Registered Members Login:
   
Forgotten Your Details? Click Here To Recover +
Welcome To The ShareCafe Community - Talk Shares And Take Stock With Smart Investors - New Here? Click To Register >

A reminder to all members that you agree through the use of ShareCafe, that you understand and accept the TERMS OF USE.


5 Pages (Click to Jump) V   1 2 3 4 > »    
 
  
Reply to this topic

MP1, MEGAPORT LIMITED
nipper
post Posted: Jun 1 2020, 03:36 PM
  Quote Post


Posts: 7,087
Thanks: 2433


In Reply To: mullokintyre's post @ Jun 1 2020, 01:47 PM

I was planning to go fishing in my new Zegna suit, but you seem to imply they are mutually exclusive.



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
mullokintyre
post Posted: Jun 1 2020, 01:47 PM
  Quote Post


Posts: 2,507
Thanks: 894


Congrats, so what are you going out to buy??
What about a new 4WD, fishing boat, or maybe a Zegna suit?
Mick



--------------------
sent from my Olivetti Typewriter.
 
nipper
post Posted: Jun 1 2020, 01:27 PM
  Quote Post


Posts: 7,087
Thanks: 2433


Took part in the SPP; I committed the full $30k seeing the trading price was well above $9.50 offer. But, as with prior offers, scale back loomed. Ended with less than 25% or $6772.

Oh, well. Trading has held up and closing on $14 again so I can't complain



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Apr 11 2020, 09:59 AM
  Quote Post


Posts: 7,087
Thanks: 2433


finally a bit of recognition for a story I've been in and out of, making money as the stock has gained .

MP1 went down during the Covid-19 sell off but has rebounded. Only issue, as with most data storage and connectivity stories is that growth needs funding. Now there's another capital raising going on, with retail getting a SPP, which is fine except it dilutes the non participants.... Likely to be scaled back as it has been in earlier actions. So I'm glad I've traded it on the way up, and taken profits along the way.

QUOTE
The surge in working from home as a result of the coronavirus crisis has meant Megaport ((MP1)) has benefited from an increase in connections via virtual desktop infrastructure and cloud-based applications. Telecommunications companies and data centres are typically considered critical infrastructure and remain in “safe mode” operations despite the lock-downs.

In its third quarter update the company achieved the acceleration in uptake that UBS was looking for, particularly in terms of the number of ports added and the incremental monthly recurring revenue.

Port and services sales accelerated by 11% and 12% respectively in the the third quarter. A weaker Australian dollar also provide benefits as around 60% of revenues are generated offshore. Third quarter revenue grew 10% to $15.2m.

The business is now moving closer to a maiden positive operating earnings outcome, expected in the fourth quarter of FY21. This is perceived as a major turning point by UBS and, with growth momentum accelerating, the broker’s rating is upgraded to Buy from Neutral.

The broker recognises the current market volatility and the flight-to-quality that has underpinned the share price but considers any near-term weakness remains a good buying opportunity.

Goldman Sachs agrees there is a defensive earnings outlook relative to other companies under its coverage and Megaport is on track to achieve FY20 revenue forecasts. Still, the broker, not one of the seven monitored daily on the FNArena database, retains a Neutral rating and $10.85 target, believing the earnings and balance sheet are reflected in the current valuation.

The broker believes the company’s solution is relevant for corporates that are likely to be accelerating the migration of infrastructure to the cloud. Ord Minnett agrees and anticipates further opportunities after the crisis has passed.

Morgans points out Megaport had already employed mobile extensively as around 60% of its staff were already working remotely before the crisis. Hence, moving to 100% was relatively smooth.

Moreover, the broker notes, in February, Megaport flagged events in China and, concerned about potential delays in the supply chain, ordered networking equipment required to fill plans for 380 connections to data centres by June 2020.

The business is not yet generating cash so its balance sheet and access to capital remain the focus in the current climate. Morgans reports, at the end of February, there was more than $100m in cash which equates to around two years of funding based on the company’s last quarterly cash burn rate.

Future In The Cloud

UBS is comfortable around expectations for the shift to the cloud amid continued growth in both Microsoft Azure and Amazon Web Services. The broker expects compound growth of 18% in 2017-21 for global public cloud business.

UBS has its own survey data which shows increasing expenditure from existing users on the cloud, along with 40-45% of respondents planning to use multiple cloud products. The broker believes an age is looming where data will dominate new technology and the company’s software-defined-network provides the path for this data to move between the cloud and lower-tiered data centres.

Morgans also expects that the outcome of the coronavirus crisis will result in existing customers consuming more services and it may well be the tipping point whereby Megaport crosses into the mainstream, helping individuals with their network connections to the cloud and making remote access available to many other dedicated point-to-point solutions.

New customers are typically medium to large organisations with the ability to embrace technological improvements but Morgans is optimistic that Megaport’s offering may become a mass market solution.

FNArena’s database has two Buy ratings and one Hold (Ord Minnett). The consensus target is $11.98, suggesting 8.0% upside to the last share price

https://www.sharecafe.com.au/2020/04/07/a-b...s-for-megaport/



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Jan 15 2020, 09:33 AM
  Quote Post


Posts: 7,087
Thanks: 2433


In Reply To: nipper's post @ Oct 15 2019, 12:28 PM

MP1 popped 50c at open to above $11



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Dec 11 2019, 03:53 PM
  Quote Post


Posts: 7,087
Thanks: 2433


QUOTE
UBS has increased its price target on Megaport following the company's $62 million capital rising, saying it gave the company plenty of headroom to accelerate its rollout.

Maintaining its 'buy' rating on the stock, UBS lifted its price target from $11.30 to $11.55, more than 20 per cent above its Tuesday close.

The broker said the company's capital raising had "well and truly" de-risked funding requirements until Megaport's forecast break even point of 2021, would allow expansion into new geography and left headroom for any further strategic investments.

"Our thesis remains unchanged – Megaport will be a major beneficiary of the data generation over the next decade, with a large first mover advantage, low capital intensity and material operating leverage as the portfolio matures," said analyst Tim Plumbe. "We recognise the high multiples, but highlight the strong revenue growth profile."




--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 

Featured Stock Stories





nipper
post Posted: Oct 15 2019, 12:28 PM
  Quote Post


Posts: 7,087
Thanks: 2433


In Reply To: blacksheep's post @ Aug 22 2019, 12:18 PM

MP1 made it through $10 this morning, but couldn't hold.

...but I continue to.smile.gif



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Aug 22 2019, 12:18 PM
  Quote Post


Posts: 6,791
Thanks: 2307


In Reply To: nipper's post @ Aug 22 2019, 11:51 AM

Chart
https://www.shortman.com.au/stock?q=mp1
Attached thumbnail(s)
Attached Image


 




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: nipper  
 
nipper
post Posted: Aug 22 2019, 11:51 AM
  Quote Post


Posts: 7,087
Thanks: 2433


In Reply To: nipper's post @ Jul 24 2019, 09:30 PM

QUOTE
Closed around $7.60 today after a good market update ahead of reporting season.

- and good buying subsequently; now $8.40




--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Aug 21 2019, 10:00 AM
  Quote Post


Posts: 7,087
Thanks: 2433


QUOTE
Megaport accelerates growth trajectory delivering 78% revenue increase bolstered by significant rise in customers, Ports, and Total Services. Extending to 20 countries, Megaport reaches 528 Enabled Data Centres including 300 Installed Data Centres .

FY19 highlights:
● Revenue for the period was $35.1M, an increase of 78% from last year.
● Total monthly recurring revenue (MRR) for June 2019 was $3.6M, an increase of $1.6M, 82% YoY.
● Total Installed Data Centres was 300 at the end of June 2019, an increase of 79, 36% YoY. Total Enabled Data Centres was 528 at the end of June 2019.
● Customers increased by 44% YoY to a total of 1,490.
● Total Ports sold increased in the fiscal year to 4,069, a 48% increase YoY.
● Total Services sold increased in the fiscal year to 11,561, a 76% increase YoY.
● Average Revenue per Port in June 2019 increased to $887, due to increased service adoption. In June 2018, the average Revenue per Port was $720.
● The business generated a profit after direct network costs during the fiscal year of $11.9M, an increase of $7.5M, 166% YoY.
● Net loss for the full year was $33.6M.
● Successful capital raising activities of $60M were completed during the fiscal year.
● At the end of June 2018, the Company’s cash position was $74.9M.




--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
 


5 Pages (Click to Jump) V   1 2 3 4 > » 

Back To Top Of Page
Reply to this topic


You agree through the use of ShareCafe, that you understand and accept the TERMS OF USE.


TERMS OF USE  -  CONTACT ADMIN  -  ADVERTISING