Forum Archive Index - August 2000

[Nick Kearney <nk@xtra.co.nz>]

Tardy reply

Me thinks it is good.  US companies have the same philosophy and grow
their businesses which is what TEl needs to do.  

The unfortunate thing is the more they grow the more money goes
offshore.

Cheers

NK

Ben Dutton wrote:
> 
> Extract from TEL Press Release
> 
> Dr Deane said investments for future growth, including some yet to be
> identified, require Telecom to maintain strong cash flows and financial
> flexibility.
> 
> "Given our growth outlook, a change in our dividend policy is now
> appropriate," Dr Deane said. "Going forward, Telecom intends to make an
> annual dividend pay out of around 50% of net earnings. This target will, as
> in the past, depend on the level of Telecom earnings and cash flows, and on
> any particular investment opportunities which might arise."
> 
> **
> 
> In light of the recent discussion on the ShareChat Forum with regards to
> dividends, I find the above turn-around by Telecom interesting.
> 
> Personally, I think that this change in strategy is a *good thing* for
> Telecom's future as a competitive, flexible and expanding company.
> 
> There could be downside (and TEL dropped like a stone after the market
> opened this morning) as some investors sell, but IMHO this strategy will
> ultimately pay off for TEL.
> 
> I'd be interested in finding out other chatters opinions.
> 
> Best Regards,
> 
> Benjamin Dutton
> 
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