I think what many forget also is that the share price is already heavily discounted for high debt levels and risk of capital raisung should NZ sale either not achieve the right price and be pulled, or need a little extra capital to restore balance sheet health and flexibilty.
At end of day despite the gloom and terrible recent performance, Vocus does have a suite of quality assets and a capital raising will be supported (esp with new leadership).
What has probably leaked and pushed down price is what any prudent board would do - prepare for and be ready to launch CR if necessary, should plan A not work out.
Any short term SP flop related to CR will likely be relatively brief with strong covering by large short posution in stock, as their trade reaches its natural conclusion.
ASC likely to be a good earner in time, systems integration will be achieved, and the dreadful NBN related industry backdrop of recent times likely to shift materially for Telco sector with 5G fixed bypass and government capitulation on NBN Co's wholesale pricing and 3% minimum return (for NBN debt to remain 'commercial borrowing' and hence off gov balance sheet debt. Watch soon after next year's fed election. PE interest will be well aware of tge embedded value and earnings leverage in assets - and won't be as short term as our market.
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