Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
Telecom, the largest listed company, declared a $1.1 billion share cancellation at its third quarter report but couldn't give guidance on earnings or spending plans amid ongoing uncertainty.

<snip>

"Broadly in line with what we were expecting, and certainly what the market was expecting in terms of both the earnings and the capital return, so no shocks whatsoever there," Mr Lewthwaite said.

"It's just a hard market to impress, so the fact that there were no positive surprises or no CEO announcements meant that it was just greeted with a bit of a grunt and sold off slightly."


http://www.stuff.co.nz/stuff/4046973a6020.html

Even more commentary from down under at this link:

http://www.stuff.co.nz/4046765a13.html

David
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement