ABB +2.46%: 4th quarter update from the small telco was a positive one today. Total connections topped 400k, up 7.4% in the final quarter, giving the company enough confidence to guide the market to the higher end of the EBITDA guidance range of $17-20m. Bear in mind that this guidance was twice upgraded from the prospectus on IPO late last year, coming in around 50% above initial estimates. A big win for ABB and a great year to kick off listed life. Full year results out on 30 August with today’s numbers showing strong momentum into FY22, increasing the odds ABB will surprise to the upside on guidance.
MM remains bullish ABB
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