2024 will be the year of the smart home, the acceleration of Europe's fibre rollout, transformative M&A and opportunities around 5G and cyber security. New regulation improves the playing field between telecom and tech firms while declining energy prices are a tailwind for the sector
After years of heavy pressure on revenues in the telecom sector, we make a call for near-term revenue stabilisation. From an operational perspective, the main themes for the telecom sector are the build-out of 5G and fibre networks. To improve the relative position of the sector regulators should review their measures to provide a more level playing field
After years of heavy pressure on revenues in the telecom sector, we make a call for near-term revenue stabilisation. From an operational perspective, the main themes for the telecom sector are the build-out of 5G and fibre networks. To improve the relative position of the sector regulators should review their measures to provide a more level playing field
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....
Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.
Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.
Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.
We view Orange as one of the prime beneficiaries of the movement to converged services (the merging of the traditional triple play of fixed-line telephony, broadband, and pay television with wireless telephony). When service bundling is combined with 4G and fiber, which help to differentiate its networks, we think Orange is well positioned for the macroeconomic trends hitting European communication markets. Orange now has 6.1 million convergent customers in France (60% of its retail broadband ba...
Orange reported first-quarter results that were roughly in line with our expectations, and we don’t anticipate any significant changes to our EUR 19 per local share fair value estimate. Our narrow moat rating remains intact, and we believe the shares are undervalued. On a comparable basis, the firm reported that revenue declined 0.1% year over year versus our full-year projection of a 0.1% gain. On a historical basis, revenue grew 1%. However, in France, the firm’s main market, revenue drop...
Orange reported first-quarter results that were roughly in line with our expectations, and we don’t anticipate any significant changes to our EUR 19 per local share fair value estimate. Our narrow moat rating remains intact, and we believe the shares are undervalued. On a comparable basis, the firm reported that revenue declined 0.1% year over year versus our full-year projection of a 0.1% gain. On a historical basis, revenue grew 1%. However, in France, the firm’s main market, revenue dropp...
We view Orange as one of the prime beneficiaries of the movement to converged services (the merging of the traditional triple play of fixed-line telephony, broadband, and pay television with wireless telephony). When service bundling is combined with 4G and fibre, which help to differentiate its networks, we think Orange is well positioned for the macroeconomic trends hitting European communication markets. Orange now has 6.1 million convergent customers in France or 60% of its retail broadband ...
We view Orange as one of the prime beneficiaries of the movement to converged services (the merging of the traditional triple play of fixed-line telephony, broadband, and pay television with wireless telephony). When service bundling is combined with 4G and fibre, which help to differentiate its networks, we think Orange is well positioned for the macroeconomic trends hitting European communication markets. Orange now has 6.1 million convergent customers in France or 60% of its retail broadband ...
Orange reported 2018 results that were a bit better than our projections, but we don’t expect any significant changes to our EUR 19 per local share fair value estimate. Our narrow moat remains intact, and we believe the shares are undervalued. The firm reported revenue grew 0.9% year over year versus our estimate of 0.1% growth. EBITDA was also slightly higher at EUR 13 billion, but relative to reported revenue, the EBITDA margin, at 31.4%, was a touch less than our projection of 31.5%. In its...
Orange reported 2018 results that were a bit better than our projections, but we don’t expect any significant changes to our EUR 19 per local share fair value estimate. Our narrow moat remains intact, and we believe the shares are undervalued. The firm reported revenue grew 0.9% year over year versus our estimate of 0.1% growth. EBITDA was also slightly higher at EUR 13 billion, but relative to reported revenue, the EBITDA margin, at 31.4%, was a touch less than our projection of 31.5%. In its...
Orange reported 2018 results that were a bit better than our projections, but we don’t expect any significant changes to our EUR 19 per local share fair value estimate. Our narrow moat remains intact, and we believe the shares are undervalued. The firm reported revenue grew 0.9% year over year versus our estimate of 0.1% growth. EBITDA was also slightly higher at EUR 13 billion, but relative to reported revenue, the EBITDA margin, at 31.4%, was a touch less than our projection of 31.5%. In it...
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