Duyuru • 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. Duyuru • 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. Duyuru • 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 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 released: EPS: AU$0.11 (vs AU$0.097 in FY 2024) 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 is forecast to grow 8.8% 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 25% per year. Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to AU$5.33, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 47x in the Telecom industry in Oceania. Total returns to shareholders of 103% over the past three years. Duyuru • Aug 18
Aussie Broadband Limited, Annual General Meeting, Oct 14, 2025 Aussie Broadband Limited, Annual General Meeting, Oct 14, 2025. Board Change • Aug 18
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. 5 non-independent directors. Independent Non-Executive Chair Adrian Fitzpatrick 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. Duyuru • 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 Duyuru • 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. Duyuru • 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. Duyuru • 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. Board Change • Feb 04
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. 4 non-independent directors. Independent Non-Executive Chair Adrian Fitzpatrick 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. Duyuru • 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 Duyuru • 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. Board Change • Dec 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. 4 non-independent directors. Independent Non-Executive Chair Adrian Fitzpatrick 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 • 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. Duyuru • 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. Duyuru • 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 21% over the past three years. Duyuru • 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 released: EPS: AU$0.097 (vs AU$0.091 in FY 2023) 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 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 4% per year, which means it is significantly lagging earnings. Duyuru • 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$2.89, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 22x in the Telecom industry in Australia. Total returns to shareholders of 8.6% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$2.68 per share. 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. Duyuru • 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. 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$3.54, 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 23% over the past three years. Valuation Update With 7 Day Price Move • Feb 29
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to AU$4.50, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 16x in the Telecom industry in Australia. Total returns to shareholders of 64% over the past three years. 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. Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • 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). Duyuru • 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 Buying Opportunity • Nov 04
Now 25% undervalued Over the last 90 days, the stock is up 24%. The fair value is estimated to be AU$4.84, 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. Valuation Update With 7 Day Price Move • Sep 21
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to AU$4.08, 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 74% over the past year. 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. Duyuru • Aug 25
Aussie Broadband Limited, Annual General Meeting, Oct 26, 2023 Aussie Broadband Limited, Annual General Meeting, Oct 26, 2023. Duyuru • 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 02
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$3.35, 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$6.44 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. 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. Reported Earnings • Aug 30
Full year 2022 earnings released: EPS: AU$0.024 (vs AU$0.031 loss in FY 2021) 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). Over the next year, revenue is forecast to grow 50%, compared to a 9.1% growth forecast for the Telecom industry in Australia. 
