IIN 0.00% $9.52 iinet limited

nice little isp

  1. 18,601 Posts.
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    see AFR 13 June

    has competitive advantage vs other Australian dial-up ISPs thanks to favourable terms with Telstra, moving from large customer base in WA into the eastern states, acquiring regional ISPs. Looking to transfer dial up customers to its broadband service.

    prospective $5m profit this FY ($4m last year), final dividend last year 4cps fully franked, $8m cash in bank. Market cap $65m.

    Playstation2 and XBox launch online gaming in the next couple of months, this should see further growth in broadband useage.

    Looks promising.

    WARNING this is an Internet Stock!
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