ASX Announcements
October 2024
Big banks fund Macquarie Technology bid to cash in on AirTrunk effect
The funding agreement came as new research showed investment in data centres was expected to hit $26 billion by 2030 amid booming demand from technology giants.
- Paul Smith
September 2024
Khuda sets $100b valuation target for AirTrunk’s next trick
Billionaire Robin Khuda has praised his own foresight in investing in data centres tailor-made for tech giants after creating a $24 billion business in less than a decade.
- Paul Smith and Tess Bennett
Data centre owner Infratil revels in the AirTrunk effect
Shares in the CDC investor rose on Wednesday following AirTrunk’s $23.5 billion sale to a Blackstone-led consortium.
- Tess Bennett
AirTrunk’s $23.5b AI pay day
Blackstone emerged as the winning bidder in the year’s biggest merger and acquisition deal, netting its founder Robin Khuda a $1 billion-plus payday.
- Paul Smith and Anthony Macdonald
July 2024
Why you shouldn’t set a deadline if you want to be more resilient
The strongest leaders believe in themselves and don’t try to set timelines for when a difficult period will pass, says Macquarie Technology Group CEO David Tudehope.
- Updated
- Ciara Seccombe and Lap Phan
May 2024
Macquarie Technology founders cash out; E&P Capital on trade
Stockbroker Evans and Partners crossed two lines of stock in the ASX-listed data centre operator after-market on Monday.
- Sarah Thompson, Kanika Sood and Emma Rapaport
June 2023
Macquarie Technology Group raising $130m; first raise since 1999 IPO
Listed telco, computing and data centre services provider Macquarie Technology Group was raising $130 million on Tuesday morning.
- Sarah Thompson, Kanika Sood and Emma Rapaport
November 2022
Buy, hold, sell: Five stocks the pros have been buying
ClearLife Capital’s David Moberley and QVG Capital’s Josh Clark give their analysis of five stocks professional investors have been hiding within in recent months.
September 2022
Morgan Stanley warns NextDC’s energy bills may double
The broker has warned electricity-hungry data centre businesses face soaring fixed costs as NextDC shares dropped.
- Tom Richardson
July 2022
Persistence pays big for start-up founder-turned-Rich Lister
For about a decade, David Tudehope kept a Calvin Coolidge quote in his wallet. He shares the lessons he learnt along the way. Listen to the How I Made It podcast for free.
- Julie-anne Sprague
Quitting his bank job was the best thing this rich lister ever did
David Tudehope packs up a small group of his employees and they spend two weeks to “go deep” into the next trend. Listen to his story on the How I Made It podcast for free.
- Updated
- Julie-anne Sprague
March 2022
Aussie investors no longer buying tech pipe dreams
Earnings season showed investors have stopped listening to idle talk of future growth from tech firms and are valuing those that can prove their value.
- Paul Smith
February 2022
All the profit results for February 22, 2022
Results briefing | News and analysis on today’s profit results from Alumina, AMA Group, ARB, AUB, Cochlear, Coles, Costa, Deterra, Estia, G8 Education, HomeCo Daily Needs, Hub24, Humm, Ingenia, Johns Lyng, Jumbo Interactive, Judo Bank, Macquarie Telecom, Macmahon, Monadelphous, Nanosonics, Perenti, RAM Essential, Regis Resources, Seven Group, Superloop, Uniti, Virtus, Whispr. Find updated reports and analysis here.
- Updated
- Andrew Hobbs
- Updated
- Earnings season
Uniti shares crater after slight earnings miss
CEO Mick Simmons remains confident that the company will hit its full-year earnings consensus of $145 million.
- Lucas Baird
October 2021
Buy, hold, sell: Australian Clinical Labs, MNF Group, Orica, Ingenia
Five ASX-listed stocks that are on a raging run and upgrading their earnings.
September 2021
- Exclusive
- Cloud
How an IT snag threatened a $1.7b paper merger
The alarming experience of Opal Group is an example of difficulties merged entities face when trying to integrate and harmonise technical applications in the new organisation.
- Lucas Baird
August 2021
Macquarie Telecom sacrifices profit growth for asset upgrades
The telco is prepared to sacrifice its bottom line to upgrade its assets with plans to spend up to $133 million on capital expenditure this financial year.
- Lucas Baird
July 2021
Rich Lister David Tudehope on the keys to success
Persistence is crucial to starting and building a business that works, says the Macquarie Telecom CEO and co-founder.
- Sally Patten
Macquarie Telecom goes all in to bridge cyber expert gap
Macquarie Telecom boss David Tudehope says the new centre aims to address the shortage of cyber security professionals.
- Updated
- Lucas Baird
January 2021
Tech stocks to oscillate as smaller names play catch-up
This year is shaping up to be another big one for the local tech sector, but the prices of the biggest stocks are tipped to swing.
- Yolanda Redrup