Goldman sachs report can be attributed to today’s fall. They have cited mobile business network execution risk, regulatory risk - government trying to defend NBN interest, stretch balance sheet- speculating potential capital raising. They have placed 4.85 price target, further hurting the already down investor sentiment at tpg. I had to sell to limit my losses, hoping to buy cheap down the road. I like tpg ,however do not want to fight against the market sentiment and bear more losses.
TPM Price at posting:
$5.26 Sentiment: Hold Disclosure: Not Held