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

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