Ann: FY17 Results Announcement, page-9

Keep in mind that Morgans issued a $2.15 price target (hold) on this post results presentation. A lot of Morgan's clients would have been in since IPO and may be exiting after a couple of years and on the recent downgrade. This could very well dip to $2 without any significant news flow which would be a good price to pick up some more.

I have read the results presentation. What is particularly encouraging is that after a focus on completing construction and acquisitions in recent years, it looks like there will be a strong internal focus on getting the house in order in FY18 through a number of key priority projects (ie, service delivery review, Project Kimono and Magellan) in order to best capitalise on the significant demand we know is coming. Sounds like SLC are designing the strategies to ensure it is in the best position to leverage its strong asset base.

Matt Hollis seems like a good pick up and FY18 will be a key year to track sales growth now all three jurisdictions are operational and well built out.

One question I have as I'm not a telco expert....will it ever make sense for SLC to look at developing wireless networks in HK and Singapore similar to the capabilities they now have with BigAir in Aus or will they simply stick to fibre here? Just thinking of the 5G prize...