Hartley’s have recommended accumulate on “Amcom Telecom” today in the West Australian and we are happy to back them up on this position or even go so far as to recommend “Buy”. Amcom is rapidly expanding into IT Solutions as well in addition to their internet services already being provided to a large base of personal and business customers. Their foray into IT solutions includes wide range of advanced business services, including Video Conferencing, IP Telephony, SIP Trunks, Voice (ISDN), Colocation facilities, Data Applications, Disaster Recovery and Internet services. Their new focus on IT solutions as part of the L7 Services can be found on this website http://www.l7.com.au/
Internet and Data services provider Amcom Telecom
The company is listed on the Australian Securities Exchange (ASX code: AMM)
Currently trading around : AUD $ 1.010 (Accumulate , Buy )
Company Name: Amcom Telecommunications Limited
AMM´s 2012 growth strategy is focused on client acquisition for its fibre network and the uptake of additional products from its existing client database and leveraging new products from its new IT solutions L7 services.
Amcom as part of its services also have a “Dark Fibre service”. Dark Fibre is an optimum solution for very high-speed data applications, such as real-time data replication. The Amcom Dark Fibre service is an unlit, point-to-point optical fibre link. It allows you to manage your own network, operate your own terminating equipment and manage the applications that use the network.
Amcom Telecommunications reported NPAT up 50% to $25.85m for the year ended 30 June 2011. Revenues from ordinary activities were $87.19m, up 38% from last year. Diluted EPS was 3.55 cents compared to 2.70 cents last year
Although the company’s fibre business for corporate, government and telco customers performed well, its residential broadband business, Amnet, suffered a 7 per cent decline in revenue from $12.2 million to $11.3 million in 2010 . TPG TELECOM are one of its competitors in the Internet services providing market that we would possibly take a punt on.
Amcom Telecommunications (ASX: AMM) has lifted its net profit after tax (from wholly-owned operation and before one-off items) by 20 percent to $8.4m for the six months to 31 December.
The company said: "The material uplift in earnings was achieved following strong organic sales growth from Amcom’s core fibre-based communications services and expanding business services offerings."
The company also recently scored a major $9 million cloud deal with the University of Western Australia to provide hosted servers, storage and backup from its datacentres in Perth, with the hundreds of servers and over 400TB of storage connected to the university via Amcom’s 10-gigabit fibre network.
About Amcom Telecommunications
Amcom is an Australian telecommunications company operating since 1998. Amcom specialises in providing services to business’es and government for data, internet, voice and related services over its extensive fibre optic network.
Perth (Head Office)
Level 22, 44 St Georges Terrace, Perth WA
T: 08 9244 6000
F: 08 9244 659
GPO Box 2541, Perth WA 6001