Hmmm - Good question, I think the limits was reached (just about). There might be a little oscillation for a while. The market appears to have anticipated the latest BCX news and it is customary for a buying share to retract a little - combine that with the "little" retraction the entire JSE experienced and I think it did well staying above R68. Fundamentally I think Telkom is far from worn out. Sipho Maseko is very competent and doing very well. He is taking those hard decisions ad steering Telkom in to a leaner, meaner company with much better focus. 8 June will see the release of their final results. Personally I don't think there will be a dividend yet, not with the exceptional events (outsourcing and retrenching) but it will be good and I fully expect next year to be even better. The fibre backbone that feeds most of the new FTTH installations is going to change the country - especially with the government on board.
