Big on talk and low on tangible outcomes is becoming a strong theme from this management team... First time we see the financial impact of all the spin, unsurprisingly its not good. These guys throw out 'price sensitive' on their announcements like its confetti, though never provide the meaningful detail...
Worth looking into the huge increase in corporate costs as part of the rapidly deteriorating profit margins... Staff and Directors seem to be very well paid...
Starlink has great potential, as do many of their new products, I just hope they get it right. Its a long way back from here.
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