Viewing posts for the category My Net Fone (ASX:MNF)

MNF Group Ltd (ASX:MNF) Gives New Guidance

MNF Group Ltd (ASX: MNF): Inabox Acquisition and Updated Guidance 

On Monday MNF Group (ASX:MNF) announced it would buy the wholesale and enablement business from Inabox Group (ASX: IAB).

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MNF Group (ASX:MNF) FY 2018 Results: No Synchronous Bloom This Year

MNF Group (ASX:MNF) yesterday released its results for FY 2018. Unfortunately for shareholders, they were the least pleasing results I have witnessed from this company. Fortunately, the long term investment thesis remains in place.

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My Net Fone (ASX: MNF) Half Year Results 2014

My Net Fone Limited (ASX:MNF) this morning released its first half results for 2014. In the half to 31 December 2013, the company generated Net Profit After Tax of $2.37 million, and Operating Cashflow of $2.9 million. Cash sat at $3.6 million there was approximately $1.6 million more payables than receivables on the balance sheet. The company has no debt, and has paid off all its deferred consideration for past acquisitions.

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Checkup on My Net Fone (ASX: MNF)

Just as a follow up to this article, here's a quick note on my recent thoughts about My Net Fone.

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Why I Bought My Net Fone (ASX: MNF) Again

About 2 months ago I wrote about My Net Fone. By way of history, I had sold my shares at about $1.50 earlier in the year, but the fall in the share price to below $1.20 prompted me to write a short article, in which I concluded (conservatively) that the company would earn about 6c per share. Having thus justified my decision not to buy shares at $1.20, I carefully avoided considering whether affirmation bias might have swayed me (after all, I had decided the shares were over valued at just $1.50). Further evidence that I have a way to go developing my investing temperament.

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Notes on the acquisitive My Net Fone (ASX:MNF)

I recently wrote this article for the Motley Fool about up-and-coming VOIP reseller My Net Fone (ASX:MNF). In that article, I alluded to the fact that it is quite difficult to track the growth of My Net Fone, because of all their acquisitions. What is clear, is that the impressive earnings per share growth has been buoyed by acquisitions, in particular the acquisition of Symbio. If this is the case, we can expect further earnings per share growth resulting from the company’s most recent acquisition spree. However, in recent halves there is no solid evidence of organic growth. That in itself is not necessarily a bad thing, but I think it needs to be taken into consideration when analysing the stock.

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