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Aussie Broadband Ltd. ( (AU:ABB) ) has shared an announcement.
Aussie Broadband Limited announced a change in the director’s interest, with Phillip Britt disposing of 2,000,000 ordinary shares at an average price of $5.25 per share through an on-market trade. Additionally, Digital Interworks Pty Ltd, where Britt holds significant voting power, has entered into a loan agreement with ANZ, using 4,500,000 ABB ordinary shares as security for a community-focused fibre venture in the Gippsland region. The loan includes financial covenants that could impact the shares if breached, highlighting potential implications for stakeholders and the company’s strategic initiatives.
The most recent analyst rating on (AU:ABB) stock is a Buy with a A$6.00 price target. To see the full list of analyst forecasts on Aussie Broadband Ltd. stock, see the AU:ABB Stock Forecast page.
More about Aussie Broadband Ltd.
Aussie Broadband Limited operates in the telecommunications industry, providing internet and broadband services. The company focuses on delivering high-quality connectivity solutions to residential and business customers across Australia.
Average Trading Volume: 1,039,083
Technical Sentiment Signal: Buy
Current Market Cap: A$1.51B
For a thorough assessment of ABB stock, go to TipRanks’ Stock Analysis page.