Australia's Uniti Group top gainer on ASX 200, set to meet annual earnings consensus

Uniti (Delaware)

17/11/2021 01:22

** Broadband services provider Uniti Group  UWL.AX  rises as
much as 10.4% to A$4.26, their biggest intraday pct jump since
December 2020
    ** Says https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02453263-2A1339354?access_token=83ff96335c2d45a094df02a206a39ff4
 it is on track to "meet or exceed broker consensus forecast"
for FY22 underlying EBITDA of A$144.5 mln ($105.30 mln)
    ** UWL recorded EBITDA of A$93.7 mln in FY21 https://unitigrouplimited.com/documents/FY21%20Full%20Year%20Results.pdf
    ** Adds that it may buy-back up to 10% of shares on issue -
maximum about 68.7 mln shares
    ** Says strong free cash flow helped UWL reduce its net debt
to A$183 mln vs net debt of A$208 mln as at June-end
    ** UWL hits highest since Sept. 23; biggest percentage
gainer in the ASX 200 benchmark index  .AXJO 
    ** About 2.5 mln shares change hands, vs the 30-day average
of 2.0 mln shares
    ** UWL has more than doubled this year, as of last close,
outpacing a 12.7% rise in the ASX 200 benchmark

($1 = 1.3723 Australian dollars)

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))