Question 1

What is the current financial health of Australia's largest telecommunications provider?

Accepted Answer

Telstra reported a 3.6% decline in annual revenue, falling to $27.8 billion for the 2019 fiscal year. Despite the top-line contraction, the company maintained a net profit of $2.1 billion.

Question 2

How is the media landscape shifting in terms of consolidation?

Accepted Answer

Nine Entertainment is consolidating its position through a $275.4 million enterprise value offer for Macquarie Media. This move follows a period of strong performance where Nine recorded 40% revenue growth compared to the previous period.

Question 3

What are the key growth indicators for the digital payments and fintech sector?

Accepted Answer

The sector is seeing massive scaling, with Afterpay Touch Group reporting 86% growth in total income. Zip Co is also expanding its footprint, securing $500 million in its first Zip Master Trust issuance to fund the acquisition of PartPay.

Question 4

Are software and ICT firms pursuing aggressive acquisition strategies?

Accepted Answer

Yes, inorganic growth is a priority, as seen in Bravura Solutions’ $50 million acquisition of Midwinter. This activity is supported by strong underlying financials in the tech sector, exemplified by Altium achieving US$172.8 million in FY19 revenue.

Monthly Australian TMT Wrap: August 2019

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