Yeah I think that needs to be taken into consideration when the CAPEX comes out, financiers will be looking at inflated capex numbers all day so it's not going to be a shock to them.
The fact TMT had reasonable capex numbers previously and they often talked of scope to lower the capex (outside of inflation obviously).
So I think everyone should avoid the cheap analysis of "the capex has blown out $150mil" or whatever..
It will still inevitably be thrown out there by anyone trying to cast a negative on TMT.
But take a look at your next grocery bill for the same stuff you bought 3 years ago. It's a different world.
TMT Price at posting:
33.0¢ Sentiment: Buy Disclosure: Held
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