Senior Research Analyst Tony Wilson joins David on the Morning Mail today.
Tony discusses the result from Telstra Corporation yesterday. While the result for the last financial year was in line with our numbers, the guidance was somewhat of a shock. We cover the year ahead, including their change in strategy, the revenue decline and the dividend uncertainty. We retain a negative investment recommendation for the company.
Toll road operator Transurban also reported yesterday. We have retained our positive investment view on the company and comment briefly on the result.
