Had quite a large position across a couple of portfolios and...

Had quite a large position across a couple of portfolios and only sold down ~40% in 1 portfolio just before the capital return/dividend debacle

still relatively large losses, but given the share price currently, represents between 3-4% of the portfolio so big enough position to be painful when it halves over 4 mths

anyway, hard to know if people are selling for tax reasons or expectations from telstra have not materialised, but mgmt either show they can execute, or this just languishes here (well goes lower if no profits & cashflow despite ~30m in revenues)