M2 Group

Leyland Private Asset Management

Trusted and Confidential Asset Management Advisors

M2 Group (ASX:MTU) is a provider of the full suite of traditional and next generation telecommunications products, in addition to utility services. The company has 4 main brands, consisting of Dodo, Iprimus, engine and COMMANDER. Invetsment thesis, 1) M2 does not own its own telecommunications infrastructure. It has strategically avoided this and instead buys ‘airtime’ off wholesale providers. This means its business model is capital light, without the need for excessive annual capital expenditure to maintain and upgrade infrastructure. 2) Not having to invest in telecommunications infrastructure allows the company to concentrate on marketing. On this front, they are one of the most aggressive, fast moving and innovative companies in the market. Additionally the company recently acquired Call Plus, NZ’s 3rd largest ISP for a reasonable 5.6X 2016 EBITDA. The NBN will level the playing field in this sector due to reduced barriers to entry. By leveraging the strength of the ‘dodo’ and Commander brands, and having a strong national distribution network,M2 is well prepared for the NBN rollout. See attachment for more information or subscribe to our newsletter here:(VIEW LINK)


1 topic

Leyland Private Asset Management
Trusted and Confidential Asset Management Advisors

Founded in 2003, Leyland Private Asset Management is an independently owned firm specialising in Australian Stock Market and Fixed Interest Investments for individuals, companies, self-managed super funds, institutions and family offices.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.