Thks Bug,that makes sense but then again can tpg really afford to do that? Singapore imo only was always a mistake for many reasons so selling it is the best thing to do. Bug,I read teoh is the chairman of merged entity,has the merged entity decided on a ceo yet?.If not do you want one.?
ps I just read on tls exchange what we should understand about the 1h 2020 results.What stood out to me like bulls genitals was the little diagram at the start which suggests tls is a track to reach their cost reduction target of $2.5b.I notice they are now naming it the fixed cost reduction target.The fixed costs were always going to be reduced due to the transfer of tls employees to nbn.Thats not a target thats simply what happens when the govt takes back the tls network . What the little diagram doesn't show is the other half of the total operating costs ,that being sales costs. As suggested does the new merged entity require a ceo.
TLS Price at posting:
$3.78 Sentiment: Hold Disclosure: Held
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