Attention Vocus Group Ltd (ASX: VOC) shareholders, look away now…
Vocus Group share price
Down 5% today — and 18% in five days — the Vocus Group share price has been on a one-way ticket downwards. As can be seen above, Vocus shares have underperformed the market – or S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) — by around 80% in a year.
Ouch!
What's happening today?
Vocus has not released any material news today, or this past fortnight.
However, there have been rumblings and other company announcements, which may be contributing to the company's sell-off.
For example, today, TPG Telecom Ltd (ASX: TPM), which is also the owner of iiNet, announced that it has been successful in its bid for mobile spectrum. That will give TPG and iiNet more space to launch a 4G network around the country, focusing on the most densely populated areas.
Shares in Telstra Corporation Ltd (ASX: TLS), which is the number-one mobile operator, are down almost 7%.
What now?
There are other background concerns plaguing Vocus shares at the minute. Its recent acquisitions, the uncertainty surrounding the NBN rollout and its infrastructure spending (e.g. submarine cables) are giving reason to some investors to avoid the company.
However, at today's prices, investors may also be missing a bargain buying opportunity. In my opinion, Vocus is certainly one to watch closely over coming years.
