TLS 2.12% $3.86 telstra group limited

Because 1) Estimated cost saving of around 1.5 Billion a year...

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    Because

    1) Estimated cost saving of around 1.5 Billion a year from 8000 Jobs reduction. Also year 2018, 22 cents Dividend is Assured by TLS Management but 2019 dividend.
    ..
    2) Looking at their presentation, seems negotiation for assets sale (building housing the exchanges) is underway.
    ..
    3) Several thousand Telecom Exchanges in Residential Area. Telstra wants to sell those properties and lease tiny part for exchange which wll be leased by InfraCo. Those Properties are worth Several Millions Dollars Each. One exchange is near my house. It is on 6 houses lots. Average price there is now $900,000 Each Lot Minimum. It is in Residential Area.
    ..
    4) At today Presentation, TLS Management was tight lipped about strategy and price of all those assets. However, sale of Land associated with Exchange is likely to happen any time during 2018-2019 financial year before InfraCo become a separate identity. I expect sale sooner than later. This will help to pay NBN cost plus they may end up in saving too.
    ..
    5. Major issue is NBN roll out cost in 2019. Exchange Building Asset sale will cover that.
    Last edited by sircorp: 21/06/18
 
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