re: for grovulent Can't say I've looked at it in depth...
Will keep an eye out on it as it progresses tho... share similar sentiments to Colin - emerging tech - will wait to see what it delivers.
Although in general see it as another threat to incumbent infrastructure players (always the greatest risk in paying for infrastructure is that someone is going to come along and kill you off with emerging and ascendent technology (if that is what BPL proves to be). Another reason why a company like PEO is so attractive.
As I said, I haven't looked in detail at DFT - though ran a quick check of the PE ratio and it comes in pretty high - however as you bump up the income figure it drops pretty dramatically. If I had time some money spare to invest I would definitely do some more detailed research on DFT. But I have neither really - so probably won't. :)
PEO
people telecom limited
