Chorus continues to chug along after announcing their Q3 update. The share buyback continues and a solid dividend yield of 3.5%

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02652719-2A1442722?access_token=83ff96335c2d45a094df02a206a39ff4

I've had this company on my watchlist for a while and I found the price in the low to mid $6's to be appealing but was waiting for a positive set of reults before I pulled the trigger which I have done IRL now. A share buyback has now commenced and with a solid 4% dividend yield I feel that Chorus is a solid long term buy.

Their latest results can be found here

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02488674-2A1357619?access_token=83ff96335c2d45a094df02a206a39ff4

And some key results copy & pasted;

• Fibre connections increased by 47,000 to 918,000

• Fibre uptake 67% in completed UFB areas (June 2021: 65%)

• 23% of mass-market fibre connections on gigabit plans

• Net profit after tax $42m (HY21: $27m)

• EBITDA $347m (HY21: $328m restated)

• Operating revenue $483m (HY21: $478m restated)

• Credit rating thresholds lifted by S&P and Moody’s

• FY22 EBITDA guidance increased to $665m to $685m

• FY22 dividend guidance increased to 35 cents, from 26 cents

• Interim dividend of 14 cents per share

• $150m share buyback announced