14/11/2023 09:28

TPG Telecom Ltd (TPG) $4.81

TPG was the worst-performing stock on the ASX200 on Monday, ultimately closing -11.7% lower after data services business Vocus abandoned its $US4.2bn bid for TPG fibre assets - there has been a noticeable trend of suitors walking away from deals of late. TPG has said it will keep exploring its options and has strong interest from other outside investors, although the price/deal might not be as attractive.

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22/08/2023 09:36

TPG Telecom Ltd (TPG) $5.37

TPG surged higher at the start of August after announcing its in talks to offload assets to Macquarie Asset Management’s Vocus Group for a healthy $6.3bn. The TPG Board has granted Vocus Group a period of exclusive due diligence, currently set to expire on 6 September 2023. Under the proposed deal, TPG would be retaining its Consumer business, mobile wholesale and active mobile infrastructure while some of the monies received could be used for a special dividend after strengthening their balance sheet – best guess would be 10-25c.

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22/06/2023 09:23

TPG Telecom Ltd (TPG) $5.26

TPG fell -5.4% yesterday following the tribunal’s decision to uphold the ACCC’s original ruling, although it did bounce well off of its $4.96 low. The market was clearly optimistic about the deal with Telstra to share the network in regional areas of the country. The company maintained FY23 guidance which now includes $20-25m in one-off costs, the stock fell following the release which is logical as it’s now facing a significant infrastructure bill to build out its regional offering, though these plans are likely to take time and their cost is the big unknown at this stage, with history telling us there are always risks of a blowout in costs with undertakings such as these.

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21/06/2023 16:58

TPG Telecom (TPG) $5.26

TPG -5.4%: struggled today after failing to overturn last year’s ACCC decision to deny an agreement with competitor Telstra which would have seen the two share the network in regional areas of the country.

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28/02/2023 09:13

TPG Telecom Ltd (TPG) $5.00

TPG was the ASX200’s best-performing stock yesterday rallying +5.9% on a day when over 80% of the market fell. The stock rallied on Monday after delivering a strong result which saw $140mn in cost savings through business synergies while the average revenue per user rose +1.9% plus guidance was ahead of consensus expectations. This $9.3bn business is forecast to yield 3.5% fully franked over the coming 12 months which is useful but not as attractive as its larger rival.

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18/11/2022 09:01

TPG Telecom Ltd (TPG) $4.88

TPG was thumped in August after delivering a disappointing result and in today’s tough market the stocks showed little ability to recover. TPG is trading on 6.5x FY23e EBITDA which is at a 6% discount to TLS on 6.9x, despite offering higher free cash flow yields at 9.3% versus TLS at 5.4%. TPG is also forecast to pay a similar dividend yield...

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20/10/2022 09:25

TPG Telecom Ltd (TPG) $4.73

TPG delivered a disappointing result 2-months ago sending the stock down -12% on the day, finally closing at $5.80. We gave our position a little room to prove itself before exiting, a quick move would have delivered a better outcome as the stock ultimately fell another -18.5% after the initial day’s plunge, reinforcing our view that “your 1st loss is your best loss in a bear market”.

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05/10/2022 10:30

Flagship Growth Portfolio – Amendments

We are tweaking the Market Matters Flagship Growth Portfolio

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07/09/2022 09:24

TPG Telecom Ltd (TPG) $5.20

TPG delivered a very disappointing profit result last month and the stock has suffered accordingly, for MM turning a paper profit into a loss in one fell swoop.

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02/09/2022 09:13

TPG Telecom (TPG) $5.32

The only hand grenade to land in the MM Flagship Growth Portfolio over the reporting season was TPG which is still sitting over 20% below August’s high having turned a paper profit into a loss in the process.

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