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Re: [sharechat] Contact - and dividends in general

From:	"Colin Ross" <ceejaynz@xtra.co.nz>
Date:	Sat, 24 Mar 2001 18:30:14 +1200

One needs to think that a controlling offshore shareholder may like to take maximum returns.

Could this have been the case with Telecom before the US investors bailed out ?

Ceejay

----- Original Message -----

From: Peter Maiden

To: sharechat@sharechat.co.nz

Sent: Saturday, March 24, 2001 7:57 AM

Subject: [sharechat] Contact - and dividends in general

So S&P are concerned about the level of Contact's dividend, relative to profitability.

One question that has never been answered over years of debate is why do companies, not just Contact, pay attractive dividends when they themselves carry large levels of debt.

In essence Contact have borrowed the $100M odd they paid out in dividends in December.

Doesn't make sense - but a problem that financial experts and economists have grappled with for years.

Sharechatters have any thoughts?

Cheers

Peter.

In addition to

References

[sharechat] Contact - and dividends in general Peter Maiden

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