The dividend 15.5 ?, page-3

it's just 'dude' language which happens to be the 'in cool' at the moment.

what he was trying to convey to us more reserved types is this- TLS gets one off payments from NBN to 2020, even though their EPS is in decline.

then they get 1 billion indexed linked every year till about 2035 from NBN for maintenance of the copper network.

but the trouble is this- the actual maintenance bill is so high and yet that is all they are getting from NBN-a fixed amount.

so in other words- the only way TLS can maintain divvy to 2020 is to artificially inflate the real worth of TLS as a business by offering share buybacks and increase EPS by stealth.

now we have another problem- TPG mobile which will create a 4 billion dollar black hole for TLS by 2018.

so what should holders do?

as you wisely say in your anecdote- be happy and spend your hard earned whilst you are still capable of counting your cash.

cheers crazypunter