Materially undervalued at current prices: Here's why, page-9

Just came across this article, from the AFR, regarding TLS's move to take control of its stores..




On an investor call, Telstra declined to comment in detail on the financial impact of the move, indicating it would not renew license agreements when they expired but there would be cash involved as it bought back stores.

“We’ll be looking to work with licensees to make sure they’re treated fairly and [receive] any compensation they’re owed as part of the contract or in the transition,” Mr Ackland said.




More evidence suggesting that a cash deal to end TLS's 4 remaining years of contractual obligations to VTG early, is highly likely.