Well done to the new CEO (former BHP Chief Financial Officer).
He is now treating TCL like it were a miner, reduce debt and extract the most amount of $$$ from existing assets and be on the prowl for new assets.
TCL is now in the best position to expand capacity of existing assets and better placed to make acquisitions. In media releases Chris did say that TCL has freed up its balance sheet..surely that must be code for (Eastlink is now on our radar).
Nothing has really changed to TCLs revenue streams, yet the market sells its down. Funny that, the CEO pulls off a brillant change in focus for the company yet the market remains short sighted.
Surely now TCL is in a better position to have the ability to grow is revenue streams than before. In the end shareholders will receive the $$ in capital growth rather than divies.
TCL Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
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