Vocus Communications Juggling Too Many Balls in the Air; FVE Cut to AUD 7.00 per Share
We have cut our fair value estimate for Vocus Communications by 5% to AUD 7.00 per share. This reflects a diminution of earnings power from the recently acquired Nextgen, a permanent business loss in the corporate and wholesale segment, and moderation in sustainable margin forecasts across the group.The downgrade is mild compared with the 23% slump in the stock price, following management's disappointing guidance of AUD 205-215 million normalised net profit after tax, or NPAT, for fiscal 2017—o...
Vocus Group is a telecommunications provider, providing telecommunications and other services to customers across Australia and New Zealand.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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