New Street Research - TPG Telecom Limited (TPM) New Street: TPG Telecom (Neutral): Ceasing coverage on Monday 29 June

Report

New Street Research

Ian Martin

New Street: TPG Telecom (Neutral): Ceasing coverage on Monday 29 June

TPG shareholders voted in favour of the merger with VHA today which now awaits a final Supreme Court sign-off before implementation on 13 July.

24/06/2020 9 EN

Underlying

TPG Telecom Limited

TPG Telecom is a telecommunications company based in Australia. Co. has three operating segments: Consumer, which provides retail telecommunications services to residential and small business customers; Corporate, which provides telecommunications services to corporate, government, and wholesale customers; and iiNet, which provides telecommunications and technology services to residential and business customers.

See profile

AU000000TPM6 Australia

Provider

New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

Pan European Telecom Services and Cable
US Telecoms, Cable, Satellite and Towers
Global Emerging Market Telecoms
Japan Telecoms
Asian Internet
Pan European Healthcare
Global healthcare thematic research

We provide debt research on:

Pan European Telecom Services and Cable

See profile

Analysts

Ian Martin

Other Reports on these Companies

Independent Investment Research

Monthly LMI Update Independent Investment Research

Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked. This compares to the total dividends of 5 cents per share in FY20. The Board has confirmed that, in...

August 6, 2021 August 6, 2021 10 EN

New Street Research

New Street Australian & New Zealand telecommunications: 2020 Hindsight, 2021 Insight

ASX telcos (including Spark NZ and Chorus) have largely recovered from the worst of the 2020 COVID impact in share price terms, with infrastructure telcos most exposed to datacoms growth and the accelerating digital economy having the best of it including Macquarie Telecom and Next DC (both data centre operators) as well as Chorus, Vocus and Superloop (fibre access and transmission companies).

January 14, 2021 January 14, 2021 9 EN

New Street Research

New Street: TPG Telecom: Vodafone wants its mojo back

TPG reports 1H20 results on 21 August; we outline several key benchmarks.

August 17, 2020 August 17, 2020 9 EN

Frontier / Verizon Deal - The case for a higher price

This report pulls together our work that makes the case for a higher price. We establish: 1) Frontier’s standalone value of at least $60; 2) synergy value of at least $11; 3) a value based on comparable transactions of at least $49; 4) Verizon’s ability to comfortably pay at least $67, and still create value for its shareholders; 5) a record of past telecom deals where investors have demanded more and received it, even without competing bids.

EUR 9103.00

14h / 26m 14h / 26m 1 EN

Blair Levin

Blair Levin

NSR Policy: Implications of Multiple Mergers at the FCC

It appears likely that within a few months, multiple transactions—TMUS buying US Cellular, VZ buying Frontier, and DISH and DirecTV merging—will be pending at the FCC. The transactions involve all four, or three (depending on how you think about it) of the national facilities based mobile carriers. Investors have asked, how will the presence of multiple transactions affect the process of approval for each other? We address that question in this note.

EUR 9103.00

14h / 29m 14h / 29m 1 EN

Pierre FerraguÊ

Pierre FerraguÊ

Besi: risk of a 2025 miss; secular growth story intact. Maintain Buy rating. €160 TP.

In 2025, consensus expects 44% revenue growth for Besi. We see downside risk in both mainstream packaging and hybrid bonding and expect growth of only 26%. Beyond 2025, we maintain our positive view. Across the cycle, Besi can grow its mainstream packaging business 5% p.a. while the hybrid bonding outlook is still wide open, but strong. We maintain our Buy rating and €160 Target Price. Valuation is already attractive, and could become even more so as expectations for 2025 come down.

15h / 30m 15h / 30m 1 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

New Street: TPG Telecom (Neutral): Ceasing coverage on Monday 29 June

Monthly LMI Update Independent Investment Research

New Street Australian & New Zealand telecommunications: 2020 Hindsight, 2021 Insight

New Street: TPG Telecom: Vodafone wants its mojo back

Frontier / Verizon Deal - The case for a higher price

NSR Policy: Implications of Multiple Mergers at the FCC

Besi: risk of a 2025 miss; secular growth story intact. Maintain Buy rating. €160 TP.

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe