SLC – Morgans rates the stock as Add
The Add rating and $1.37 target price are retained.
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SLC – Morgans rates the stock as Add
Add rating and target rises to $1.33 from $1.27.
Read MoreMore Tech Wheeling and Dealing
Another bit of corporate action in the listed tech sector – the third in two days – with NBN provider Superloop bidding to buy Australia’s largest independent internet service provider Exetel.
Read MoreSLC – Morgans rates the stock as Add
FY21 earnings (EBITDA) guidance by Superloop was in-line with Morgans expectations, when “new investment for growth” is excluded.
Read MoreSLC – Morgans rates the stock as Add
The company has revised FY19 guidance to $7-8m from $13-18m previously, with the slippage attributed to transactions not occurring before balance sheet date. The company did not mention its prior FY20 operating earnings (EBITDA) guidance of $26-30m.
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