half yearly report, page-4

1/2 year was about what I expected.
Increase in doubtfulls is meaningless as these are secured against land and crop, defaults may even increase profits longer term if TIM seizes default assets.
A failure in ATO case is mostly written into share price, so anything positive I see as upside.
Bit concerned about write down in tomato assets, wonder why.

As Watford says though, TIMPB much better than TIM itself.

Neil

Hold TIMPB but not TIM