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It also is alleged that Vocus failed to disclose that it would not achieve the guidance.

Vocus may face shareholder class action

Shares in Vocus Goup have held steady despite a proposed class action alleging the telecommunications provider engaged in "misleading and deceptive conduct" and breached disclosure obligations.

Shares in Vocus, which owns the Dodo, iPrimus and Orcon brands, were hovering at $2.41 at 1016 AEST on Thursday. 

Law firm Slater and Gordon said the proposed claim would be brought on behalf of hundreds, if not thousands, of people who bought Vocus shares between November 29 2016 and May 2 this year - including mum and dad investors and large institutional funds.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/08/17

1 year TSR5 year TSR
764thVocus Communications-69%10%
717 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

25/08/16
$9.9m Sold
Total value as at the date of the transaction
Source: Morningstar

Revenue

th-Vocus Communications$1,820.7m
76 listed non wa companies ranked by revenue.
Source: Morningstar

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