RE: Sinking Ship31 Jan 2018 17:19
Its worse than that according to BNP Paribas :
Investors hung up on Talktalk Telecom Group PLC (LON:TALK) on Wednesday as Exane BNP Paribas slashed its estimates, dividend forecast, and price target for the broadband and telecoms provider, saying in a �bear case� scenario the shares could be worth just 30p each.
In a review of the UK telcos, the French broker chopped its target price for the FTSE 250 listed firm back by 35% to 90p, down from 140p previously, helping the stock to drop by over 8% to 119.7p in late afternoon trading, although that was off the session low of 107.4p.
I think this is just the begining! Soon Talktalk will be trading below 100p. Still lot more worse to come.. Good luck if you are still holding!