Technology & Telecommunications
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Is Vocus worth $6.10?
Russell Muldoon
July 10, 2014
Vocus worth $6.10?
On Tuesday, we reported on the exciting future for Vocus Communications (ASX: VOC) after their AU$107.7m acquisition of New Zealand’s largest ducted inter-city fibre optic network operator, FX Networks. continue…
by Russell Muldoon Posted in Companies, Insightful Insights, Takeovers, Technology & Telecommunications, Value.able.
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Vocus Communications announces sixth acquisition in four years
David Buckland
July 8, 2014
Vocus Communications (ASX: VOC) plans to acquire FX Networks Limited, New Zealand’s only ducted inter-city fibre optic network, for an enterprise value of NZ$116m (A$108m), or around 8 times EBITDA. This will be Vocus Communications’ sixth acquisition, and easily their largest, in the past four years. continue…
by David Buckland Posted in Insightful Insights, Takeovers, Technology & Telecommunications.
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What’s Next?
Ben MacNevin
June 5, 2014
NextDC (ASX: NXT), the developer and operator of data centres, is at an interesting cross roads. Having secured a national footprint, will the company continue to focus on expansion, or will it turn to demonstrating profitability? continue…
by Ben MacNevin Posted in Companies, Technology & Telecommunications.
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The case of Telstra
Scott Shuttleworth
May 26, 2014
While the market does its best at trying to distract and dissuade, we ignore its bipolar short-term nature and treat near-run market fluctuations as random. Instead, we think about (and focus on) uncovering companies that can substantially grow their worth – which moves much more slowly – over the long term. continue…
by Scott Shuttleworth Posted in Technology & Telecommunications.
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Telcos, revamped
Russell Muldoon
May 26, 2014
In the last decade or so, Australian mobile phone services have risen from 8 million to 30.2 million. Internet penetration has risen from 30 per cent to 89 per cent of households. And, despite unique anti-syphoning legislation, which ensures free-to-air TV gets to broadcast the big sporting events; Pay TV has increased to 30 per cent household penetration (despite being stuck there since 2008), from virtually nothing in 1995. continue…
by Russell Muldoon Posted in Insightful Insights, Market Valuation, Technology & Telecommunications.
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Does MTU Offer Value?
Tim Kelley
May 15, 2014
Telecommunications supplier M2 Group (ASX: MTU) is a business we have previously owned in The Montgomery Fund, and it was a rewarding experience. MTU shares rose from around $3.50 when TMF was launched in August 2012, to over $6.00 in August 2013. We parted ways with MTU at that time, as the full-year results announcement showed that MTU’s debt-fuelled acquisition strategy had stretched its balance sheet beyond the limits we consider to be investment grade. continue…
by Tim Kelley Posted in Companies, Insightful Insights, Technology & Telecommunications.
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Bubble watch #8
Roger Montgomery
April 29, 2014
Following on from the very bearish view of future returns from technology stocks held and published by Seth Klarman at the beginning of the year – he noted Amazon.com was trading at 515 times earnings, Netflix at 181 times, Tesla Motors at 279 times, and LinkedIn at 145 times – we thought you might be interested in similarly bearish views of the US hedge fund team at Greenlight Capital lead by David Einhorn (pictured). continue…
by Roger Montgomery Posted in Economics, Technology & Telecommunications.
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Quick Byte #3: Xero
Roger Montgomery
April 16, 2014
The third and final instalment of our Quick Bytes series is in. And this time, we’re summarising the notes we made at the UBS Emerging Companies conference on accounting software provider Xero.
by Roger Montgomery Posted in Companies, Technology & Telecommunications.
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Revisiting: TPG Telecom
Russell Muldoon
March 26, 2014
As an update to our last post on TPG Telecom (TPM:ASX) in December last year, the read-through from the business’ continued growth (as reported in accounts that were released on Tuesday) is that the future continues to shape up in a promising way. In short? TPG will be a major player in the Australian telecommunications sector – regulatory change notwithstanding.
by Russell Muldoon Posted in Companies, Insightful Insights, Technology & Telecommunications.
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Is the NBN shaping up to be a white elephant?
Tim Kelley
March 20, 2014
The National Broadband Network is a huge undertaking, with expected costs north of $40b. While the vision is admirable, the reality is starting to look very untidy.
by Tim Kelley Posted in Insightful Insights, Technology & Telecommunications.
