Herald Sun Article, page-15

4bean, bell potter has ceased coverage - good outcome as far as I am concerned. The analyst there was obsessed with number crunching and unable to get a grasp of the real upside here. Their approach was doomed from the outset (assume that mbe sign up two telcos per year - who are the telcos, what size are they, etc? - plenty of assumptions there). Far smarter to wait and see the deals they make and go from there. Too obvious? Welcome to the slightly less than intelligent world of broker analysts!