Well GR I bought some this morning to add to my position. This is not a show of confidence in management. When you forecast a 50% reduction in net profit its easy to hit target,and management appear to be on track to hit target. I will not b adding to my position. -ebitda guidance still maintained as low as $7.4b. -net profit down 7.6% to $1.14b. Tls is no longer the safe haven it once was,as per previous posts. There are many figures to try and understand. Bottom line tls states 2021 will be the final year of the nbn headwinds what does that mean for 2021 forecast? And again its made very clear the div is divided into 2 parts,asctual div 5 cents,special div 3 cents.Sry but i see this as a potential butt covering excuse if they have to cut div.
I would like Blacks to post the figures that he/she feels penn is succeeding in.? I must try and find where this 500m ebitda growth figure is because it doesn't appear to be showing in ebitda forecasts,same the actual $90m turn around in ebitda. I must double check this,but ebitda for NAS was approx $250m with a approx 15% margin,doesn't sound to exciting to me. But early days,and lol we still have the merger decision. I hope we r not the crew on the Andrea Gail. ps and just so all understand where penn is coming from he repeated his view that climate change would be the defining challenge of the decade.Combined with there board room target of 50/50 gender they say with the recent board appointment the board is now at 30% female.I wish he would look more at where he can acquire and increase profit.
TLS Price at posting:
$3.93 Sentiment: Hold Disclosure: Held
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