growth business required - buy a bank, page-17

the below post is my opinion;

well if the main institutional investors believed that telstra's earnings were going to grow then its shareprice wouldn't be stalled at current levels making it one of the best yielding company's listed on the asx.....if people believed that current management could deliver earnings growth the shareprice would be much higher.

I am in good company with Ralph Norris and ANZ Bank officers in identifying telstra as having a competitve advantage in the banking sector....current telstra management haven't exactly been stars have they?.....they said they would take 1bn from earnings (EBITDA) last year (10/11) and it would back next year (11/12).....well they took 6.4% from EBITDA which is within guidance but they are now only forecasting an increase of low single digit (at best 5%). Well with the way maths works if you -6.4% then you need to plus 6.8% to get back to zero change....so we will get to see at the end of this 2012 FY if their forecast was right or wrong...but they are currently forecasting that they will be wrong.

Anyway enough of talking about 100mill here and 100mill there....only one thing will make me happy and that is real significant growth that a banking strategy would offer....they then enter a pool of over $25bn in npat to share amongst the big4banks and telstra......other option is to see if a bank will buy telstra.

I hold telstra shares and hope that they go up.

disclaimer; the above post is my opinion and is not to be used for making any decisions. The above post has been submitted for entertainment purposes only.