Question 1

What is the current valuation benchmark for mid-tier fiber and network infrastructure?

Accepted Answer

The market benchmark was recently tested by AGL’s non-binding proposal for Vocus Group at $4.85 per share in cash. Although the proposal was terminated, it establishes a clear valuation floor for integrated telecommunications assets during a period of heightened M&A interest.

Question 2

How much capital is the fintech sector currently attracting from institutional investors?

Accepted Answer

Institutional appetite remains aggressive, evidenced by Afterpay Touch successfully raising $317.2 million via a fully underwritten placement. This funding supports a business that generated $4.7 billion in underlying sales over the 11 months ending May 2019.

Question 3

What are the near-term earnings expectations for regional media and ICT services?

Accepted Answer

Profitability remains under pressure, with Prime Media Group forecasting FY19 EBITDA between $36.5 million and $38.5 million. In the ICT space, Arq Group expects underlying EBITDA to land in the $22.0 million to $25.5 million range for the fiscal year.

Question 4

Are digital marketplaces shifting their focus toward core operations?

Accepted Answer

Strategic divestment is accelerating, as seen with Carsales initiating the sale of its 50.1% stake in Stratton Finance. This move impacts a business unit responsible for $750.0 million in annual customer asset financing volume.

Monthly Australian TMT Wrap: June 2019

Abstract

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Abstract

Key Takeaways

Frequently Asked Questions

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