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iiNet extends trade halt

As iiNet’s trading halt extends to one month, speculation is mounting about the factors that have taken it off the boards for so long.

With confusion over the source of the Perth-based ISP’s problems and the emergence of corporate adviser Euroz Securities Ltd’s engagement to handle expressions of interest, there is rising expectations that iiNet will emerge with more major news than it has officially offered so far.

Patersons Securities analyst Robert Gee told WA Business News that the length of time the company had been in a trading halt suggested something more than merely confirming a revised earnings before interest tax depreciation and amortisation guidance for the 2006 financial year.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 31/08/16

1 year TSR5 year TSR
112thFortescue Metals Group162%-2%
316thSouth3226%0%
534thWoodside Petroleum-8%1%
543rdIluka Resources-9%-14%
718thAtlas Iron-58%-68%
777 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

20/09/16
$0 Issued
07/09/16
$0 Other
07/09/16
$0 Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

1st-Fortescue Metals Group$9,806.1m
2nd↑South32$8,262.9m
3rd-Woodside Petroleum$6,935.4m
4th↑Iluka Resources$884.1m
5th↑Atlas Iron$803.7m
526 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Fortescue Metals Group

3rdNev Power$5.992m
12thStephen Pearce$2.551m
25thNick Cernotta$1.566m
Ranked by total remuneration from all listed WA companies

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