Telkom share price hammered after weak earnings

Jan

Who's the Boss?
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Telkom's week from hell

Telkom had a week from hell. After reporting a drop in revenue on Monday, investors dumped the stock, which resulted in its share price plummeting by 13%.

Telkom CEO Serame Taukobong put up a brave face, saying they demonstrated a solid performance in the broadband market despite an intensely competitive landscape.
 
Telkom, please don't do a Mara!! My cheap uncapped LTE + FreeMe contracts beg you.
 
I'm abandoning ship from Openserve to Vuma. Broadband is a fickle business.
 
I like Warren Buffet's philosophy when it comes to investing in stock for the long-term. Even in difficult times, he has always been right and still are the single investor in the world who made his clients' the most money. Unfortunately, there are not many companies on the JSE that will comply with his criteria. Perhaps less than 5, if that many. Telkom would definitely not be one of them and would only be a gamble for those willing to take the risk.
 
Shem. “Telkom’s traditional copper businesses are dying a slow but very clear death,” he said.

Wait.... but Telkom informed their Customers that they will be doing away with all copper services (even if there were no real cable theft in the area). This was both for home ADSL as well as business lines like Diginet.

So a blanket statement instead of a business case for only decommission services where it was not profitable anymore.

So customers made another plan and went with other service providers like Neotel(Liquid), MTN, Vodacom and others for broadband services.

Shem. Self-inflicted death. Management got bonuses for those decisions.
 
Shem. “Telkom’s traditional copper businesses are dying a slow but very clear death,” he said.

Wait.... but Telkom informed their Customers that they will be doing away with all copper services (even if there were no real cable theft in the area). This was both for home ADSL as well as business lines like Diginet.

So a blanket statement instead of a business case for only decommission services where it was not profitable anymore.

So customers made another plan and went with other service providers like Neotel(Liquid), MTN, Vodacom and others for broadband services.

Shem. Self-inflicted death. Management got bonuses for those decisions.
100% I think Maseko got too cocky, they could have allowed the natural progression to happen instead of the intimidation tactics they tried on copper clients.
 
You should though, because Vodacom and MTN will use this as ammo for why they cannot lower prices.
I will never in my life support Telkom again . VC/MTN can raise their prices, I'll use my Teams etc to call on fibre/Rain etc.

Fck Telkom
 
I would actually like to still have a fixed line connection. But the crap they replaced it with had me dump them a while ago.
 
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