nice work, numbers look good to me.
the high debt and potential for margin compression is keeping me away for now. there is a good entry point but its not yet as we are still in a downgrade cycle with no rewards in terms of synergies and minimal organic growth.
i guess low 2s would be attractive but the business remains fraught with further earnings downside risk for the near future. telstra, tpg and others are gearing up for a pricewar while small capital light resellers are going to compress margins in retail nbn broadband.
no thanks.
nice work, numbers look good to me. the high debt and potential...
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