Thread: Contractors
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Old 28-07-2011, 08:59   #134
Mr Banana
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Re: Contractors

Quote:
Originally Posted by Top banana View Post
Clearly you have no idea what you are talking about. Read vm,s results to see why they suffered and accepted the number of customer losses. Get off the sinking ship as soon as possible as please as you are clearly a has been. Bye bye fool!
The real view -

Deutsche Bank - Equity Research - Europe

Virgin Media : Shaving estimates under tougher operating conditions

Virgin Media {Ticker: VMED.L, Closing Price: 1,680.00 GBp, Target Price: 1,825.00 GBp, Recommendation: Hold}



Await improved visibility on competitive environment
VMED Q2 results were in line with cons. OCF expectations and ahead on FCF but with weaker Mobile and Business growth and poor cable customer net adds (-36k). The weaker subs can be explained by seasonality and a marketing quiet period and apparently the quality of leavers was inferior to joiners. The economy and competition were partly to blame however and we remain concerned on both. VMED has a number of product initiatives and tariff rises in the pipes and the shares are now below our TP, but we maintain Hold ahead of improving visibility.
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