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SLC, SUPERLOOP LIMITED
nipper
post Posted: Sep 24 2019, 09:36 AM
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- fully underwritten two-tranche placement to institutional investors to raise approximately $55million ; and
- fully underwritten 1 for 6 accelerated non-renounceable entitlement offer of fully paid ordinary shares in Superloop to raise approximately $35 million
at 82c a share

- its a recapitalisation; going to paying back senior debt. Core infrastructure in place. Incremental further investment coming from customer growth.



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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: Sep 23 2019, 02:23 PM
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It is understood SLC and its brokers have been testing investor appetite for a $80 million to $100 million equity raising, which would likely be done at a discount to the last close and likely via a placement of new shares. Fund manager sources said Canaccord Genuity had been introducing Superloop to potential investors.

Funds raised would likely be used to re-stock the company's balance sheet and allow the company's well regarded management team, led by Drew Kelton, to execute its business plan. Investor sources said pricing was expected to be pegged at about 75¢ a share, adding that questions had been raised about the company's increased debt levels and ongoing capital needs.

Superloop had $70.3 million net debt as at June 30 and senior bank facilities worth $120 million that were due to mature in October 2021. It recently told shareholders that the company was compliant with its banking covenants as at June 30 and had a waiver in place "on key covenant tests until 30th September 2019". Superloop also said it was in talks with its lenders to restructure its facilities.

A $90 million-odd raising would represent about 35 per cent of its current market capitalisation. Superloop shares last traded at $1.01. Should it come to market as fund managers expect, it would be the second time this year it had rattled the tin in front of investors.
AFR

...."Capital Hungry" !! Last raise was at $1.25, a suitor @ $1.90 walked. Are we there yet?



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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: Aug 1 2019, 08:26 PM
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INDIGO subsea cable now carrying live traffic and Australian national backbone network complete

• Infrastructure in place to further leverage Superloop's technology platforms for bandwidth-intensive in-building and on-campus demands in Australia, Singapore and Hong Kong
... with AARNET a co-investor, would you want to be investing in Aussie student hostels??


... and SLC came out with : " Updated FY20 underlying guidance doubling year-on-year to $14-$16m, excluding infrastructure transactions that are anticipated " but the SP didn't really "pop"



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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 1 2019, 10:09 AM
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[...in February] guidance for the 2019 financial year [was for ] statutory EBITDA of between $13 million and $18 million. This guidance was predicated on a number of factors, including that certain transactions were expected to complete and be recognised this financial year.

Despite its expectations to do so, the Company has not completed negotiations before 30 June 2019 to secure a significant commercial agreement which would have contributed the anticipated EBITDA to achieve its guidance for this financial year.

Accordingly, the expected EBITDA for FY2019 is now likely to be lower than that set out in the Presentation, and subject to the finalisation of June’s trading figures and completion of its audited full year results, in the range of approximately $7 million to $8 million (including approximately $1 million of restructuring costs from February 2019).

Negotiations with parties will continue and if successfully concluded will be reflected in future earnings.
- confession season.



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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: May 30 2019, 10:52 AM
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AARNet, Google, Indosat Ooredoo, Singtel, SubPartners and Telstra today announced that the INDIGO subsea cable system is now ready to be deployed by consortium members, following the on-schedule completion of the INDIGO West (4,600km Singapore to Perth) and INDIGO Central (4,600km Perth to Sydney cables.

Featuring new spectrum-sharing technology, each consortium member can independently leverage the new cable system to upgrade their networks and enable capacity increases on demand.

Spanning 9,200km, the INDIGO cable system will strengthen connectivity between Australia and the fast-growing Southeast Asian markets, providing lower latency and more reliable communication services. Using current coherent optical technology, the cable can support up to 36 terabits per second, the equivalent of simultaneously streaming millions of movies a second.




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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: May 16 2019, 03:22 PM
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Takeover talks between Superloop and Queensland Investment Corporation have come to an end.

“The board in discussions with QIC have been unable to agree a transaction, and on that basis, the parties have decided to discontinue the period of exclusivity.”

It comes with speculation that Canadian private equity firm Brookfield could be a second bidder for Superloop following the $494 million QIC offer. The thinking is that founder and major investor Bevan Slattery could have a hand in drumming up a rival offer from a private equity group now that QIC’s exclusive due diligence period has ended.

Infrastructure funds are eager to buy telecommunications assets at a time when major pure-play infrastructure acquisition opportunities remain scarce.

Mr Slattery remains a major shareholder in Superloop and it is understood that some investors in the internet connections company want a price higher than the $1.95 a share offered by QIC. It is understood some see $2.20 as closer to its value.
- hasn't helped in that sp down to $1.70s. ..... Bird/ hand/ bush



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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
 

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nipper
post Posted: May 3 2019, 09:17 AM
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SLC has received an unsolicited, non-binding, conditional and indicative proposal from QIC Private Capital Pty Ltd on behalf of its Global Infrastructure managed and advised funds and clients (collectively QIC) on 2 April 2019 to acquire Superloop for $1.90 per share

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On 26 April 2019, Superloop received a further revised non-binding, conditional and indicative proposal from QIC to acquire the Company for $1.95 per share Superloop’s closing share price upon receipt of the Initial Indicative Proposal (as at 2 April 2019) was $1.465.
The Revised Indicative Proposal includes two alternative forms of consideration to Superloop shareholders, namely, (i) full cash; or (ii) partial cash and partial scrip in a newly formed, unlisted entity

- hoping for a bidding war! (and I'll take the cash)



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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 27 2019, 10:46 AM
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Superloop will be cap in hand in front of fund managers and sophisticated investors on Monday.

Street Talk can reveal the company and its broker Morgans were putting the final touches to a $30 million-odd equity raising over the weekend.

Superloop is expected to seek to raise about $30 million via a placement of shares to sophisticated and professional investors, and a rights issue to existing shareholders. Slattery, a well-known telco sector entrepreneur and Superloop's founder, is expected to take up his rights in full.

Superloop is expected to tell potential investors it needs the funds to bankroll a handful of growth projects. The company has plenty on the go in Singapore, Hong Kong and Australia, including building the the INDIGO subsea cable systems which connect Singapore, Jakarta, Perth and Sydney
... and so they did. $30 million; Institutional placement plus retail offer 1 for 18 at $1.25

Copped an ASX query for their efforts. Now trading at $1.48 after getting it away.



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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: Dec 24 2018, 09:24 AM
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Final splice of Sydney-Perth-Singapore fibre optic cable done, ...on time and on budget









--------------------
"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 20 2018, 07:26 PM
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Superloop Ltd (ASX: SLC) share price surged 6% higher on Monday after the telecommunications infrastructure company released a strong full-year result. Superloop delivered a net profit after tax of $7.1 million on revenue of $125.2 million. Revenue was up 109% on the previous year and its net profit compared to a loss of $1.2 million in FY 2017.

A key driver of its growth was its Superloop segment which includes fixed line and fixed wireless connectivity solutions for wholesale and enterprise customers. That segment saw revenue double year-on-year to $61.2 million.

Also contributing strongly was its Superloop+ segment, previously known as the Cloud & Managed Services segment. Revenue jumped 68% to $36.6 million reflecting the contribution for the full year from BigAir’s CMS business. Its shares are expensive at 76x earnings, but could still be worth a closer look if you have a high tolerance for risk.
Motley Fool



--------------------
"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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