TalkTalk’s strategy of increasing prices for its shrinking customer base was an unwise move, according to Europe’s largest independent equities broker Redburn. With the increase in competition from other companies, TalkTalk’s prospects are not looking promising, with Redburn expecting the company to halt dividend payments in 2018 and 2019 fiscal years. Delfas also no longer expected Talk Talk to pay a dividend in fiscal years 2018 and 2019. The stock has been on a tear since it went public at €1.20 per share last year, rising more than 200% over that period.
TalkTalk’s strategy of increasing prices for its shrinking customer base was an unwise move, according to Europe’s largest independent equities broker Redburn. With the increase in competition from other companies, TalkTalk’s prospects are not looking promising, with Redburn expecting the company to halt dividend payments in 2018 and 2019 fiscal years. The stock has been on a tear since it went public at €1.20 per share last year, rising more than 200% over that period.