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UWL

Uniti Wireless Limited Up 93% Since February 2019

Jordan Baird

Jordan Baird is the head ASR Wealth Advisers client services desk and has been with the organisation since 2017. He first started investing in his early years. While he believes that investors should leave no stone unturned he has a particular interest in trading based on broad macroeconomic trends along with specific analysis of innovative up-and-coming companies.

Uniti Wireless Limited (ASX: UWL) is a telecommunications company that provides full-service products that deliver fast and reliable internet and telco products to Australian consumers and businesses. The Company operates wireless technologies that improve network speeds as an alternate to the NBN, the firm has gained considerable market share in the Adelaide and Melbourne markets and continued to grow with the expansion of products to include NBN and private fibre networks. UWL currently is valued at a market cap of $256m and its share price has rapidly risen since its listing in February 2019 at a price of $0.16 to currently trading around $1.50.

Uniti Wireless Ltd - report
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Why has the share price jumped 20 cents in the last week?

Uniti Wireless Limited announced the successful completion of a $100.2m capital raise through placement and entitlement offers that began in August 2019, this ensures the Company will have adequate cash in the medium term to generate future profits. Uniti Wireless acquisition in August 2019 of LBNco a key broadband/Fibre retail service provider for $100m has given the firm key access to super high-speed internet products with speeds of 250Mbs well above NBN provided 100Mbs. This acquisition was reliant on the successful capital raise to ensure UWL activities can be funded in the medium term. The LBNco network also provides UWL with the opportunity to combine wireless and fibre networks in order to provide consumers with the best available product.

What does the future hold for UWL?

Uniti Wireless is looking to develop itself as a Mobile Virtual Network Operator providing wireless solutions on 4G and 5G platforms using other firm’s infrastructure. It also has capacity to deploy small cell wireless network infrastructure using 4G and 5G technology. UWL is focused on providing data solutions through technological development and combining its broadband and wireless networks to improve consumer experiences. In FY19 the Company generated a combined revenue of $40.7m at a margin of 60.7% bolstered considerably from the acquisition of LBNco.

 


 

Disclaimer:

This article has been prepared by the Australian Stock Report Pty Ltd (AFSL: 301 682. ABN: 94 106 863 978)

(“ASR”). ASR is part of Amalgamated Australian Investment Group Limited (AAIG) (ABN: 81 140 208 288 Level 13, 130 Pitt Street, Sydney NSW 2000).

This article is provided for informational purpose only and does not purport to contain all matters relevant to any particular investment or financial instrument. Any market commentary in this communication is not intended to constitute “research” as defined by applicable regulations. Whilst information published on or accessed via this website is believed to be reliable, as far as permitted by law we make no representations as to its ongoing availability, accuracy or completeness. Any quotes or prices used herein are current at the time of preparation. This document and its contents are proprietary information and products of our firm and may not be reproduced or otherwise disseminated in whole or in part without our written consent unless required to by judicial or administrative proceeding. The ultimate decision to proceed with any transaction rests solely with you. We are not acting as your advisor in relation to any information contained herein. Any projections are estimates only and may not be realised in the future.

ASR has no position in any of the stocks mentioned.

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