Swoop: Diving into Newcastle

By Nick Harris

07 October 2021, 8:00 AM

Swoop (ASX:SWP) has announced the acquisition of Newcastle based telco Countrytell. Strategically the deal makes sense and financially it is highly accretive. SWP is paying 4.2x FY22F EBITDA vs trading on ~35x (yesterdays close and excluding earnings from todays acquisitions).

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Retail: Australian Retail Sales: August 2021

By Alexander Mees

06 October 2021, 8:00 AM

COVID lockdowns continue to dominate the landscape when it comes to retail spending in Australia. With NSW, Victoria, and the ACT all in lockdown during August, seasonally adjusted (s/a) Australian retail sales were down -0.7% yoy and -1.7% mom to A$29.3bn. With vaccination rates climbing and lockdowns coming to an end, the outlook is improving.

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