Roger Samuel

Roger Samuel is a senior analyst covering TMT-related SMID stocks. He used to cover a wide variety of sectors in mining services, consumer discretionary, professional services and healthcare.

Roger Samuel also has been covering the telecom, media, technology sector for over 10 years, and has developed a strong network of industry contacts. Prior to Jefferies, he was at CLSA, Nomura and Goldman Sachs covering TMT, healthcare and mining services. He served on the board of the CFA Society of Sydney for 9 years.

Small & Midcap

What I Am Known For: 

• Industry contacts and sector knowledge
• A focus on data tracking, earnings drivers, and momentum
• Corporate access with industry contacts and experts
• Strong relationships with company management

How We Are/I Am Different: 

• Comparing SDR vs MP1, arguing that SDR is better value, and the stock has added 65% since.
• Initiated coverage on DGT and MAQ in 2025 with a Neutral rating.

Corporate & Strategic Access

• Jefferies Global Software Conference Newport Beach (May-25)
• Sydney Digital Infrastructure Day (May-25)
• Brisbane Geek Tour (Sep-25)
• Melbourne Geek Tour (Oct-25)
• Numerous company calls (listed & unlisted) and expert calls

Small & Midcap

What I Am Known For: 

• Industry contacts and sector knowledge
• A focus on data tracking, earnings drivers, and momentum
• Corporate access with industry contacts and experts
• Strong relationships with company management

How We Are/I Am Different: 

• Data Centre Sector Deep Dives – tracking development applications/approvals, vacancy rates, market pricing, and planned and built MW for all ANZ players
• Downgraded XRO at the right time post FY25 result when we saw cracks in the business, in a non-consensus call.
• Upgraded TLS in December 2024, preferring it to TPG.
• Held onto our Buy call on CAR despite US uncertainty
• Proprietary surveys on the telcos and classifieds

Corporate & Strategic Access

• Jefferies Global Software Conference Newport Beach (May-25)
• Sydney Digital Infrastructure Day (May-25)
• Brisbane Geek Tour (Sep-25)
• Melbourne Geek Tour (Oct-25)
• Numerous company calls (listed & unlisted) and expert calls