Terrible results.
1. 4% sales growth. Their 10-year average is > 15%
2. iiNet subscribers drop.
3. Mobile subscribers drop.
4. Huge dividend cut not a 10% cut. It will take them a few years to get back to where they were previously. It's not like they are losing profit paying out those dividends like TLS.
With that said, my long-term outlook is still positive and I hope there would be a huge sell off to the $5 mark.
TPM Price at posting:
$5.22 Sentiment: Hold Disclosure: Held
