MP1, MEGAPORT LIMITED

[nipper]

Global update - S/P pushing higher, above $5.30

3Q FY19 highlights:
● Revenue for the period was $8.96M, an increase of 8% from the last quarter.
● Total Monthly Recurring Revenue for March 2019 was $3.11M, an increase of $395K, 15% QoQ.
● Total Installed Data Centres was 264 at the end of the quarter, an increase of 19 across three regions, or 8% QoQ.
● Total Enabled Data Centres was 465 at the end of the quarter, an increase of 79 across three regions, or 20% QoQ.
● Customers increased by 7% QoQ to a total of 1,367.
● Total Ports increased in the quarter to 3,668, or 10% QoQ.
● Total Services increased in the quarter to 10,374, or 19% QoQ, of which VXCs increased in the quarter to 5,312, or 18% QoQ.
● Average Revenue per Port in December 2018 increased to $848, or 4% QoQ.
● At the end of March 2019, the Company’s cash position was $73.8M (including bank term deposits but excluding the up to $10M in proceeds from SPP).

[nipper]

In Reply To: nipper's post @ Mar 13 2019, 08:49 AM

SPP @ $4.00 for existing s/holders .. but this will be scaled back

.... with the S/P at 4.70 and the share purchase plan still open for more than a week, I'd reckon participation will be high

[nipper]

Essentially, the cloud is just a metaphor for the internet. The dictionary definition of cloud computing is the practice of using a network of remote servers hosted on the Internet to store, manage, and process data, rather than a local server or a personal computer.

This means that for individuals, a benefit of using the cloud is that as remote servers handle much of the computing and storage, you don't necessarily need an expensive, high-end machine for the same outputs.

Some background, opportunities and risks

In mid-2017, computer scientists at Google’s security-research unit Project Zero helped discover two 20-year-old flaws in computer chips that were so widely used it meant just about every computer and network in the world was vulnerable to hacking.

Among those vulnerable to the microprocessor flaws were the providers of cloud computing, those that offer IT resources from data centres over the internet. By the time the flaws were made public in January 2018, however, the major cloud-service providers such as Amazon, Google and Microsoft had secured their systems and enhanced their reputations for competence and security.

The ability of cloud service providers to remind people of their worth when such a vulnerability emerged is among reasons why the practice of cloud computing has become a US$176 billion industry over the past 15 years or so.

The sharing of remote IT resources is expected to grow in coming years. Morgan Stanley estimates that by 2021, businesses will send 44% of application workloads to the public cloud - more than double today’s figure of 21%. US consultancy Gartner predicts the global cloud services market will reach US$278 billion by 2021. All up, cloud computing is proving to be a rare part of technology; it is surpassing predictions of its usefulness and doing so in a relatively trouble-free manner in an era when much technology is shrouded in controversy.

To be sure, any large, fast-growing industry is bound to stir up some issues. Data centres can have technical problems that put them temporarily out of service. Their large energy demands could attract criticism, although cloud computing is a more efficient use of resources at a society level and cloud providers are adept at maximising energy efficiency. Issues about ‘data sovereignty’ have prompted some governments to force cloud service providers to contain data within country borders. No part of the internet, including cloud data centres, will ever be fully secure. The European banking regulator worries that the outsourcing of core banking systems to the cloud is a systemic risk. Increasing market dominance by the likes of Amazon and Microsoft could attract the attention of anti-trust regulators.

It must be said too that for all the benefits the cloud offers not everything will shift to data centres. Cost-wise, for instance, cloud computing might be better suited to variable volumes of data processing. Certain core operational workloads might stay on the premises, as might critical IT and customised processing. The same goes for data that must stay on site for compliance reasons. Another brake on cloud growth is that applications such as autonomous driving still benefit from having computing resources closer to the data source.

But these caveats pale next to the bigger trends. Favourable economics, technological advancements and security concerns will prompt businesses to outsource more IT to the large data centres that comprise the cloud. In the foreseeable future, cloud computing is likely to fulfill upbeat expectations of its benefits without stirring up too much trouble.

- from Magellan, on a bigger trend. This local boat seems to be rising with the tide.

[nipper]

In Reply To: nipper's post @ Mar 13 2019, 06:07 AM

Plus a $10mill. SPP @ $4.00 for existing s/holders .. but this will be scaled back

[nipper]

According to AFR

Megaport is expected to be in the market on Wednesday, seeking to raise new equity.

Offshore fund manager sources told Street Talk the company was seeking about $50 million and started wall-crossing investors on Tuesday night.

The deal has been priced at $4 and will be managed by RBC Capital Markets and Morgans. Bevan Slattery is understood to be selling down a portion of his shareholding as part of the transaction.

- so hungry for capital

[nipper]

Megaport Ltd (ASX: MP1)

Megaport was founded by Bevan Slattery, who previously had founded data centre operator NEXTDC Ltd (ASX: NXT) and connectivity services provider Superloop Ltd (ASX: SLC). It is a provider of elastic interconnection services across data centres globally. This service allows its customers to increase and decrease their available bandwidth in response to their own demand requirements instead of being tied to fixed service levels on long-term and expensive contracts.

Earlier this month Megaport released its global update which revealed that in the second quarter of FY 2019 the company increased its reported revenue by 21% to $8.3 million and monthly recurring revenue by 14% quarter on quarter. With the cloud computing boom continuing to accelerate, I believe Megaport well-positioned to continue this above average growth for some time to come.

Motley Fool

[nipper]

Good growth numbers coming from N American operations .... lifting the SP today.

Quarterly will be released 17 Jan

[nipper]

An article on Bevan Slattery, serial entrepreneur and now focusing on MP1 and SLC.

https://www.afr.com/business/telecommunicat...20180613-h11cb9

( will extract some pertinent bits and paste, later on)

[nipper]

T Halt... raising $60mill including a SPP

[nipper]

Megaport has woken from a slumber; not sure why but enjoying the lift

and now $4 (doubled in under six months)