Aussie Broadband Drops Out of Favour
From market darling in 2021 to market pariah so far in 2021 - a familiar experience for tech stocks these days as Aussie Broadband grapples with the vagaries of investor appeal.
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Aussie Broadband Limited
Aussie Broadband is an Australian operated telecommunications and technology company that formed in 2008 in Morwell, Victoria. The Company provides a broad range of solutions to residential, business, enterprise and government customers, and provides wholesale services to other telecommunications companies and managed service providers. The Company is the 5th largest provider of broadband services in Australia and is one of only five tier 1 voice providers in Australia. Aussie Broadband is focused on building market share in the business, enterprise & government and wholesale segments through its range of data, voice, cloud and managed solutions, whilst continuing to build share in the residential segment.
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News
Market’s Appetite for Risk Unabated
Successful capital raisings for two Australian companies - one a telco, the other a miner - show the continuing appetite among investors for a good story based on solid performance.
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ABB Looking to Broaden its Horizons
Fresh from its solid 2020-21 performance, Aussie Broadband has revealed plans to raise new capital - said by media reports to be as much as $120 million - to finance further expansion.
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Profit Briefs: ABB, BKG, LFG
Books, broadband and money are three winners from Covid and its lockdowns among 2020-21’s new floats, as shown by the results of Aussie Broadband, Booktopia and Liberty Financial.
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ABB Plans To Expand Despite Profit Slump
Adelaide-based ABB Grain yesterday revealed it was continuing to diversify away from concentrating on barley and grains with a move deeper into the wool industry.
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ABB Bitten By Drought
As expected, ABB Grain was hit by the drought in the first half of its 2007 financial year with the performance of its wheat and barley grains businesses hurt.
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