We like what Lincoln indicators has to say about iinet in their August 2010 reporting season wrap up for iinet ltd.
iiNET Limited (IIN):
IIN reported a 34% growth in EPS to 22.7 cents in its latest period thanks to a 27% increase in subscriber services. Growth in Naked DSL was particularly impressive with its subscriber base up 59% to 106,400 during the year, including its contribution from Netspace. IIN is expected to maintain its recent growth rate in FY2011 due to recent acquisitions, product innovation, quality customer service and its ever expanding market share.
APS like the fact that iinet has added a value service to their internet service, IPTV . which can turnout to be a big earner for the company ( Cable TV wars sparked by Fetch TV ) due to its potential of grabbing customers from the market player foxtel.
IInet share details
iiNet Limited (iiNet) provides Internet and telephony services in Australia. The Company is a digital subscriber line (DSL) internet service provider (ISP). During the fiscal year ended June 30, 2010 (fiscal 2010), the Company launched BoB and IPTV. BoB is a device combining phone and internet services. Its products include Freezone and fetchtv. In September 2010, Telecom Corporation of New Zealand Limited sold its AAPT Consumer Division to iiNet. On April 30, 2010, the Company acquired Netspace Group.
Official Listing Date
20 September, 1999
GICS Industry Group
Registered Office Address
Level 1, 502 Hay Street, SUBIACO, WA, AUSTRALIA, 6008