Vocus Group Ltd Market conditions remains elusive
Market conditions remains elusive: Vocus Group Ltd (ASX: VOC) revised its FY17 guidance with revenue now expected to be over $1.8bn compared to guidance of approximately $1.9bn, while underlying EBITDA is now estimated to be $365-375m compared to guidance of $430-450m. Further, underlying NPAT is forecasted to be in the range of approximately $160-165m compared to guidance of $205-215m. Moreover, based on the FY17 revised earnings forecast, the net debt at June 30, 2017 is expected to be $1-1.1bn. Further, the cumulative run rate of acquisition synergies expected to reach $57m in line with guidance. VOC continues to expect FY17 core capital expenditure (pre-ASC payments but inclusive of IRU payments) to be ~$182m. The group expressed about it realizing the financial metrics’ actual forecast to be lower than earlier guidance on May 02, 2017, based on a review of the trading inputs. On the other hand, the ongoing rollout of the NBN is creating headwinds for many telecommunication providers. VOC stock has fallen 68.5% in the twelve months as on June 06, 2017, placing them at lower levels, however, in the last one month, the stock has moved up 22% with slight improvement in sentiments.
Disclaimer DisclaimerThe advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people.Kalkine.com.au and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376).The information on this website has been prepared from a wide variety of sources, which Kalkine Pty Ltd, to the best of its knowledge and belief, considers accurate. You should make your own enquiries about any investments and we strongly suggest you seek advice before acting upon any recommendation.Kalkine Pty Ltd has made every effort to ensure the reliability of information contained in its newsletters and websites. All information represents our views at the date of publication and may change without notice. To the extent permitted by law, Kalkine Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss or data corruption). If the law prohibits this exclusion, Kalkine Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services. There may be a product disclosure statement or other offer document for the securities and financial products we write about in Kalkine Reports. You should obtain a copy of the product disclosure statement or offer document before making any decision about whether to acquire the security or product.The link to our Terms & Conditions has been provided please go through them and also have a read of the Financial Services Guide. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine Pty Ltd currently hold positions in: BHP, BKY, KCN, PDN, and RIO. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.CopyrightCopyright © 2015 Kalkine Pty Ltd ABN 34 154 808 312. No part of this website, or its content, may be reproduced in any form without the prior consent of Kalkine Pty Ltd.Kalkine is a trading name of Kalkine Pty Ltd ABN 34 154 808 312, which holds Australian Financial Services Licence No. 425376.