ASX 300 stock down 24% since March now offers 'compelling value'

MotleyFool04-17

Shares in Aussie Broadband Ltd (ASX: ABB) are down heavily — the S&P/ASX 300 Index (ASX: XKO) stock has dropped 24% since 5 March and is trading 9% lower year to date. Investors may wonder whether ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nASX 300 stock down 24% since March now offers 'compelling value'\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-17 09:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com.au/2024/04/17/asx-300-stock-down-24-since-march-now-offers-compelling-value/><strong>MotleyFool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares in Aussie Broadband Ltd (ASX: ABB) are down heavily — the S&P/ASX 300 Index (ASX: XKO) stock has dropped 24% since 5 March and is trading 9% lower year to date. \n\nInvestors may wonder whether ...</p>\n\n<a href=\"https://www.fool.com.au/2024/04/17/asx-300-stock-down-24-since-march-now-offers-compelling-value/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SLC.AU","symbol_name":"SUPERLOOP LTD","start_time":0,"source_url":"https://www.fool.com.au/2024/04/17/asx-300-stock-down-24-since-march-now-offers-compelling-value/","article_id":"2428339613","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2428339613","pubTimestamp":1713317152,"sourceInfo":{"source_id":"motleyfoolau_stock","name":"MotleyFool"},"weMediaInfo":null,"summary":"Shares in Aussie Broadband Ltd  are down heavily — the S&P/ASX 300 Index  stock has dropped 24% since 5 March and is trading 9% lower year to date.Investors may wonder whether this hefty recent decline is a buying opportunity or if the telco's shares are now at a fair price. One fund manager is bullish and certain of the answer. Let's look at why.Fund manager Blackwattle explained some recent headwinds impacting the ASX 300 stock.It all started when Superloop Ltd  rejected a takeover offer from Aussie Broadband.In another painful negative, Aussie Broadband lost the Origin Energy Ltd  wholesale broadband contract to Superloop. That contract amounts to around $14 million of earnings before interest, tax, depreciation and amortisation , or 13%, of FY24 guidance.The Blackwattle Small Cap Long-Short Quality Fund holds Aussie Broadband in its portfolio and said the ASX 300 stock screened as \"compelling value\" on a multiple of 7x EBITDA. So, the investment team is still bullish on the busines","collect":0,"end_time":0,"defaultTopTitle":"fool.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"SLC.AU":"SUPERLOOP LTD","BK7006":"电力公用事业","ORG.AU":"ORIGIN ENERGY LTD","BK7130":"综合性石油与天然气企业","XKO.AU":"标普/澳交所 300指数","BK7015":"非传统电信运营商","BK7507":"资源股","ABB.AU":"Aussie Broadband"},"translate_title":"ASX 300股票自3月份以来下跌了24%，现在提供了“令人信服的价值”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ABB.AU":1,"ORG.AU":1,"SLC.AU":1,"XKO.AU":1},"content_text":"Shares in Aussie Broadband Ltd (ASX: ABB) are down heavily — the S&P/ASX 300 Index (ASX: XKO) stock has dropped 24% since 5 March and is trading 9% lower year to date. \n\nInvestors may wonder whether this hefty recent decline is a buying opportunity or if the telco's shares are now at a fair price. One fund manager is bullish and certain of the answer. Let's look at why.  \nWhat's happened?\nFund manager Blackwattle explained some recent headwinds impacting the ASX 300 stock.\nIt all started when Superloop Ltd (ASX: SLC) rejected a takeover offer from Aussie Broadband.\nIn another painful negative, Aussie Broadband lost the Origin Energy Ltd (ASX: ORG) wholesale broadband contract to Superloop. That contract amounts to around $14 million of earnings before interest, tax, depreciation and amortisation (EBITDA), or 13%, of FY24 guidance.\nSuperloop then served a legal notice on Aussie Broadband directing the beaten-up stock to reduce its 19.9% holding in Superloop to below 12% within 10 business days to comply with Singapore's telecommunications ownership regulations, which is where Superloop has a subsidiary.\nAussie Broadband has since complied with that notice and sold down the position to 11.9%.\nThe fund manager said it remained to be seen what Aussie Broadband would do with the rest of its holding and whether it still hoped to acquire Superloop.\nIs the ASX 300 stock good value?\nThere may have been pain for Aussie Broadband either way with Origin, considering their lengthy and ultimately unacceptable (to Aussie) discussions about Origin migrating from its current white-label offering to a layer 3 wholesale model.\nThis would have seen Aussie Broadband providing network services, with Origin assuming responsibility for the technical and accounts call centre, billing, customer portal and collections functions currently provided by Aussie Broadband.\nOrigin's last layer 3 wholesale proposal would reduce its EBITDA contribution \"considerably\" due to \"materially reduced wholesale margins and Origin taking the non-network functions\". Aussie Broadband rejected that proposal because it was \"not considered to be value accretive to shareholders\".\nAmid all of this, Aussie Broadband reaffirmed its recently upgraded FY24 guidance of between $105 million and $110 million. \nThe Blackwattle Small Cap Long-Short Quality Fund holds Aussie Broadband in its portfolio and said the ASX 300 stock screened as \"compelling value\" on a multiple of 7x EBITDA. So, the investment team is still bullish on the business.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2428339613"}