TechCentralTechCentral
    Facebook Twitter YouTube LinkedIn
    Facebook Twitter LinkedIn YouTube
    TechCentralTechCentral
    NEWSLETTER
    • News

      Fixing SA’s power crisis is not complex: it simply takes the will to do better

      12 August 2022

      Consortium makes unsolicited bid for state’s 40% stake in Telkom

      12 August 2022

      Actually, solar users should pay more to access the grid – here’s why

      12 August 2022

      Telkom says MTN talks remain on track

      12 August 2022

      Analysis | Rain muddies the waters with approach to Telkom

      11 August 2022
    • World

      Tencent woes mount, even after $560-billion selloff

      12 August 2022

      Huawei just booked its first sales rise since US blacklisting

      12 August 2022

      Apple remains upbeat about iPhone sales even as Android world suffers

      12 August 2022

      Ether at two-month high as upgrade to blockchain passes major test

      12 August 2022

      Gaming industry’s fortunes fade as pandemic ends

      11 August 2022
    • In-depth

      African unicorn Flutterwave battles fires on multiple fronts

      11 August 2022

      The length of Earth’s days has been increasing – and no one knows why

      7 August 2022

      As Facebook fades, the Mad Men of advertising stage a comeback

      2 August 2022

      Crypto breaks the rules. That’s the point

      27 July 2022

      E-mail scams are getting chillingly personal

      17 July 2022
    • Podcasts

      Qush on infosec: why prevention is always better than cure

      11 August 2022

      e4’s Adri Führi on encouraging more women into tech careers

      10 August 2022

      How South Africa can woo more women into tech

      4 August 2022

      Book and check-in via WhatsApp? FlySafair is on it

      28 July 2022

      Interview: Why Dell’s next-gen PowerEdge servers change the game

      28 July 2022
    • Opinion

      No reason South Africa should have a shortage of electricity: Ramaphosa

      11 July 2022

      Ntshavheni’s bias against the private sector

      8 July 2022

      South Africa can no longer rely on Eskom alone

      4 July 2022

      Has South Africa’s advertising industry lost its way?

      21 June 2022

      Rob Lith: What Icasa’s spectrum auction means for SA companies

      13 June 2022
    • Company Hubs
      • 1-grid
      • Altron Document Solutions
      • Amplitude
      • Atvance Intellect
      • Axiz
      • BOATech
      • CallMiner
      • Digital Generation
      • E4
      • ESET
      • Euphoria Telecom
      • IBM
      • Kyocera Document Solutions
      • Microsoft
      • Nutanix
      • One Trust
      • Pinnacle
      • Skybox Security
      • SkyWire
      • Tarsus on Demand
      • Videri Digital
      • Zendesk
    • Sections
      • Banking
      • Broadcasting and Media
      • Cloud computing
      • Consumer electronics
      • Cryptocurrencies
      • Education and skills
      • Energy
      • Fintech
      • Information security
      • Internet and connectivity
      • Internet of Things
      • Investment
      • IT services
      • Motoring and transport
      • Public sector
      • Science
      • Social media
      • Talent and leadership
      • Telecoms
    • Advertise
    TechCentralTechCentral
    Home»In-depth»Telkom pulls plug on results presentation

    Telkom pulls plug on results presentation

    In-depth By Editor17 November 2011
    Facebook Twitter LinkedIn WhatsApp Telegram Email

    Questions are swirling after Telkom said this week that, for the first time since its listing on the JSE in March 2003, it will not hold a presentation to talk about its interim financial results, which are due to be published on Monday.

    The results presentations, held every six months to coincide with the publication of the group’s interim and annual results, are keenly attended by journalists, analysts and investors, who have the opportunity to ask questions of the group’s senior management team.

    Though Telkom is not required under JSE listing regulations to hold a results presentation, it’s common practice for big listed companies to do so. Telkom’s listed peers, Vodacom and MTN, organise presentations, which are well attended, every time they report their numbers.

    It’s therefore highly unusual that Telkom has decided not to hold a presentation for its results for the six-month period to the end of September 2011 and the move is likely to prompt speculation — rightly or wrongly — about the reasons for its decision.

    “Telkom is sending the wrong message by doing this,” says Irnest Kaplan, MD of Kaplan Equity Analysts. “It’s the wrong decision because it sends the wrong message to investors.”

    Kaplan says he doesn’t think Telkom has anything to hide and has “faced tough questions” at its results presentations in the past, so he doesn’t understand what motivated the decision. He says holding results presentations is “good practice”.

    A Telkom spokesman explains there is a “renewed focus on implementation in the various divisions of the business and an increase in the pace and momentum of delivery” and, as such, the leadership team has “limited available time given the requirement to embark on a roadshow to discuss issues with shareholders”.

    The spokesman says Telkom “respects the interests of all its stakeholders, including shareholders, customers and the media, and supports their right to have access to essential information about the company”.

    “The company has ensured that detailed information regarding its interim results is widely available and easily accessible,” he says. “The entire results booklet will be posted on the company’s website for public perusal on Monday, and a Sens announcement and media release will be issued on the day.”

    Instead of giving a presentation, Telkom has elected to hold a conference call at 4.30pm on Monday. However, only institutional investors have been invited to participate in the call. Media and individual investors have not been invited to call in. Telkom has, however, emphasised that its management team, including group CEO Nombulelo Moholi, is still available for media interviews to discuss the results, subject to availability.

    Telkom’s spokesman says the reason the teleconference call is being restricted to institutional investors is that the facilities “do not allow for an unlimited number of callers to be placed into the conference”.

    “All Telkom’s shareholders, including individual shareholders, are at liberty to contact the company’s investor relations personnel directly at any time.”  — Duncan McLeod, TechCentral

    • Related article: Multi-Links tears fresh R1bn hole in Telkom
    • Subscribe to our free daily newsletter
    • Follow us on Twitter or on Facebook
    • Visit our sister website, SportsCentral (still in beta)
    Irnest Kaplan Kaplan Equity Analysts MTN Nombulelo Moholi Telkom Vodacom
    Share. Facebook Twitter LinkedIn WhatsApp Telegram Email
    Previous ArticleLogitech Pure-Fi Express Plus: purely pedestrian
    Next Article Why Zappon failed

    Related Posts

    Consortium makes unsolicited bid for state’s 40% stake in Telkom

    12 August 2022

    Telkom says MTN talks remain on track

    12 August 2022

    Analysis | Rain muddies the waters with approach to Telkom

    11 August 2022
    Add A Comment

    Comments are closed.

    Promoted

    Get your brand in front of TechCentral’s amazing audience

    12 August 2022

    Pricing Beyond CMYK: printers answer the FAQs

    11 August 2022

    How secure is your cloud?

    10 August 2022
    Opinion

    No reason South Africa should have a shortage of electricity: Ramaphosa

    11 July 2022

    Ntshavheni’s bias against the private sector

    8 July 2022

    South Africa can no longer rely on Eskom alone

    4 July 2022

    Subscribe to Updates

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    © 2009 - 2022 NewsCentral Media

    Type above and press Enter to search. Press Esc to cancel.