im homding voc as 10% of my entire portfolio so im a believer, and like the value at these levels, but not many people will be willing to buy in big enough to push it above 4.00 ish until we get some positive announcements and guidance.
announcements like the recent underwater cable mean short term capex with earnings benefits not appearing for a few years, so it doesnt change short term sentiment.
vocus is still considered a market dog, but that means it is the best time to accumulate for medium term holders.
i cant see it going below 3.50 sunce all the volume has washed out of the selling, but who knows in this market? i hope there is no more bad news to come, but i think we all have to wait 12months for the turn around story.
expecting a big rise in guidance in feb is a pipedream, and given the ongoing nbn issues it could be flat for a while.
stay strong guys and girls. it will pay off 2018 onwards.
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