VOC (ASX) Heading to $2

Originally posted by BobbyKennedy ↑

And the Board have taken the decision to revise downwards the FY17 forecast as and when they became fully aware of them. It takes time to understand these issues. You can't just discover it, send the company into freak-out mode and release an announcement. The Board needs to fully understand the issues and what they're going to do about it first.

I'm only new to VOC (got in with super at $3.25 a few weeks ago and yesterday with my active portfolio at $2.46) so I'm not approaching this as a fanatic but more so from a commonsense perceptive. The bad news is out there. The SP was accordingly punished and the Board have charged all the expenses they can to this year's earnings so next year will be the recovery.

If they bake in the synergies from the acquisitions and finance transformation, sales will rebuild and we'll be banking significant profits again. At these levels, you can't ignore the return on that. Still speculative position as it's based on a numbers of big 'ifs' but long term, the yield will be stellar.

The risk of TO is probably the biggest risk for me now and that ain't a bad risk to have. Is there a chance they'll revise downwards again? I don't think so. If they do, then sure, we'll be in strife but they didn't make this revision a half-arsed, rosy story. It's harsh and comprehensive.

Expand

So you're new to VOC and randomly sprouting buy? Everyone is entitled to their opinions but you need some evidence to back up what you're saying.

You mentioned the synergies will pay off.. they aren't. Revenue has actually gone down due to corporate customers leaving vocus. Why did they leave? They can't provide the service they promised due to integration issues. Geoff said this. So am I meant to believe some random poster on HC that synergies will be met or the CEO.

Please go to the Vocus Investor Page and listen to webcast about the revision. I'll provide the link:

http://vocusgroup.com.au/investors/company-performance/webcasts/

Boards are fed the same information we are and make decisions based on that. I'm sure they are feeling misled too and are quite concerned about the direction of Vocus.

As ninelives mentioned, many analysts don't trust management now due to inadequate reporting. Morningstar mentioned it was "woefully inaccurate".

Until you provide me with some numbers to back up your points. It's basically all rainbows and lollipops.