This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

FSG - Field Solutions Holdings

Jump to new
latest business update for Field Solutions Holdings
 

Attachments

  • ASX Release - 01102020.pdf
    240.4 KB · Views: 267
About FSG

FSG provides, builds and operates “true broadband networks” specifically for rural, regional and remote Australia. FSG is a licensed Australian telecommunications carrier, providing services via its own telecommunications network (trading under the brands ‘JustISP’ and “Ant Communications) and a NBNco Retail Service Provider.
- would be a tricky one, in this wide brown land. Maybe the satellite comms might work (if user willing to pay for it)
 
This has nothing to do with satellite comms. It is fixed wireless running off the NBN backbone
 
Huge breakout for FSG today after announcing that it has been awarded $20.475 million from the Federal Government's $82 million Regional Connectivity Program Fund (RCP). The funding is for the construction of network infrastructure across five states in 12 local government areas.

This will provide a nice boost to FSG's bottom line:

The construction phase of the projects is planned to commence in August 2021, with revenue flowing from these networks as early as H2 FY22.
Click to expand...

 
Field Solutions Holdings (ASX: FSG), Australia's leading rural, regional, and remote challenger telecommunications carrier, is pleased to announce it has been awarded an additional $0.9M from the Federal Government’s Mobile Blackspots Program Round 5a to trial domestic roaming.

Highlights
  • Funding of $0.9M
  • Trial of domestic roaming
  • Sites in NSW and QLD
  • FSG to launch the Regional Australia Network, Australia’s true 4th MNO
  • Delivering 4G, 5G and IoT services

small beer
 
Telecommunications Carrier for rural, regional and remote Australia
We connect the underserviced and bridge the digital divide between metro and rural Australia, digitally enabling key industries such as agriculture, agribusiness, resources and mining
Click to expand...

Field Solutions Holdings Limited is in a TH, looking to raise $15million in a placement priced at 16.5¢ share.

The pricing is pretty skinny as the company was trading at 17c prior.
FSG is in an expansion phase, and is planning to build 16 new networks. On completion, it would take the Field Solutions network to about 187,000 square kilometres, and make it the largest non NBN fixed wireless network in Australia.
Click to expand...

.... That is selective. Not much high density, high traffic urban locations; but lots of paddocks included!!
 
took in more than first planned ... nothing for retail? Closed higher at 18.5c

Highlights

• Successful institutional placement raising $20M
• Commitments for greater than $40M ($25M above planned raise)
• Strong support from new and existing institutional and sophisticated investors
• Proceeds from the capital raising will be used to continue funding FSG’s organic growth strategy and provide flexibility when assessing inorganic growth opportunities
 
now 23.5c

Telecommunications Carrier for rural, regional and remote Australia

FSG has added another regional player:

FSG acquires TasmaNet Pty Ltd. Expands into Tasmanian market

• Annualised revenues more than $19M
• Forecast transaction EBITDA of $1.25M ($2.5M+ including synergies)
• Initial consideration circa $13M on a debt free cash free basis ($12M Net)
• Additional earn out consideration of up to $2M
• Delivers Tasmania’s largest fixed wireless network
• Delivers software automated cloud computing and managed services capability
• Delivers substantial revenue from Government and Enterprise clients across Tasmania and Southern Queensland


TasmaNet is a provider of premium digital solutions, specialising in business & Government. It has been operating since 2004 and has grown to become a leader in digital innovation. TasmaNet built and operates a wireless data network covering most of the Tasmanian population and some of the most remote parts of the state. Along with its own premium network, it also offers enterprise-grade nbn™ broadband throughout Australia and were the first RSP in the country to deliver Enterprise Ethernet services on the day it went live and quickly demonstrated that Enterprise Ethernet is a product that can appeal to SME and mid market customers. TasmaNet has three secure private cloud nodes spread across the country, which allows customers to procure and manage virtual compute and storage infrastructure and resources via its self-service customer portals.
 
after doing the telco shuffle (down, down) FSG put on 45% , to 14.5c today

... selected as exclusive preferred supplier for enterprise Managed Desktop, Network and general IT services for Kestrel Coal on a 5-year contract term.

Highlights
• Managed Network and Managed Services – circa $12M
• Additional IT and Procurement Services – circa $13M
• 5 Year contract term, delivering strong EBITDA return
• Extends existing connectivity provision relationship
• Leverages FSG’s Regional Australia Network telecommunications infrastructure
• Services to be delivered from Emerald QLD, Hobart TAS and Brisbane QLD
• Consolidates FSG’s growing position in mining vertical

“The award of this enterprise contract to FSG validates and reinforces our strategy to build infrastructure and deploy full-time resources into rural, regional and remote Australia”, outlines Andrew Roberts, CEO FSG. and Agribusiness areas
Click to expand...
 
times are tough: earlier Ann. provides services to Kestrel Coal, ...
.
then ...
10 Oct ...Highlights
• $5M debt facility, to be secured (second ranking) subject to shareholder approval.
• Interest at bank base rate (BBSW) plus 10%, payable monthly.
• 3% arrangement fee to Kestrel Structured Capital Fund
• Issue to Kestrel Structured Capital Fund of up to 27,979,854 warrants at 4.0c, which is a premium of 43% over the last closing price. Exercisable within a 5-year period
.
and now, a week before Xmas, shopping for a Capital raising.

2.2c
 
Capital constraints, timing differences and product mix affecting revenue and margins in first 6 months

Trading Update
24 December
• Q1-FY25
• Lower than expected non-recurring Revenue and Margins predominantly in non-recurring projects revenue
• lower sales and
• delayed deliveries
• Growth in non-recurring low margin wholesale revenue pushing average gross margins down
• COGS timing differences
• costs incurred ahead or after revenue creating margin percentage volatility
.
.

.
out with an Investor Presentation and into a Trading halt/ Suspension.... not good timing to be looking for new capital. ..... was $0.022
 
Update on Capital Raising and Extension of Voluntary Suspension

Field Solutions Holdings Limited (ASX: FSG) (Company) today announced that it is further extending the voluntary suspension of its securities until the commencement of trade on Wednesday, 5 February 2025 or such earlier time as the Company makes an announcement to update the market.

Field Solutions originally made a request, which was granted, for a voluntary suspension of its securities to Monday, 23 December 2024 and subsequently sought an initial extension to Wednesday, 8 January 2025, and a further extension to Wednesday, 22 January 2025.In accordance with ASX Listing Rule 17.2, the Company requests a further extension on the voluntary suspension of the Company’s ordinary securities listed on the Australian Securities Exchange (ASX) from the commencement of trading on Wednesday, 22 January 2025 until the earlier of Wednesday, 5 February 2025 or an announcement as to the completion of the placement and follow on entitlement offer.
The Company provides the following information in relation to the request:1.

Update on the Capital Raise The Company is engaged in discussions with cornerstone institutional, professional, and sophisticated investors and anticipates a raise of between $6 million and $8.6 million, through a combination of a private placement, shareholder approved placement and a follow-on entitlement offer (Capital Raising).To date, the Company has received indicative commitments from two cornerstone investors, who are both existing shareholders for $4.5 million which is expected to be subscribed through a placement and a follow on commitment to subscribe for entitlements.
Separately, the CEO, Andrew Roberts and Executive Director, Phillipe Benolie l have provided commitments for $0.6 million to accept their entitlement.
In addition to the above-mentioned cornerstone investors, the Company is actively seeking a further $1 million in cornerstone support to reach a minimum amount of $6 million.
2. Technical defaults under Senior Lending Facilities Due to the delays in finalising the proposed Capital Raising, the Company has triggered technical defaults with its senior lenders and certain material creditors.
As a result of those defaults, the Company is now seeking to enter into forbearance arrangements with those parties prior to completing the proposed Capital Raising.
Following entry into the necessary forbearance arrangements with its senior lenders and certain creditors,the Company anticipates that the Placement will occur and expects to resume trading shortly thereafter.
The Company has therefore requested, and the request has been granted, to remain in suspension until the earlier of Wednesday, 5 February 2025 or an announcement as to the completion of the placement and follow on entitlement offer.
The suspension is necessary to finalise the forbearance arrangements with its senior lenders and material creditors, and to finalise negotiations with the potential institutional, professional, and sophisticated investors to accommodate completion of the proposed placement, which is crucial to help stabilize and maintain its ongoing financial viability.

This ASX announcement has been approved and authorised for release by the Board of Field Solutions Holdings Limited.

About FSG

FSG provides, builds, and operates “true broadband networks” specifically for rural, regional and remote Australia. FSG is a licensed Australian telecommunications carrier, providing services via its own telecommunications network (trading under the brands ‘Just ISP’ and“Ant Communications) and a NBNco Retail Service Provider .

i do not hold this share

has caught my eye a couple of times , but have resisted dipping a toe in ( so far )

.. do i stand ready to catch a falling knife when it recommences trading ??
 
You must log in or register to reply here.
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...