Investors Eye on Three Top Telecom Stocks - 5GN, TLS, ZIP

  • May 05, 2019 AEST
  • Team Kalkine
Investors Eye on Three Top Telecom Stocks - 5GN, TLS, ZIP

The investors could keep a close watch on the following telecom stocks:

Telstra Corporation Limited

Telstra Corporation Limited (ASX: TLS) is a telecommunication company that primarily provides telecommunications and information services. Incorporated in 1991, the company offers a range of telecommunication services like mobiles, internet, and paid television.

In early April this year, the company announced the appointment of Mr Vicki Brady as the Chief Financial Officer and Head of Strategy, who was the former Group Executive of Consumer and Small Business. The new CEO would take charge from 1st July 2019.

Australia’s leading telecom company, TLS announces the payment of an interim dividend of 8 cents per share on 29 March 2019. The dividend incorporated:

  • a special interim dividend of 3 cents per share and,
  • an ordinary interim dividend of 5 cents per share.

On 19th March 2019, Telstra informed that the company would issue bonds worth EUR 600 million (at a coupon rate of 1.375% with maturity on 26 March 2029). 6000 notes with a minimum denomination of EUR 100,000 would be issued under its Debt Issuance Program.

In February this year, TLS released its half-year results for FY 2019. The company reported a total income of $13.8 billion and net profit after tax of $1.2 billion.

The company’s stock closed at AUD 3.380 (as on 3 May 2019), up by 0.595% than the previous day’s market price. The market capitalisation of the company is reported at AUD 39.96 billion with its 52-week high and low value being AUD 3.460 and AUD 2.547 respectively.

ZipTel Limited

ZipTel Limited (ASX: ZIP), a telecommunication company based in Australia is engaged in providing international roaming and calling solutions to the consumer using advanced technologies. The company focusses on distribution of the two core products – AussieSim and ZipT.

Recently, ZipTel released its quarterly review for the Q3 FY2019. The company reported a cash balance of approximately $1.3 million at the end of the quarter. About A$38,000 were paid to the directors of the entity and their associates during the quarter.

On 16th April 2019, the company announced that it would issue 33,400,000 fully paid ordinary shares to investors qualifying under Section 708 of the Corporations Act to raise a capital worth $334,000 before costs. The proceeds from the shares would be used to extend the Company’s software development capabilities.

In February, ZipTel released its financial report for the half-year ended 31 December 2018, in which it reported the cash and cash equivalents of $1,391,485 at the end of the period.

The company’s stock traded flat during the day’s trading session and closed at AUD 0.017 (as on 3 May 2019). The company’s stock performance shows a YTD of 30.77% and 6.25% yield in six months.

5G Networks Limited

5G Networks Limited (ASX: 5GN) is a telecommunication service provider headquartered in Australia that offers services in connection to cloud and hosting services, data networking, etc. The company got officially listed on ASX on 17th November 2017.

The company announced its quarterly update for the quarter ending March 2019 on 26th April 2019. 5GN delivered a strong performance during the quarter with its cash balances rising by 8% to $15.4 million in comparison to the previous quarter. The company’s new and retained annualised contracted revenue stood at $6.8 million.

In the recent past, the company informed about the issue of 2,246,470 fully-paid ordinary shares at an issue price of $0.779 per share effective 17 April 2019. These ordinary shares were issued as consideration to Melbourne Data Centre Pty Ltd, pursuant to the asset purchase agreement settled on 17 April 2019.

The company’s stock closed at AUD 1.120 (as on 3 May 2019), up by 9.804% compared to the previous day’s market price. Around 1,324,340 number of shares were in trade today, and 63.46 million shares were outstanding. The company’s market capitalisation stood at AUD 64.73 million. The company’s stock has a strong YTD of 142.86%.


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