bullish
Comms Group Limited - Valuation Gap Widening Despite Solid Trading
SUMMARY
- Comms Group Ltd (ASX:CCG), a global IT and communications services group, has provided some updated trading commentary as part of its AGM presentation.
- Unaudited Q1 FY24 revenue was $13.6m, 50% of our H1 FY24 estimate, and unaudited EBITDA $1.5m, 50% of our H1 FY24 EBITDA estimate, placing RaaS H1 FY24 estimates on track.
- Large opportunities are expected to close in the Global division over coming quarters, and along with additional Vodafone revenue is expected to boost the H2 FY24 result.
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- Comms Group Limited - Valuation Gap Widening Despite Solid Trading27 Nov 2023
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