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Correct when you look at the markets as a whole and then see company's like this slowly going one way its clear what the markets think. Confidence is gone and something needs to happen for this to be restored.
"Correct when you look at the markets as a whole and then see company's like this slowly going one way its clear what the markets think. Confidence is gone and something needs to happen for this to be restored."
The market's negative treatment of the Telecom sector is unwarranted in my opinion, and as I've said previously it's contradicted by the amount of private equity ploughed into mast infrastructure and FTTP. I think many big market players have intentionally pushed down Telecom sector stocks, as an attempt to weaken and test their balance sheets; With some companies, it appears to be paying off, like Telecom Italia looking at merging its fixed line business with Open Fiber, or Vodafone spinning off Vantage and selling half to private equity. In Vodafone's case, they appear to be moving more toward partnerships, in many of their operating markets anyway, like the attempt for a 3/Vodafone merger in the UK, or VodafoneZiggo in the Netherlands. Since it appears the market is playing a long game with Telecom stocks, the best thing Telecom companies can do is move forward with their business plans and ignore the market games.
fleccy - I would tend to agree with you on this.
I mean just look how they pumped the likes of FXT and other nonsense into the stratosphere. Companies with no assets whatsoever. Just selling hopium to the masses, drummed up by market makers and early "game" makers.
Just look at how the markets punished the oilies back in 2020 without any substance whatsoever. Then again, it creates a fantastic opportunity for those who know what products and services actually sell in the real world.
I fully agree that the current treatment of the telcos appears to be orchestrated, but have to say that governments play a huge part in this also. The spectrum auction process is scam in my opinion.
Why is it only applied to telcos? Why not i.e. the drug industry? Why have it in the first place? Allow the players to resolve it through new innovations etc.
Why is consolidation of telcos bad? If it's bad, how come they are allowing the likes of Google to laugh all the way to the bank although they have clearly created a monopoloy? How come US companies are allowed to dominated the cloud market? The list goes on and on and on.
In summary, double standard and window dressing in one sector and the opposite in another.
apologies for the typos. I wish there was an edit function.
https://finance.yahoo.com/news/quantexa-vodafone-partner-even-better-093200756.html
I agree with your general sentiment Mesh. As far as the Spectrum auctions are concerned, there's no doubt Governments use them as a cash cow, but the Telecom companies have no choice but to go along, since spectrum is a finite resource and needs to be managed across different applications.
I believe manipulation occurs across the drug industry too, was the AstraZeneca Covid vaccine trashed because it was offered at cost? And the market players wanted to make big profits from the more expensive MRNA vaccines? Since it would be the taxpayers, in the richer countries, who'd pay the price for the more expensive vaccines; It's funny that the AstraZeneca vaccine has been used throughout the third World without issue.
https://theconversation.com/what-happened-to-the-astrazeneca-vaccine-now-rare-in-rich-countries-its-still-saving-lives-around-the-world-181791
There have been issues with the MRNA vaccines too, but they seem to have received less mainstream coverage.
https://www1.racgp.org.au/newsgp/clinical/myocarditis-warnings-strengthened-after-death-link
https://www.independent.co.uk/news/uk/home-news/death-covid-pfizer-vaccine-mother-b2072988.html
The oil and Gas industry is manipulated, I mean how many industries allow a Cartel like OPEC? But irrespective of OPEC, market players hoard Oil in tankers and play other games with the prices. The US Government has fought back Oil price increases by releasing reserves. The market appears to have the ability to manipulate any commodity, whatever it is, like Nickel back in March:
https://www.cnbc.com/2022/11/29/lme-had-regulatory-obligation-to-be-able-to-cancel-nickel-trades-in-march-filings-say.html
We've all heard about Libor and other scandals. Crypto currency is just smoke and mirrors, in my opinion, with no intrinsic value and no real-World uses, except for the criminals. In truth, the whole market is rigged from top to bottom.
Indeed Fleccy!
In case of interest, highly recommend the following excellent books:
The Spider Network - about Libor.
Blood oil - Saudis influence
Empire of Pain - The dirty tricks of the industry and the massive political corruption and decay. A fantastic book.
Bad blood - The Silicon valley greed, political corruption and the none existing regulation
meshtrader. You say" the spectrum auction process is a scam,why does it only apply to telco's, why not the drug industry". I agree that spectrum charges are crazy, but to use drug companies as a comparison is way off the mark surely?. I think many sick people who rely on drugs would find an auction similar to telco's on drugs outrageous.