bye bye, page-5

You sure that today's sentiment does not have something to do with a new brokerage report issued today.

According to OzEquities (in their Hot & Spicy this afternoon):
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National Telecoms Group downgraded ..

A leading broker has downgraded its recommendation for National Telecoms to "under perform, speculative", increased the stock's risk profile and cutting forecast earnings by around 30%.

The broker says it does not agree with the majority of (negative) claims in the recent press campaign, but expects they are likely to impact on sentiment.

The broker says the greatest risk relates to access to finance. Should NTG's partners restrict access to finance this would require NTG to internally fund rental contracts and would dramatically impact cash flow and reported profits. The broker has not assumed any restriction at this stage.

The broker also cannot assess the risks arising from the ACCC review (which may blow over or may extend) given that it is confidential. NTG down 21.5c to 29.5c