fzanc,
Sorry, misleading statement I started off with last post. I was not referring to TIMPB but answering Watfords question regards what other companies would be chosing to do in the future... step-up or not. TIMPB holders of course can demand redemption. The more realistic risk is that the share price collapses below 50c not that it rallies above $2 IMHO.
Does anyone have access to any recent broker research reports on TIM?
cheers
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