor for the acquisition. Reported Earnings • Aug 31
Full year 2021 earnings released: EPS AU$0.002 (vs AU$0.014 in FY 2020) The company reported a mediocre full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: AU$25.2m (up 31% from FY 2020). Net income: AU$568.3k (down 78% from FY 2020). Profit margin: 2.3% (down from 13% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Aug 10
Comms Group Limited (ASX:CCG) entered into an agreement to acquire Switched On Australia for AUD 4.3 million. Comms Group Limited (ASX:CCG) entered into an agreement to acquire Switched On Australia for AUD 4.3 million on August 10, 2021. Under the terms, AUD 3.65 million Upfront cash consideration will be paid from existing cash reserve and deferred consideration of up to AUD 0.65 million to be paid 12 months following completion, subject to an adjustment based on revenue achieved over the next 12 months. Post completion, All Switched On staff including Leigh Schwarm to continue as employees of Comms Group. The acquisition of Switched On adds over 900 customers and two additional sales staff to Comms Group. Transaction completion is expected prior to the end of August 2021 with integration expected to be completed in FY22. Henslow acted as Corporate Advisor for the acquisition. Announcement • Apr 06
Comms Group Limited Provides Earnings Guidance for the Fiscal Year 2021 Comms Group Limited provided earnings guidance for the fiscal year 2021. For the year, run-rate revenue is now expected to be $35 million+ (over 90% recurring revenue). Recent Insider Transactions • Mar 19
Group CEO recently bought AU$115k worth of stock On the 16th of March, Peter McGrath bought around 2m shares on-market at roughly AU$0.073 per share. This was the largest purchase by an insider in the last 3 months. Peter has been a buyer over the last 12 months, purchasing a net total of AU$138k worth in shares. Announcement • Jan 31
Comms Group Limited (ASX:CCG) acquired Next Telecom Pty Limited for AUD 12 million. Comms Group Limited (ASX:CCG) entered into an agreement to acquire Next Telecom Pty Limited for AUD 12 million on December 16, 2020. Under the agreement, Comms Group Limited shall pay AUD 2 million in cash subject to adjustment for working capital and net debt, AUD 6.67 million through issuance of 70.8 million shares of Comms Group Limited and AUD 3.33 million shall be payable through issue of 33.3 million shares on the basis of EBITDA for financial year 2021 in or around October 2021. The consideration shares will be escrowed for 12 to 18 months from date of completion. The cash component of consideration will be financed through proceeds of AUD 6.25 million received from placement of shares. Post completion, Gavin Roache and Mark Manion, Key Executives currently running sales and operations of Next Telecom Pty Limited will join to run the Next Telecom Business as joined Chief Executive Officer. All other staff will be coming across as part of the Next Telecom team. Ryan O’Hare, the current Executive Chairman and Chief Executive Officer of Next Telecom will step down from his executive role with Next Telecom and will join Comms Group’s Board of Directors as a Non-Executive Director effective from 1 February 2021.
The transaction is subject to shareholders approval of Comms Group Limited. THe approval will obtain in shareholder's meeting scheduled on January 25, 2021 and completion is planned on January 29, 2021. The consideration is at an accretive EBITDA multiple for Comms Group.
Comms Group Limited (ASX:CCG) completed the acquisition of Next Telecom Pty Limited on January 29, 2021. As of January 25, 2021, Comms Group Limited's shareholders approved the transaction. Announcement • Jan 29
Ryan O'Hare Joins Comms Group Limited as Non-Executive Director, Effective from 1 February 2021 Comms Group Limited announced the completion of the acquisition of Next Telecom Pty Ltd. Ryan O'Hare will join Comms Group's Board of Directors as a Non-Executive Director, effective from 1 February 2021. Announcement • Dec 18
Comms Group Limited (ASX:CCG) entered into an agreement to acquire Next Telecom Pty Limited for AUD 12 million. Comms Group Limited (ASX:CCG) entered into an agreement to acquire Next Telecom Pty Limited for AUD 12 million on December 16, 2020. Under the agreement, Comms Group Limited shall pay AUD 2 million in cash subject to adjustment for working capital and net debt, AUD 6.67 million through issuance of shares of Comms Group Limited and AUD 3.33 million shall be payable through shares on the basis of EBITDA for financial year 2021. The consideration shares will be escrowed for 12 to 18 months from date of completion. The cash component of consideration will be financed through proceeds of AUD 6.25 million received from placement of shares. Post completion, Gavin Roache and Mark Manion, Key Executives currently running sales and operations of Next Telecom Pty Limited will join to run the Next Telecom Business as joined Chief Executive Officer. All other staff will be coming across as part of the Next Telecom team. Ryan O’Hare, the current Executive Chairman and Chief Executive Officer of Next Telecom will step down from his executive role with Next Telecom and will join Comms Group’s Board of Directors as a Non-Executive Director.
The transaction is subject to shareholders approval of Comms Group Limited. The approval will obtain in shareholder's meeting scheduled on January 25, 2021 and completion is planned on January 29, 2021. The consideration is at an accretive EBITDA multiple for Comms Group. Announcement • Dec 02
Comms Group Limited Appoints Matthew Beale as Its Permanent Full-Time CFO Comms Group Limited announced that it has appointed Matthew Beale as its permanent full-time CFO commencing 2 December 2020. This is subsequent to Matthew's appointment as interim CFO in August 2019. Matthew has over 25 years experience in finance and commercial roles. This includes working for a number of small to medium sized publicly listed and privately owned businesses, across a variety of industries, working closely with business owners and boards of directors. Recent Insider Transactions • Sep 22
Non-Executive Director recently bought AU$61k worth of stock On the 21st of September, Benjamen Jennings bought around 931k shares on-market at roughly AU$0.065 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$114k more in shares than they have sold in the last 12 months. Announcement • Aug 06
CommsChoice Group Limited to Report Fiscal Year 2020 Results on Aug 31, 2021 CommsChoice Group Limited announced that they will report fiscal year 2020 results at 4:48 AM, GMT Standard Time on Aug 31, 2021