27/11/2024 09:46

Hansen Technologies (HSN) $5.70

The technology provider that underpins billing for key services like electricity, gas & pay TV has sat on our hitlist for the Emerging Companies Portfolio for some time now, though the share price has been ebbing and flowing between $4 & $6, with no specific catalyst to see it push out of that range.

Read more

21/02/2024 17:27

Hansen (HSN) $5.11

HSN -8.59%: a strong 1H for the billings software business but guidance weighed and shares were weaker as a result. Operating revenue grew to $168m, around a 5% beat while EBITDA of $52m was marginally ahead of consensus. Hansen’s latest acquisition, powercloud, helped support the top line, however, it looks to be weighing on the groups margin outlook near term. Hansen also left distribution guidance unchanged where the market was looking for an upgrade despite its strong balance sheet.

Read more

06/09/2023 09:07

Hansen Technologies (HSN) $5.40

The technology provider that underpins billing for key services like electricity and gas has sat on our hitlist for the Emerging Companies Portfolio since February, and we continue to like the story.

Read more

22/02/2023 16:51

Hansen Technologies (HSN) $4.65

HSN -3.93%: the utility billing software company reported HY numbers, coming in largely in line with expectations with shares trading lower with the weaker technology sector today. Revenue was flat and in line with consensus at $149m while EBITDA fell 17%, slightly below expectations.

Read more

15/02/2023 09:19

Hansen Technologies (HSN) $4.82

The billing software provider has fallen ~10% over the last few weeks, catching our eye ahead of their 1H results next week. The company has strong defensive qualities with their technology used in telecommunication and utility provider systems globally, historically seeing low levels of churn, strong cashflow generation and the ability to pass on inflation-linked price increases. They also have a solid M&A track record and a significant war chest to go after accretive acquisitions with such a strong balance sheet. Shares have been in no man’s land since BGH walked from takeover talks last year, however, the company has proven there are no skeletons in the closet and contract wins are coming through. We expect to see earnings grow from FY24 onwards, with near-term upside in M&A likely to prove the stock is cheap on just 18x PE multiple i.e. this is a profitable tech company, not one burning cash!

Read more

06/09/2021 17:12

Hansen (HSN) $5.60

HSN -9.24%: the software company struggled today after BGH walked from takeover talks. The private equity group had offered $6.50/sh for the utility billing software business in early June, which was a 25% premium to the prior close. The deal has fallen through following 3 months of due diligence, though the bidder did not cite a reason as to why...

Read more