CLSA has highlighted accounting concerns at VOC which is why those shares are dropping. We are dropping in sympathy with VOC. Whilst in the short term (say today/tomorrow), this will have an impact on TPM share price, in the longer term, this is actually good news. Fund managers who are seeking telco exposure will now choose TPM over VOC.
I would not be surprised if TPM share price recovers before the mkt closes today
DYOR
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CLSA has highlighted accounting concerns at VOC which is why...
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