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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.
Nick Swales, Regional Director, Newcastle Office, Rathbones 27/10/2014 |
â€śIf you want to have a better performance than the crowd, you must do things differently from the crowd.â€ť Sir John Templeton.
Ric Spooner (Chief Market Analyst, CMC Markets) 20/10/2014 |
Today, Australian investors will not have to go it alone buying stocks as they did for much of last week. Bargain hunters this morning will be supported by the morale boosting encouragement of a 3% turnaround in the German Dax and a 264 point rally in the Dow Jones.
Carl Richards, director of investor education at the BAM Alliance 17/10/2014 |
â€śAs odd as it may sound, the sooner you start treating your investments like you treat life, the happier youâ€™ll be with the outcome.â€ť
William H. Gross, Janus Capital Group 16/10/2014 |
â€śFinancial markets are artificially priced. In the bond market, there is nothing normal about a three year German Bund yielding â€śminusâ€ť 10 basis points.â€ť
CMC Markets 8/10/2014 |
Share market indices around the globe are breaking down. While analysts cast around for reasons, itâ€™s clear that a time factor is in play. Simply put, many investors â€śfeelâ€ť a correction is overdue. How low could it go?
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