Key analyst bumps up Telecom valuation, sees further buybacks - but limits to optimism
NBR staff Wed, 20 Jun 2012
Influential Forsyth Barr analyst Guy Hallwright has bumped up his valuation of Telecom shares froom $1.92. to $2.05.
The reason is that ForBarr has reduced the weighted average cost of capital used in its Telecom DCF from the pre-seperation 11.5% to 10.3%, noting "The value split we used at
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