Yes over the long term the SP reflects perception of the future. You were talking short term with HC comments. The SP really got a whack from the decision to buy 1.3billion or whatever spectrum to compete with OPtus and Telstra. Very long term will be a good decision provided TPM survives as debt is always a problem. I see debt being 77.6% debt/ equity ratio, Telstra has 118.9%. So it is a debt heavy sector mainly because of Telstra's dividends.
Telcos are utilities so no bank will refuse to lend to them, therefore this is a waiting game for years unfortunately. Hard to see TPM not being $10 by 2025 or so but who wants to wait that long with risks.
I have to wait as I see no rush in selling at a 35% loss minus dividends.
I upgraded to buy as it appears to be a washout today. Report should be steady i'm sure the shorters will create stories in the media as they illegally do.
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