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VN8 Moving up to the Next Tier of ASX Telcos


Published 20-NOV-2020 12:07 P.M.


1 minute read

We added Vonex Ltd (ASX:VN8) to our long term portfolio in September when it was trading at 14 cents per share.

Yesterday it closed at a new all time high of 22 cents ... on no news.

The share price chart currently looks like VN8 wants to move higher.

VN8 is an emerging telco that services small and medium enterprises.

We invested because VN8 is not yet well known to ASX investors, but is aspiring to attain a similar valuation to its ASX listed peers:

  • Spirit Telecom (ASX: SP1): $202M
  • Over The Wire Holdings (ASX: OTW): $264M
  • Uniti Group (ASX: UWL): $832M

All are trading at multiples of our portfolio company VN8, currently at $41M.

We hope to see VN8 elevate to its peers’ valuation bracket over the coming months, as it builds its customer base and the market becomes more aware of the story.

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S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.

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