timpb dividend payment, page-16

Actually, I don't read much into this. I think the payment of interest on TIMPB was probably negotiated with the banks on the basis that TIM could raise equity easier if punters thought things were not all that bad. Just a thought. What do you think? I think things are shocking out there for most companies and TIM is worst than most. I personally think TIMPB will go higher but only as a ratio to TIM. But your earlier comments are more valid...there is a risk you buy TIMPN at say 42, get the 6.73 cents and the whole company tanks! That is my fear.......you blow 35 cents or so....wpuld be ok if you could short TIM but CFD providers (that I know) have them as LONG ONLY trade.

Your views?