Update on Megaport Ltd!

  • Sep 13, 2018 AEST
  • Team Kalkine
Update on Megaport Ltd!

Addition to the S&P/ASX 300 Index:As per September 2018 Quarterly Rebalance of the S&P/ASX Indices, MP1 stock is added to the S&P/ASX 300 Index, which will be effective from September 24, 2018. Megaport is a leading provider of elastic interconnection services and offers integration between the economics and cloud service model providing the ability to streamline the capacity by cranking bandwidth up and down in real time with flexible terms. The company has posted strong revenue for the full year 2018 with revenue coming in at $19.8 Mn, an increase of 85% from the previous year. Monthly recurring revenue was recorded at $2.0 Mn, up 63% YoY. Megaport activated 221 data centers in total and customer base increased 41% Y-o-Y to a total of 1,038. Average revenue per port also surged to $720 on the back of higher service adoption. In FY18, the company completed the $87.8 Mn capital raising activities and maintained the cash balance of $56.3 Mn. Net loss for the full year was recorded at $24.5 Mn, a decline of 18% from the previous year. Megaport has also inked consultancy agreement with non-executive director Peter Hase who will offer sales leadership and tactical assistance to the CEO on an interim basis.

Moreover, the group announced that Bevan Slattery would step down as an executive director of Megaport Limited. The company also published the allotment of 258 ordinary shares to director Vincent John English after which his total holdings rise to 27,740 fully paid ordinary shares (Direct) and 43,114 fully paid ordinary shares (Indirect). 

In another release on the company website, the recent agreement between ST Telemedia Global Data Centers and Megaport Limited requires the latter to deliver SDN-enabled, elastic interconnection, and cloud exchange services in STT Tai Seng 1 data center in Singapore.

Going ahead, the company is keen to establish itself as the leading global Network as a Service provider (NaaS) by ramping up the next leg of data interconnection services.

Meanwhile, the stock has fallen 20.41 percent in the past three months as at September 12, 2018 and traded at close to 52-week high level of $4.560. The stock traded at a market price of $ 3.800 (up 8.3%) with the market capitalization of circa $ 414.1 Mn as of September 13, 2018.

Dividend Stocks To Buy

The Income available from dividends remains attractive for many investors.

We take a look at the best yields on the market and assess what they say about a company’s prospect.

One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”

ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.

Click here to get your free report.


The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.


All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK