Thanks Mista Trix, one of those two articles has encouraged people as it has slowly ticked up over the last couple of days... Leaky ship?
Printable View
Thanks Mista Trix, one of those two articles has encouraged people as it has slowly ticked up over the last couple of days... Leaky ship?
FNZC also upgraded to buy recently. The catalyst for the upgrade was the capital management initiatives which significantly lowered (not eliminated) the risk of a dillutive capital raising.
Unfortuantely, I think it will be a while before the share price recovers to anything like it was before the hypocritical and self-serving Telcom Users Association and the misguided anti-Commerce Commission decided that Chorus should not be allowed to carry on its business in a manner which allows it to earn a reasonable return on the shareholders' capital.
Concon, Chorus made a reasonable profit! How dear you allow this to happen. You'll have use the FPP to lower the price even more. Simply not good enough.
http://www.chorus.co.nz/chorus-full-...ry-uncertainty
The result was more or less in line with expectations and (IMHO) contained nothing to get excited about. Everything still hinges on achieving a more realistic regulatory outlook.
FWIW, FNZC has maintained the outperform rating and slightly increased its target price.
"OPINION: Chorus' certain uncertainty"
http://www.nbr.co.nz/article/guest-o...orus-th-162580
I suspect there's only a few of us still holding Chorus. Most people sensibly sold long ago.
Anyway, I see CNU has increased a little since the election, as could have been expected. The new National Government may or may not be able/willing to provide greater regulatory certainty but they are certainly not going to make things worse than they are at the moment for the company, not if they can help it. Labour on the other hand was proposing a review of the UFB roll out and I got the distinct impression that the opposition Communication's spokesperson did not care for Chorus.
Regardless of what the Commerce Commission comes up with, the proposed expansion of the UFB by the Government should have a positive affect on the company and more and more people are moving to fibre. Maybe in a year or two I'll break even in what has been a woeful investment.