You are currently viewing our site as a guest, which gives you limited access to our site features. By signing up for a free membership, you will receive our Investment Opportunity newsletters and have access to additional features for finding and comparing managed funds and shares. Registration is fast and simple, so please:
Business Description: iiNet Limited (IIN) is a DSL Internet Service Provider (ISP) supporting 1.7 million broadband, telephony, mobile and Internet Protocol TV (IPTV) services to a range of residential, regional and corporate customers across Australia.
Strategy Analysis: IIN will continue its commitment to ADSL broadband, supported by the installation of its own DSLAMs, which provides a lower cost base than its competitors. Despite the National Broadband Network, rollout of its own DSLAMs will continue on a selective basis. Other strategies include: Brand launch campaigns for brand awareness, customer service and additional products such as VoIP, internet package and IPTV.
iiNET reported NPAT of $31.94m for the half-year ended 31 December 2012. Revenues from ordinary activities were $473.6m, up 30% from the same period last year. The increase in revenue was attributable to the following: continued expansion of the services provided to existing residential and business broadband customers; the acquisition of the TransACT Group on 30 November 2011; and the acquisition of Internode on 31 January 2012. Diluted EPS was 19.7 cents compared to 9.5 cents last year. Net operating cash flow was $71.66m compared to $22.74m last year. The interim dividend declared was 8.0 cents compared with 6.0 cents last year.
By Michael McCarthy (chief market strategist, CMC Markets) 19/12/2014 |
Traders and investors caught short heading into the FOMC scrambled for cover in Europe and the US, in many cases driving indices to their best one day performance for 2015.
By Betty Lam (Sales Trader, CMC Markets) 18/12/2014 |
Lead by the Fed-fervour offshore, Australians shares jumped on the Yellen cheer wagon. The material and energy stocks were back in vogue as both sectors gained over 3% in morning trade.
By Michael McCarthy (chief market strategist, CMC Markets) 18/12/2014 |
In spite of a frenzied pre-mortem, a benign statement from the US Federal Reserve‚Äôs Open Market Committee and steadying commodity markets drove investors back into share markets overnight. A calmer, stronger ruble helped offset European growth fears, highlighted in the overnight session by further declines in inflation.
By Betty Lam (Sales Trader, CMC Markets) 11/12/2014 |
Offshore jitters sent ripples through to Australian stocks. The open saw the local equities take 65 points off the index, catalysed by a mass-exit in energy stocks, yet again.
By Ric Spooner (Chief Market Analyst, CMC Markets) 10/12/2014 |
Yesterday‚Äôs news on Greek politics and China‚Äôs bond market came at a time when US and European stock markets have extended rallies and pushed valuations higher. This makes those markets vulnerable to downward corrections as profit takers act to avoid missing out.
BR Securities Australia Pty Ltd 2/12/2014 |
December 2014 could go down as a nasty moment in Australian finance. MYEFO will reveal a deteriorating budget deficit and the UNFCCC meeting in Lima, Peru will provide the agreement, to be ratified in Paris in 2015, on how much (or little) CO2 is to be allowed into the atmosphere from 2020.
IMPORTANT: This information has been prepared without taking into account your objectives, financial situation or needs and you should consider if the information is appropriate for you before making an investment decision. Neither InvestSMART Financial Services Pty Ltd nor any of its Related Companies make any recommendations as to the merits of any investment opportunity referred to in its emails or its related websites. Product disclosure statements for financial products offered through InvestSMART can be downloaded from this website or obtained by contacting 1300 880 160. You should consider the product disclosure statement before making a decision about the product. All indications of performance returns are historical and can not be relied upon as an indicator for future performance.