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.

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