News: TLS Telstra sells remaining stake in Autohome to Ping An Insurance Group, page-6

curiouswon,i didn't understand when tls sold out of their autohome majority holdings y they kept 6%,it seemed strange but there could b a reasonable explanation?
ps i tried doing the maths on the extra capex ie the $3b over 3 years ($1b pa) and as u suggest the autohome sale,as accountancy has so many grey areas surely the accountants could have at least produced an eps figure above the div figure,blind freedy was already aware of the tls high payout ratio,absolutely when eps is less than div tls sp is going to do what it is doing.Tls new the various one off's in first half including regulatory issues and the deferred nbn rentals payments would b included in fy agm plus extra capex and deferred rental would create less eps why not adjust financials to reflect above rather than saying $212m rental payments r lagging roll out of nbn ie nearly 50% rolled out,rental payment $212m ,$1b rental payment confirmed at report on nbn completion when penn asked,that should mean rental payments were more like $500m half year,maybe even deferring capex for a couple of months whatever.
Imo not really grey areas just seems to me tls had room to move with financials to even out half year figures so no loss in either half of fy 17.