Folks We have dropped 20% in a week. From $1.82 to $1.46 as I write this. Sellers are 4 times buyers.
Is this a panic sell out of telecoms as we saw with Telstra yesterday or the general sentiment engulfing world markets? No announcements or reporting yet from TPG. Are we expecting bad results, I doubt it. Worst would be aneasing of the rapid growth we saw in the last reports.
The Telecom NZ thing hardly affected the SP when we lost the bid yet this week something else has caused a major negative sentiment. I would not have expected TPG to have such volatility.
Any ideas would be appreciated.
Regards Dave
TPM Price at posting:
$1.47 Sentiment: LT Buy Disclosure: Held
