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ASX:SLC

8 stories mentioning ASX:SLC

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Asia

Australian Shares Climb; Ampol Secures ACCC Nod for Proposed Acquisition of Fuel, Convenience Retailer

Australian shares rose on Wednesday even as hostilities flared in the Middle East, as hopes of a peace agreement being reached between the US and Iran waned.The S&P/ASX 200 Index was up 0.7%, or 61.30 points, to close at 8,785.70.The US said Iranian missile attacks on ​Bahrain, Kuwait, and other regional targets were either thwarted or failed.Brent crude oil futures were trading above $97 per barrel.On the domestic front, Australia's gross domestic product (GDP) grew 0.3% in the March quarter on a seasonally adjusted, chain volume basis, after a 0.9% growth in the December 2025 quarter, according to the Australian Bureau of Statistics. The GDP rose 2.5% compared with a year earlier.Australia's seasonally adjusted S&P Global Services purchasing managers' index (PMI) business activity index fell below the 50 no-change mark in May, posting 48.7 from 50.7 in April, according to a report by S&P Global.The Australian Industry Index remained weak in May, largely due to the energy crisis, with the index down 1 point to -26.5 in seasonally adjusted terms, according to a report released by the Australian Industry Group.In company news, Ampol's (ASX:ALD) proposed acquisition of fuel and convenience retailer EG Australia received approval from the Australian Competition and Consumer Commission (ACCC). The approval is conditional on the company giving an executed court-enforceable undertaking to the ACCC to divest 41 sites to Metro Petroleum.Superloop (ASX:SLC) upgraded its fiscal year 2026 guidance for underlying earnings before interest, taxes, depreciation, and amortization to AU$118 million to AU$122 million from a prior forecast of AU$112 million to AU$120 million.Lastly, Cygnus Metals (ASX:CY5) agreed to be acquired by Central Asia Metals in an all-scrip deal that values each Cygnus share at AU$0.176. Under a definitive scheme implementation deed, Cygnus shareholders will receive 0.06 new Central Asia Metals shares for each Cygnus share held.

ASX 200ASX:ALDASX:CY5ASX:SLC
Asia

Superloop Lifts Fiscal 2026 Underlying EBITDA Guidance

Superloop (ASX:SLC) upgraded its fiscal 2026 guidance for underlying earnings before interest, taxes, depreciation, and amortization to AU$118 million to AU$122 million from prior forecast of AU$112 million to AU$120 million, according to a Wednesday Australian bourse filing.The move was driven by strong second-half operating performance and the contribution from the Lightning Broadband acquisition completed in late May, per the filing.Capital expenditure guidance has also been raised by AU$2 million to a range of AU$34 million to AU$37 million, the filing added.

ASX:SLC
Asia

Superloop Acquires Lightning Broadband's Parent Company; Shares Down 3%

Superloop (ASX:SLC) completed the acquisition of Lynham Networks, the parent company of Lightning Broadband, for AU$165 million in cash consideration, according to a Friday Australian bourse filing.The acquisition was executed on Feb. 18.The cash consideration is subject to final completion adjustments in accordance with the share purchase agreement, the filing said. The acquisition was funded from existing cash and Superloop's debt facilities.The company's shares fell past 3% in recent trading on Friday.

ASX:SLC
Asia

ASX Biggest Losers

Here are the ASX-listed companies with the biggest losses on Friday.Energy Resources of Australia (ASX:ERA): -20%, AU$0.002Champion Iron (ASX:CIA): -5%, AU$4.54Superloop (ASX:SLC): -5%, AU$3.42Weebit Nano (ASX:WBT): -4%, AU$7.05Helia Group (ASX:HLI): -3%, AU$4.84GemLife Communities Group (ASX:GLF): -3%, AU$4.45Karoon Energy (ASX:KAR): -3%, AU$1.94Viva Energy Group (ASX:VEA): -2%, AU$2.11Ryman Healthcare (ASX:RYM): -2%, AU$1.88CSL (ASX:CSL): -2%, AU$96.05

ASX 200ASX:CIAASX:CSLASX:ERAASX:GLFASX:HLIASX:KARASX:RYMASX:SLCASX:VEAASX:WBT
Research

Jarden Upgrades Superloop to Overweight from Buy, Adjusts Price Target to AU$3.60 from AU$3.40

Superloop (ASX:SLC) has an average rating of overweight and mean price target of AU$3.50, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

ASX:SLC
Asia

Telstra's Potential Bundling Of Mobile, NBN Services Could Limit Aussie Broadband, Superloop Market Share Gains, Jarden Says

Any further changes to Telstra Group's (ASX:TLS) core National Broadband Network (NBN) offering might represent upside or downside risk to the base case for Aussie Broadband (ASX:ABB), with any bundling of mobile and NBN services or modem unbundling, potentially limiting Telstra's share losses and thus market share gains for Aussie Broadband and Superloop (ASX:SLC), according to a Thursday note by Jarden.If any increase in the competitive intensity in the mobile segment occurs, continued pressure on competitor balance sheets as a result of reinvestment requirements may provide Telstra with the ability to increase prices by more than forecast while benefiting from its scale and network superiority.The Origin contract is a material contributor to Superloop's long-term earnings, and the loss of this contract would represent a material downside to the analyst's base case.With continued marketing investment after the MOCN deal, if TPG Telecom (ASX:TPG) is able to materially accelerate net new mobile customer adoption, this would represent upside risk to the analysts' forecasts.However, TPG is not in a position to lead the market and is likely to follow competitor leads on pricing in the mobile segment.New technologies such as 6G mobile or edge computing may require significant capital outlays.Jarden assigned Aussie Broadband a neutral rating with a price target of AU$5.50 per share, Superloop a buy rating and a price target of AU$3.40 per share, Telstra a neutral rating with a AU$5.05 per share price target, and TPG Telecom an overweight rating with a AU$4.30 per share price target.

ASX:ABBASX:SLCASX:TLSASX:TPG
Asia

Telstra Group's Fiscal 2027 NBN Price Increases to Broadly Offset Broadband COGS Inflation, Jarden Says

Telstra Group's (ASX:TLS) fiscal year 2027 National Broadband Network (NBN) price rises will broadly offset its broadband cost of goods sold (COGS) inflation and set a price ceiling that is estimated to pinch Aussie Broadband's (ASX:ABB) and Superloop's (ASX:SLC) margin into the next fiscal year, Jarden said in a note on Friday.NBN wholesale prices will rise 3% to 5% across the five core retail tiers from July 1. It is estimated that Telstra's NBN reseller gross profit will be broadly flat into fiscal year 2027 at the headline level.On Aussie Broadband, the analysts consider price increases across the entirety of their base as unlikely, leading into fiscal 2027. For Superloop, its relative discount at higher speeds provides sufficient headroom to push COGS increases fully through its retail book, though it views headline price increases on the 500 megabits-per-second plan as unlikely.Jarden assigned Aussie Broadband a rating of neutral with a price target of AU$5.50 per share, Superloop a buy rating and a price target of AU$3.40 per share, and Telstra a neutral rating with a price target of AU$5.05 per share.

ASX:ABBASX:SLCASX:TLS
Asia

Superloop to Buy Back Up to 4.5 Million Shares for Employee Performance Rights Plan

Superloop (ASX:SLC) said Pacific Custodians, as trustee of the Superloop Employee Share Plan Trust, is set to acquire a maximum of 4.5 million fully paid ordinary shares on-market to satisfy performance rights vesting after June 30, according to a Tuesday Australian bourse filing.The trust will begin acquiring shares three business days from the date of the notice, at a price not more than 5% above the volume-weighted average share price, the filing added.The company's shares rose 1% in recent Tuesday trade.

ASX:SLC