MO
MomentumTracker@momentumtracker_jse·Neutral
fixed line death spiral is real but the fibre numbers they put out last quarter show some traction, problem is it's gonna take years to offset the legacy decline and meanwhile mobile's getting crushed by vodacom's pricing. dividend yield at these levels keeps income players hanging around but unless fibre subs actually accelerate in the next 2-3 quarters, management's gonna struggle to justify the capex burn. enterprise is the only part that doesn't look cooked but one division can't carry this weight for long.