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MNF, MY NET FONE LIMITED
nipper
post Posted: Aug 26 2020, 06:17 PM
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Net profit for MNF climbed 20 per cent to a record $11.95 million as demand for voice-over-internet network soared. The company has experienced three years of demand growth from blue chip customers such as Skype, Zoom and Google Meet during just a few weeks in March 2020, CEO Rene Sugo said.MNF customer usage data suggests that unified communications as a service (UcaaS) platforms such as Microsoft Teams will be the permanent winners from COVID19, potentially at the expense of Zoom or Slack.

Unified comms is the one shooting out of the gates right now, he said. In some ways, when the lockdown happened, people just reached out for whatever they could grab. We saw mobile traffic and audio conferencing traffic go through the roof and of course at collaborative platforms [like Skype and Zoom]. Now as the new normal settles down, we're seeing a lot of IT managers and CEOs going back to their organisations and going, 'how do I improve my business communications to allow working from home or another lockdown?

According to Mr Sugo, the post COVID future will be UcaaS, where messaging, video conferencing, voice over internet, collaboration tools and file sharing are offered on one cloud based platform.... From my point of view, everyone will have a UcaaS tool installed on their desktop. What a lot of UcaaS providers are now doing is allowing guest access from people outside your network. So with Microsoft Teams, I can now invite people outside my organisation into a team and video call. So that precludes the need to install other software like Zoom. My prediction is the specialist collaboration providers will eventually be absorbed into the unified all encompassing service providers. .. It is almost like the proof of concept has been successful. Everyone now understands the benefit of having unified comms via my desktop or laptop that I can take to home, work, or travel.

The physical internet infrastructure also allows Uber or Lyft customers to call drivers over the internet by connecting a mobile user handset to an online server, before initiating a separate connection to the driver, with both then joined in the cloud. As MNF sits between the two, there is never a connection between the consumer and business. The software provides the counterparties with temporary phone numbers to protect privacy and security. It also lets vehicle traders on carsales.com obtain temporary numbers. Revenue is generated by charging Uber or Carsales for every phone number in their inventories. During financial 2020, MNF's revenue climbed 7 per cent to $230.9 million.

Mr Sugo said he viewed MNF as more a software than internet infrastructure company; 85 per cent of the employees in its technology division are software engineers.



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"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: Jun 9 2020, 01:01 PM
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Double



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"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: Jun 9 2020, 01:01 PM
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https://open.spotify.com/episode/5HZltpGyHs..._email&nd=1

MNF boss talking about Covid time. Reached record high of $5.70 today



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"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: Jul 17 2017, 04:23 PM
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In Reply To: nipper's post @ Nov 1 2016, 05:34 PM

QUOTE
In Reply To: nipper's post @ Oct 26 2016, 01:48 PM

$5
trying again



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"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: Jun 20 2017, 11:07 PM
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"...... investors got carried away with telecommunications stocks in our own market because they thought that the acquisition-led growth would drive down average cost per user, while providing increased revenues that would flow through to the bottom line.

This theory worked, until it didn’t, for the share price of Vocus Communications. In a mere 18 months, this company completed a $1.2 billion merger with Amcom, followed by the $3.8bn deal with M2 Group. While trying to digest all this, there was board and management turnover.

The rise and demise of Vocus has been meteoric. The group’s shares rose from $2 to as high as $9.36 between mid-2013 and this time last year.

They proceeded to trade as low as $2.33 early last month after the company missed one too many profit guidance numbers.

Then the original “barbarians at the gate” came knocking: Kohlberg, Kravis & Roberts with a $3.50-a-share offer. You could have bought in at any point when this stock was heading south and thought that it was good value, and you would probably have been wrong.

In contrast, we spotted a much smaller telco, MNF, after it had come off about 15 per cent in a matter of months because of a fund manager selling about two million shares after their two small cap fund managers left to set up their own shop. Such “mandate”-related selling is something to look out for in the small cap space.

The small cap space in telcos is highly distinct and operates a very particular manner — small caps here are often playing a very different game to the major incumbents.

For example, Vocus and Telstra are focused on revenue per user, or RPU, and subscriber growth.

In contrast, MNF, being a software producer, concentrates on providing variants of its low-cost voice over internet protocol, or VoIP, technology to those customers ignored by the likes of Telstra: the thousands of developers providing voice communications apps to businesses.

A typical case might be Carsales, which uses MNF technology to provide people selling their cars with a temporary mobile number.

I always liked the MNF business but for the first time in a few years I saw value, based on its earnings multiple and dividend yield. ...'

... - Richard Hemming



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"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: Feb 13 2017, 08:12 AM
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insto's coming on board - Ausbil taking a 6% position ... but which fund; Emerging Leaders or MicroCAp?



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"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 31 2017, 08:42 AM
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TH - announcement about a business acquisition and associated funding.



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"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 17 2017, 07:52 AM
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In Reply To: nipper's post @ Nov 1 2016, 05:34 PM

QUOTE
MNF Group (ASX: MNF) made a significant amount of progress in regards to their international expansion, with Point of Presence (POP's) opened in Hong Kong, UK and the USA.

This allowed MNF to bring on several notable multinational clients such as SoftBank Corp and PCCW Global.

Domestically, MNF released its Mobile Virtual Network Operator (MVNO) late in the year, which allows any Australian business with a network of customers to roll out a mobile offering, fully branded as their own without the hassle of the back end.

didn't hold 5, but not dire (unlike some others in telco space)



--------------------
"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: Nov 1 2016, 05:34 PM
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In Reply To: nipper's post @ Oct 26 2016, 01:48 PM

$5



--------------------
"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: Oct 26 2016, 01:48 PM
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In Reply To: nipper's post @ Sep 6 2016, 09:53 AM

QUOTE
Better known as MyNetFone, the niche telco has held its lofty valuation despite the recent share battering suffered by Vocus Communications and TPG Telecom. Investors believe the internet telephony specialist is better insulated than its listed peers from a margin crunch when customers are converted to the national broadband network (NBN).

Like the old M2 Communications which merged with Vocus, MNF is network agnostic in that it buys capacity from the infrastructure owners and then uses its smarts to create enhanced products. This includes acquiring network capacity in the UK, the US and Hong Kong.

Vocus and TPG are on the nose as investors absorb the likely effects of the NBN roll out, which intensifies from early next year. While the retail telcos skirmish for market share, VOIP usage increasingly is migrating to mobile platforms independent of the NBN.

Yesterday's AGM guided to current-year earnings of $11m, which while 22 per cent higher was shy of expectations. Still, Criterion ascribes a long-term buy call on the strength of MNF's uninterrupted six-year track record of paying divs.
couldn't hold out - off a bit today .... but still above $4.60




--------------------
"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
 
 


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