Amaysim Australia Ltd gaining momentum on takeover speculation

Amaysim Australia Ltd gaining

Speculation about the takeover: Amaysim Australia Ltd.’s (ASX: AYS) stock surged 3.76% on August 07, 2018 as the company is being considered as a takeover target. As per few media reports, Optus owner Singtel is being considered to be in the early stages of exploring a takeover. If this happens, Optus could add approximately 1.2 million mobile subscribers to AYS and at a relatively cheap price on a per subscriber basis. On the other hand, AYS has recently appointed Peter O’Connell as the CEO and Managing Director of the company. Additionally, for FY 18, AYS expects statutory net revenue to be in the range of $573m – 583m, statutory EBITDA is expected to be in the range of $36m – 39m and underlying EBITDA is expected to be in the range of $45m – 48m. Meanwhile, AYS stock has fallen 16.22% in three months as on August 06, 2018.

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FY 18 Guidance (Source: Company Reports)

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