The small telecommunications company is on our radar heading into its first full year result as a listed company. It has twice upgraded prospectus forecasts since listing thanks to a clear trend of upselling NBN connections to higher margin products, getting its corporate business up and running (~37k customers after being operational for 2 years) and joining forces with Origin Energy, white labelling their internet to bundle with Origin’s energy (the ads are now on TV by Origin). ABB continues to win an outsized portion of customers, setting it up well for a strong FY21 and good potential for solid guidance into FY22. This is a good little telco.
MM is bullish ABB
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