Example soul pattersons started as a chemist now a very successful investment co.
Again the SP chairman a pleasure to listen to re his various comments.At a monthly meeting they decide to buy a private swimming school chain.Clearly they feel such a business has a future and imo common suggests it would.
Macquarie does the same thing thru MIRA (macquarie infrastructure and real estate).
This is what holders of telstra should expect from telstra management,not the opaque reporting practices ,lack of acquisitions etc.Again this management and previous have the best network,arguably 50% telco market share ,Australias leading marketing co but only mobile continues to make the same $3b mobile profit while fixed and tls IT not material relelative to capex spent on them.
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Let harbourview/tls ventures suggest investments for tls,what the fruit cake do the many managers of tls do all day?
I constantly read of start ups with imo great potential,gilmour space being one.They have had the govt funding cut because marles feels space is not a priority for defense.?
Tls has invested $10b plus just in their mobile with no real growth in EPS.another
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I suggest if one wants to listen to management a co like telstra deserves they should listen to macquarie,soul pattersons,brickworks,high quality.
Telstra falls into the same caregory as BHP and RIO imo only.
(20min delay)