Fundies say $400m price tag too high for Amaysim

Original article by David Ramli
The Australian Financial Review – Page: 15 : 15-Jun-15

Analysts value mobile telephone services reseller Amaysim at between $A367m and $A483m. The private equity owners of Amaysim are believed to be looking at a valuation of about $A400m for a proposed IPO. Amaysim currently boasts about 716,000 mobile phone subscribers and forecasts that its customer base will top one million by fiscal 2019. However, the telco is facing competition from Australia’s three mobile network owners.

CORPORATES
AMAYSIM AUSTRALIA PTY LTD, SINGTEL OPTUS PTY LTD, TELSTRA CORPORATION LIMITED – ASX TLS, VODAFONE HUTCHISON AUSTRALIA PTY LTD, NETFLIX INCORPORATED

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