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Superloop Ltd
Diversified Telecommunication Services
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Communication Services
About Superloop Ltd
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FUND MANAGER
DATE
04 May 2026
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Frequently asked questions about Superloop Ltd (ASX:SLC)
Frequently asked questions
Who is investing in Superloop Ltd (ASX:SLC)?
Fund managers including Endeavor Asset Management, Ellerston Capital, Ausbil Investment Management, Datt Capital, Milford Asset Management, Spheria Asset Management, Centennial Asset Management, Glennon Small Companies, Infinity Asset Management, Tamim Funds Management, Ophir Asset Management, Prime Value Asset Management, Perennial Partners, Blackwattle Investment Partners, Alphinity Investment Management, LSN Capital Partners, Lennox Capital Partners and Acorn Capital have invested in Superloop Ltd (ASX:SLC).
What opportunities or catalysts do fund managers highlight for Superloop Ltd?
Fund managers have consistently framed Superloop as a structural share-taker from incumbent telcos, with the thesis building steadily over the coverage period. Ellerston Capital, Ausbil, Ophir and Prime Value, all commenting around August 2025 near $2.84, pointed to firm pricing discipline supporting gross margins into FY26, an acceleration in connections post balance date, upcoming NBN speed-tier upgrades where Superloop outperforms, growth in its Smart Communities FTTP recurring revenue, and its position as a low-cost challenger taking share from larger incumbents. By September 2025 (around $3.05-$3.40) Glennon Small Companies and Ellerston Capital highlighted a return to profitability, record customer additions, the NBN high-speed bestowal driving industry churn in Superloop's favour, strong subscriber growth via the Origin partnership, and solid free cash flow supporting accretive acquisitions; Endeavor Asset Management exited around this time after more than doubling its investment. Infinity Asset Management (October 2025, ~$3.12) described SLC as an under-appreciated structural growth story via NBN resell and the Origin white-label deal, with challenger NBN share seen moving from ~20% toward ~40%. Through early-to-mid 2026, Perennial Partners, Blackwattle, Ausbil, Centennial, Ellerston, Milford, Acorn Capital and Glennon (commentary spanning ~$2.93-$3.55) pointed to a strong 1H26 result with revenue up 23% and EBITDA up 46%, record consumer additions, upgraded FY26 EBITDA guidance ($112m-$120m), the $165m Lightning Broadband acquisition expanding Smart Communities, and surpassing 250,000 Origin subscribers (Milestone 4). Lennox Capital Partners laid out three key drivers - consumer subscriber growth, wholesale/Origin-driven wholesale growth, and margin expansion via AI-enabled cost control - valuing the stock at potentially more than $4 by FY29, while Alphinity, LSN Capital and Ophir also flagged continued market-share gains from Telstra/TPG/Optus/Vodafone and defensive growth characteristics.
What are the key risks to the Superloop Ltd investment thesis, according to fund managers?
Several managers flagged risks around competitive and execution pressures. Ausbil Investment Management (August 2025, ~$2.84) noted the pullback partly reflected profit-taking, switching toward rival Aussie Broadband, no FY26 guidance being issued, and Aussie Broadband winning a wholesale deal with More/Tangerine over Superloop, while also noting the market is highly competitive. Ophir Asset Management similarly flagged Superloop as a top detractor in August 2025 despite giving back July's gains. Glennon Small Companies (January 2026, ~$2.36) pointed to investor concerns around competitive pressures and margin sustainability weighing on sentiment despite ongoing subscriber growth, and in September 2025 noted the share price had pulled back reflecting market volatility and investor caution amid a more uncertain macro environment. Endeavor Asset Management exited its position in September 2025, judging the stock fairly valued and well understood by the market after a strong run. Infinity Asset Management (October 2025) attributed a decline to profit-taking rather than fundamentals, while Ausbil (October 2025) noted shares remained soggy relative to Aussie Broadband.
What is the short interest in Superloop Ltd (ASX:SLC)?
The short interest in Superloop Ltd (ASX:SLC) is 1.28% which makes it the 189th most shorted stock on the ASX. Of the 514.7M shares that Superloop Ltd has on issue, 6.6M have been sold short.
What does Superloop Ltd (ASX:SLC) do?
Superloop Ltd., founded in 2014 and headquartered in Brisbane, Australia, provides connectivity services across the Asia Pacific region. The company operates through three segments: Connectivity, Services, and Broadband. The Connectivity segment develops and manages independent infrastructure, including fibre optic cable, international submarine cables, and fixed wireless networks for wholesale and enterprise clients. The Services segment offers outsourced cloud, managed services, and cybersecurity solutions. The Broadband segment delivers retail fixed-line and wireless internet services to residential customers, schools, and accommodation providers. Superloop focuses on delivering scalable digital infrastructure and comprehensive telecommunications solutions.