3 Dividends in 13 months, page-11

Well word on the street is another 20% of staff to go this side of May plus the CEO gone by June 30. Be interesting whether that is seen as a negative or not. Suspect Mr Market will increase the SP on that news.

IMO TLS require a Thodey style CEO not an accountant style leader. You can only cut costs and margins for so long. cramming 210 people into office space for 165 may well be labeled as future ways of working but in the end there wont be enough chairs if everyone goes to work or if the music stops!

TLS need to actually have a product suite and solutions that appeals to market not rely on cost cuts. Their Cloud play is a non event despite that massive dollars invested by them. sales in that domain are well behind the targets. fixed voice is a domain losing revenue (read hemorrhaging) money and clients daily (sometimes to their own departments in other areas ie sip trunking etc.). Mobility was and has been for sometime well below anticipated revenues while Telstra come to grips with Mobile Apps etc.

Massive plays coming though. Mobility will grow on the back of their Workplace Mobility strategy and with ISDN being phased out, every business in Australia will need to migrate to a broadband platform so that is a lot of new revenue even if it is coming out of fixed into IP domain (they are losing clients daily out of fixed anyway so they will retain more and sell a data connection every time).

I am sure the marketing and financial teams will be showcasing these campaigns in a massive positive spin. These two will provide the revenues to buy time for the Global Services, cloud and Apps domains to gather momentum.

So, a few more months of heartache ahead for shareholders but there is light ahead.

Just my opinion of course but i will grab some more for SMSF in the next few months after another sell off which has to come even if it takes until June quarter end.