Yes. I suspect the drop in share price is anxiousness about what...

Yes. I suspect the drop in share price is anxiousness about what the forecasts will look like when the annual report is released tomorrow!

TPG may actually include a pessimistic forecast range in their update (pointing to NBN 25% less forecast activations) in order to aid the court case! They could very well point to this official filing as evidence that they can't possibly build a mobile network on the basis of what the business alone generates in the current market conditions.