RE:RE:RE:Thank goodness for the mis informed weak hands.....dbeaude- your recollection may be a little off. Based on AGM May 2013 Presentation
Colombia was supposed to be 100% UT by end of Q3; it's currently 92%
Ecuador at the time was 100% UT; it has since dropped to 60%
Brazil at the time was 44% UT; it has since dropped to 29%
Brazil was confirmed by the CEO at 44% and was expected to increase with positive of around 75% UT by end of Q4. This was outlined in the Interactive Buyside report.
A few quotes from the AGM Presentation are below:
"Brazil[...] major upside in Q4 2013 and beyond"
"Higher UT will translate into higher EBITDA [...]"
"We are expecting [...] strongest quarters being Q3 and Q4 2013"
Granted, things take time in these emerging markets so perhaps Tuscany team was a little too soon on their expectations, but overall I think Walter sold shareholders a very positive scenario and failed to deliver.