Agree - at the moment I think TPG is still oversold - that said the whole Telcom sector is on the nose . I would like to think that TPG will continue to drift up - personally I would like to see it get to the high $6s so I could lighten my exposure after having averaged down to get there - though I appreciate at the moment that is probably wishful thinking .
My gut feel is that TPG is going to get to around the $6 mark and then sit there until some announcement creates interest - that could be some announcement re progress in Singapore for example - I really can't see Teo doing anything with VOC or the like. A TPG/Vodafone merger would be very interesting and would shake up the Australian market - though it will never happen in my opinion as it would result in TEO losing control given the economics of such a merger.
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