In reply to Pands.Unfortunately that is exactly what i'm...

In reply to Pands.

Unfortunately that is exactly what i'm doing,looking forward.5g is a game changer but not for connectivity profit but for retail arpu and NAS and enterprise.
Tls retail arpu and customers are in a downward trend how can that be explained after tls has invested so much in its 5g mobile network.?
That means penn is not monetizing 5g technology currently and looking forward going by penns guidance..
In 2022 ie in 10 months the one off nbn payments stop which pay for the 6 cents special div.
etc all figures are in a downward trend.
If penn includes tls's mobile infrastructure in infraco it will be tragic for tls imo only.
Wont repeat my opinion on if penn takes back nbn.
investors mutual gives a brief opinion on tls by saying div is sustainable at 5% simplistically imo mentions just '5g'.Well the sp has a 2.80 figure on it,in fy21 it will probably be supported by a .14 cent div representing a 5% div at $2.80.Thats if penn continues to basically pay out all tls's earnings.
The following year ie in 10 months ie fy2022 nbn one off payments stop,so the special 6 cent div stops.
Tls is trading at 2.80 for a reason,and its not the same reason tls was trading at similar prices post GFC.Post GFC tls eps wasmaintained at .30 to .32 cents eps now tls eps fy21 will be approx .14 cents.plus decling fcf.plus paying 50% less in normal div,less if u deduct the special div..
As posted tls ventures which operates autonomously is the only division of tls that is operating like all divisions of tls should be operating.

Again,i'm not the one forecasting the figures,there are penns figures and its penns strategy.Any basic manager can spend capex on a network,it takes a quality ceo to value add to that network and efficiently manage the business ie debt,costs etc.