Sorry, misleading statement I started off with last post. I was not referring to TIMPB but answering Watfords question regards what other companies would be chosing to do in the future... step-up or not. TIMPB holders of course can demand redemption. The more realistic risk is that the share price collapses below 50c not that it rallies above $2 IMHO.
Does anyone have access to any recent broker research reports on TIM?
cheers
TIM Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held