12 months time, page-3

Short-term the uncertainty for the company surrounds:

Federal election outcome this weekend and the NBN policies of each major party.
What form the capital return will take, to be announced August 11th.
Company financial results to be released August 11th.
Ex-dividend date August 24th.

I think that their recent tech acquisitions in the mining sector are moving in a good direction as they transform to a technology company, their recent track record with acquisitions of Pac-Net and Autohome have been excellent (IMO). I would be really excited to hear of further investment in fibre networks and data centres in Asia.

I went to the Oil and Gas Conference recently and the number of suppliers and tech equipment is impressive, there's lots of technology that utilises data and networks around and there's plenty of crossover between O&G and mining services. While demand in the resources sector may be cooling, automation, technology and ways to drive efficiency are increasing.

Can't offer an opinion on capital flow between the banks and TLS. That's given me something to think about for sure though.