its a dud, page-33

pretty sure it was thodey commented the divvy would be paid for 2 years,it may have been a guarantee and i think it was a media release,some believe it might go up,imagine the impact if it increased by even 1 cent,of course with all the changes company tax might go down bringing it more in line with paye tax that could see a divvy maintained or even grow--the possibilities are endless the probability is a different matter.

if TLS could mirror utility status then one would think any discount on the sp, would be minimal--at 7.5% return fully franked and discounted by 15% its $3.17 on p/e alone,so lets wait and see--i am in for the ride until i see a better one