Tuesday, 06 July 2010
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Fijians Must Disconnect from Telecom Fiji Vodafone Fiji and Connect Fiji NOW
The illegal Compulsory Registration of Customers for Telephone Services Decree 2010 is a wonderful opportunity for the people of Fiji to exercise their FREEDOM as consumers to VOLUNTARILY DISCONNECT their home phone lines, mobile phones and internet for 3 months and WATCH the FUN.
Amalgamated Telecom Holdings Limited (ATH) comprises approximately 48.4% of the Total Market Capitalization of the South Pacific Stock Exchange (SPSE) equivalent to FJ $422.1m as at 30 June 2010.
The ATH recorded a net profit of $64.1m in 2008, $51.0m in 2009 (a decline of 19%) and $15.4m in 2010 (a decline of 53.3%) announced last week (July 2 2010) amidst the avalanche of illegal decrees which distracted the PEOPLE and ATH SHAREHOLDERS from the TRUTH.
This was a 53.3% decline in profit as a direct result of inter alia “falling sales revenue”.
Now under normal circumstances heads should have rolled but we are under a military government that cannot understand simple financial statements nor analyze trends.
As the good old Tomasi Vakatora Jr stated (FT 05-21-10) "Unfortunately, from where we stand at the moment, we see the same situation continuing into this current financial year ending 31 March 2011,… Consequently, we have budgeted for the same level of business as the last financial year ended 31 March 2010, in terms of profitability and dividend payments to shareholders" .
So it is time that we expedite this “falling sales revenue” and get ATH to redo their budget because there should not be the “same level of business” under an oppressive illegal military government, there should be no business unless the illegal decree is revoked by Tin Pots side kick.
Fiji Freedom Bloggers please spread the word to every Fiji Citizen that has a telephone with Telecom Fiji or a mobile with Vodafone Fiji or internet with Internet Services Fiji Ltd (t/a Connect) to DISCONNECT in PEACEFUL DEFIANCE OF THE Compulsory Registration of Customers for Telephone Services Decree 2010.
POWER TO THE PEOPLE <><
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