Yep, well no point in getting upset about this crap SP unless you have to use your capital elsewhere. TPM are being treated as though they bought an overpriced overseas company that was a dog like SGH did. They did pay overs for the spectrum licence no doubt but in ten years time it will look reasonable looking back I think.
Singapore carries small to moderate risk even if it is a total failure as outlay is only under 500 million spread over many years. As is the spectrum risk spread over many years and almost a certainty to be earnings positive after a decade.
This is a 5 to 10 year prospect to so don't stress about SP if you can hold long term. I hate being stuck in low dividend stocks but shit happens in this game.
TPM Price at posting:
$4.89 Sentiment: Buy Disclosure: Held