Much better than expectation?, page-22

I've just shorted some at 10.93. Was at dentist this morn so missed the massive spike to 11.30. Earnings forecast to grow at 4.5% in 2HFY16. Despite the high ROE... for a company with PE of 27.4 that's (4.5%) simply not enough in my book. Debt is substantial and capex of 140m due in 2Hfy16. But my main reason is i expect the competition in telco sector to keep growing and become cut throat. Firms will fight hard to get customers.