Superloop tumbled 12 per cent to 75¢ on Tuesday after it downgraded full year earnings guidance by $2 million, doing little to revive investor perceptions of the dark fibre and cloud services business as a capital sinkhole.
Its half-year net loss ballooned from $8.7 million to $21.4 million.
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Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com
