Aussie Broadband to List on The ASX

SomeGuyOnOzB on 17/09/2020 - 15:42
Last edited 17/09/2020 - 15:54 by 1 other user

Place holder for discussion about the upcoming ASX listing

A special share offer for Aussie Broadband customers

Dear …

You may or may not be aware that Aussie Broadband is shortly intending to list on the Australian Securities Exchange (ASX).

As a thank you for being part of our family, we want to offer our customers the chance to participate in the listing by subscribing for shares in Aussie Broadband at $1.00 per share.

This is an unusual offer for a company to make, but it aligns with our value of being good to people. Offers to subscribe for shares in Aussie Broadband as part of the listing are also being made to our staff, and to institutional investors.

The offer of Aussie Broadband shares to our customers is capped at $10 million, with each application being for a minimum of 2,000 shares and a maximum of 10,000 shares.

In the spirit of one of our other values, no bullsh*t, the allocation of Shares will be determined on a first come, first served basis if demand exceeds supply. If the Customer Offer is oversubscribed, only the first 5,000 valid applications with complete payment will receive an allocation of 2,000 Shares.

To participate, you will need to click here (my link removed) and follow the instructions on how to apply and complete payment for the shares online, from 9am AEST on 22 September 2020.

Although the offer goes live at 9am, you can start queuing from 8am AEST on 22 September 2020 (profuse apologies for the early start for our WA customers); if you join the queue between 8am and 9am you will be placed in a randomised queue position once the offer begins. Please note the link above is unique to you and should not be shared.

This offer has been sent to Customer Number: (removed)

Anyone who was not a current customer account holder as at 11.59pm on 7 September 2020 will not be able to participate, sorry.

This process is being managed by Link Market Services, rather than Aussie Broadband ourselves. All your personal information you provide will be kept confidential under Link's privacy commitments. Note we have not provided Link Market Services with any of your personal information or email address.

More information

Before you consider whether to lodge an application for shares in Aussie Broadband, we'd strongly urge you to:

• read our Prospectus at https://www.aussiebroadband.com.au/investor-centre/, and
• seek appropriate financial advice

If you'd like more information, the Prospectus also contains more details on the customer offer. Please don't call our team at Aussie – they won't be able to help on this one! (and it's not often we say that).

Thanks once again for being an Aussie customer. We appreciate your support.

Cheers,
Phillip Britt
Managing Director

Financial

Related Stores

Aussie Broadband
Aussie Broadband

Comments

  • User2049 on 17/09/2020 - 15:45

    So $2000 minimum.

  • dcep on 17/09/2020 - 15:56
    +1

    isp … skeptical of future growth prospects

  • srsparky on 17/09/2020 - 16:03

    I'm surprised that they haven't made a profit for the last few years… Puts a downer on things already.

    Although plenty of growth potential.

  • AustriaBargain on 17/09/2020 - 16:11
    -2

    I thought you said TPG. I'd invest, they are obviously going to be the new Telstra in 30 years time.

    • brad1-8tsi on 17/09/2020 - 16:48

      So why don't you invest?

      Either directly into TPG or indirectly with SOL?

      • AustriaBargain on 17/09/2020 - 17:20
        +1

        You can't invest what you don't have spare in the first place.

  • yayrobots on 17/09/2020 - 16:32
    +2

    Make sure to read the prospectus, particularly the financial section. Quite a large valuation for a company predicting a rather large financial loss. If I had to guess, they are listing because cash is low and financing is hard, shareholders however, don't need to be paid back.

    • verio on 17/09/2020 - 17:14

      Yeah, I did not like the financials either. Also some of the figures are based on the forecast for the current year which looks quite optimistic.

  • ssquid on 17/09/2020 - 16:50
    +17

    Seen this before, now it's only a matter of time until the shareholders demand support be moved offshore to cut costs…

    • Lizard Spock on 17/09/2020 - 21:33

      Buy if they do that it goes against their business ethos, which would not go down well with their existing customers 🤔

    • brad1-8tsi on 17/09/2020 - 22:41

      Amaysim had great support until they floated

  • muncan on 17/09/2020 - 17:19
    +1

    Can we get a Whirlpool link?
    Edit: Yes. Yes we can.

  • Cartman2530 on 17/09/2020 - 19:31
    +1

    After jacking up their prices while simultaneously lowering the upload speed of my connection, I'm not giving them any more of my money.

    • ssquid on 17/09/2020 - 21:51

      Wasn't it one or the other? I thought you could either pay more to keep the same speed or continue paying the same for less speed.

      • Cartman2530 on 18/09/2020 - 10:23

        Nope, I was on the 100/40 for $80 and dropped to the 100/20 for $95. Or I could stay on 100/40 for $105. Not very happy they did that as I was told the same as you.

  • ichimoku on 17/09/2020 - 19:45

    Is there anyone not taking up their offer? Wouldn't mind participating for a small exposure. Will need the specified code, please pm me.

    With thanks.

  • ReverseKanga on 18/09/2020 - 07:15
    +1

    This is going to make me sound incredibly stupid so please bare with me:

    How easy is it to buy and sell shares without using a trading platform?

    I currently have a shares that I've bought through CommSec and that's been nice and easy.

    If I bought shares through this offer (I have the email etc.) how would I go about selling them down the track?

    I have registered some of my other shares with my HIN through ComputerShare if that helps at all.

    Pointing me in the right direction/an explanation would be much appreciated.

    • ichimoku on 18/09/2020 - 09:06

      You'd generally need a trading platform as you've correctly pointed out to buy and sell.

      For this offer, you'd get the option to nominate your Holder Identification Number (HIN) and this is specific to your Commsec account (not just Computershare or Link Market).

      You should get the option to put in your HIN details when applying for this share and at time of listing, you'd be able to see the stock in Commsec. Trade as you like thereafter.

      Hope that helps.

      • Forfiet on 18/09/2020 - 22:27

        I don't even remember my HIN…..

  • NatoTomato on 18/09/2020 - 10:55
    +1

    Wouldn't invest in an ISP that's just a reseller of the NBN. THey have nothing else going for them that we know of (unless it's in the prospectus). Aussie Customer Service is hardly a gamechanger.

    • squinly on 18/09/2020 - 15:07

      I think they are building their own backhaul and have built their own links (or lease/manage them) to the 120+ NBN POIs all over the country. Their customers have doubled in the last 12 months too. I mean, you're right, a new awesome provider could come along next month and be the OzB favourite and everyone ports over to them but they also seem to be fast becoming the new iinet player.

  • bennybaubles on 18/09/2020 - 13:10
    +1

    One thing they didn’t mention in the email is that they won’t be giving dividends as they’d rather reinvest the money into their network.

    • TraceyAngel on 21/09/2020 - 19:22

      But that wont affect share /stock prices will it?? Im a newbie sorry I need 'dummy speak' lol I want to buy the shares but as a newbie to this and a dummy ../pensioner im trying to weigh up the risk of my hard saved 2k…ughhh

      • bennybaubles on 21/09/2020 - 19:41

        I’m sorry I’m not the one to ask

    • peter05 on 20/10/2020 - 14:47

      I would personally think that if you're invested in the longevity of the company and agree with its direction, then the onus of having a dividend would be costly and contradicts that mission statement.

      you just need to make sure that the growth goals of the company meet your own goals too

      if you're needing income from dividends then this company wouldn't suit you

  • WreckTangle on 18/09/2020 - 17:19

    A company with some big fixed costs, lots of competition and low barriers for new entrants. What could go wrong?

    • muncan on 18/09/2020 - 18:38
      +1

      Merger with TPG?

  • spacebanana on 19/09/2020 - 14:14

    Certainly an interesting read this morning, seems the prospect of building their own backend fibre could place them as a serious competitior and continue to grow market share..
    Hmmm

  • TraceyAngel on 21/09/2020 - 19:11

    A newbie buy sell dummy here,,, as an ABB current customer it seems I dont need a trading account to buy? and have the email invite and customer number link so Im assuming I can simply pay for shares (if I buy any) via paypal and not a trading account with anyone? Ughhhh so much to learn which Im not afraid to do but this came suddenly and Im thinking if theyre investing in their own backend fibre it could be a good buy…and do you pay tax on shares when resold..im on a pension now so dont earn enough to pay tax no other income etc?? As ABB wont be paying any dividends and are reinvesting the profits they make into the company so im wondering will that affect the actual share prices once the company is listed on the stock exchange tomorrow?
    omg…any dummy advice would be sooo appreciated right now..

  • whooah1979 on 22/09/2020 - 07:45

    Buy the IPO. Wait for the pump on day and dump it for a quick profit. Use the profit to pay for a year's subscription.

  • ReverseKanga on 22/09/2020 - 09:11

    Clicked the link at 9:01, position 9402 in queue.

    Anyone get in?

    • Garrettau on 22/09/2020 - 09:28

      37**，clicked the link at 8am

    • Garrettau on 22/09/2020 - 09:36

      Still waiting.

      “ We're overwhelmed by the response, currently we're passing 60-100 customers per minute from the wait queue. Please bear with us.”

  • lonewolf on 22/09/2020 - 09:18

    I have been queued since 8am and my queue no., is similar to yours (9200):(

  • Darkyre on 22/09/2020 - 09:38

    I'm 10383 after joining at 9:30am. Just wondering if I should do it or not… And it's max 5000 ppl buying $2000….so the fact that I'm 10000ish means I wouldn't get it anyway???

    • lonewolf on 22/09/2020 - 09:41

      Not unless 5000 people before you drop out / dont pay. Which is probably unlikely. I was told perhaps a couple of hundred may drop out or change their minds.

    • Garrettau on 22/09/2020 - 09:47

      37** just completed…

  • Apothecary on 22/09/2020 - 10:05

    I'm not sure whether I would get in.. queue number 8163.

    Just wondering, how do you pay???

  • cashless on 22/09/2020 - 10:23

    It's all over. Anyone with a queue number later than about 7000 didn't get a piece of the action.
    Those that did buy will likely get max allocation of 2000 shares.

  • Jaskie on 22/09/2020 - 10:39

    9:03AM, 9656 in the queue. After waiting for an hour, it said they were all done and dusted. Kept the page open and got in. Website was slow, but applied and paid via bpay ad 10:35AM

    • PleasureMe on 22/09/2020 - 10:46

      same happened to me. Doesn't make sense, the website must have f****d up to allow everyone in after telling them that they didnt make it. I just hope we get a refund once they realise their mistake.

      • LHSolutions on 22/09/2020 - 11:03

        There will be people changing their mind and not going thru with payment so they will have plenty of spare shares :)

  • ce5himm on 22/09/2020 - 13:18

    Click at 8.01am, I was on 7**. Applied 10000, expect 2000 only. Anyway a fun day.

  • sund00bie on 07/10/2020 - 11:36

    I was 54** and made payment. Wonder when we will find out about our potential allocations

    • Garrettau on 07/10/2020 - 14:22

      The same.

    • srsparky on 07/10/2020 - 14:26

      Looks like the float is the 27th of October - so I assume before then..?

      ASX Float Page

  • srsparky on 15/10/2020 - 10:22

    Float has been announced for this Friday the 16th. I read this today, but couldn't find the article again.

  • sund00bie on 16/10/2020 - 11:30

    Woohoo. I got allocated my 2000 shares.

    Showed up on my HIN account earlier today and asked a bit of a surprise. My daily profit was quite high and looking through my stocks i didnt see any major movement.

    The reason was ABB had been added and given a 0 cost base haha

    • srsparky on 16/10/2020 - 11:48

      argh… mine haven't shown up yet. Did you get any correspondence since first applying for them, or did they just turn up?

      • sund00bie on 16/10/2020 - 12:14

        No correspondence and they just showed up

        • srsparky on 16/10/2020 - 12:21

          Thanks… mine still haven't shown up anywhere… Commsec or Link Market Services.

    • Garrettau on 16/10/2020 - 11:51

      No confirmation yet and I don’t have HIN accounts. Share price is $2.025now

  • jv on 16/10/2020 - 12:17

    I thought gambling posts were banned from OzBargain ???

    • whooah1979 on 16/10/2020 - 12:19

      No. This is stocks.

  • whooah1979 on 16/10/2020 - 12:45

    You guys should've sold at $2.22. It has been an hour and it's now down -11%.

    • Garrettau on 16/10/2020 - 13:27

      No HIN account. $1.8now….

      • whooah1979 on 16/10/2020 - 13:41

        That's >$800 in 2 hours.

    • monky on 16/10/2020 - 13:30

      Stonks

    • SomeGuyOnOzB on 16/10/2020 - 22:48

      So $1 outlay, definitely in profit

  • srsparky on 16/10/2020 - 13:34

    Just spoke to the IPO information line (1800 677 648) and they said I have shares, but weren't assigned to the HIN I provided. Apparently a letter will be sent around the 30th for transfer of the shares to my CHESS account.

    • Garrettau on 16/10/2020 - 13:36

      What’s your queue number?

      • srsparky on 16/10/2020 - 13:45

        I think I was 947

    • kovoker on 16/10/2020 - 22:06

      I believe I put the wrong HIN number in when I applied for the IPO, was queue 2xxx roughly. Should I also call ABB to change this or perhaps IPO line to find out first like you?

      • Store RepAussiebroadband @ Aussie Broadband on 19/10/2020 - 07:59

        Hi there,

        Unfortunately we can't help with any queries about shares.

        Please direct all inquiries to Link Market Services on 1300 554 474.

        Cheers, Nicole

  • casho on 19/10/2020 - 15:17

    Damn wish I saw this post earlier

  • cashless on 20/10/2020 - 17:15
    +3

    Big cock up, mostly by Link Market Services.
    Thousands of investors have not been told by email or otherwise if they were allocated shares or not due to an "address glitch" in the Link system matching to your HIN.
    All those that applied do not now if they have spent their cash (up to $2000) or where it is and have nothing to show for it.
    Everyone has to wait for a letter that might be mailed out this week (21st October), or there again it might be later.
    They all have to wait for Aus Post to deliver (if they ever do) before they know if they have bought shares and can then transfer them across to their CHESS accounts.
    A letter, delivered by Aus Post? It would be quicker to order a $2 item from Ali Express.
    So, there are many new share investors in ABB who do not know it yet, who may not know if for some time and cannot sell their shares even if they wanted to (it might be foolish to sell immediately depending on your CGT position).
    Very messy and embarrassing for ABB in what should be their celebratory week

  • striker5950 on 23/10/2020 - 10:51

    i completely missed this, to all the dummies with their analysis, the stock is at 2 dollars now within like 2 days after launch so your 10k would have been 20k now. easy money. completely missed this and just saw it

    • whooah1979 on 23/10/2020 - 10:57

      ABB wicked to $2.22 on the first day. Sell at $2.20and buy the dip at $1.85.

      your 10k would have been 20k now.

      Some of the posters are saying that the maximum allocation was 2000 units per application.

      • striker5950 on 23/10/2020 - 16:55
        -3

        no, it was 10k

        • Garrettau on 23/10/2020 - 17:06

          Already exceeds 5000 applications. So 2000 per ..

        • whooah1979 on 23/10/2020 - 21:18

          Congrats if you got allocated 5000 units.

        • cashless on 25/10/2020 - 13:58

          Max allocation was 2000 shares.
          Still good profit if you sold early (be mindful of CGT though)

  • srsparky on 02/11/2020 - 15:26

    Received my letter from Link Market Services on Friday confirming share allocation. Waiting for the transfer now…

  • fishandchipss on 02/11/2020 - 23:22

    anyone received email saying unsuccessful in shares allocation but received letter from LINK saying allocated?

    • Garrettau on 03/11/2020 - 00:02

      Log in LINK and you will see if you have share.

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