The reduction in future dividends is a big blow to long term "mum and dad" investors. Imagine income to be reduced by 30% (just like a pay cut of 30%).
CEO has yet to finalise the securitisation of NBN income. No clear direction from him as to how to grow the business via technology. Overall, it was a poor day for investors.
To be fair, the actual result was reasonable.
Any suggestions as to how to deal with our investment in Telstra?
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