My recollection from the TTS annual report was that the interest earned from the $550+m is currently being utilised by the coy to pay interest commitments on borrowed money. The lump sum will be not recognised as extraordinary income in the coy accounts until the High Court decision is delivered. In the event the decision is handed down in TTS favour, it will be a bonanza for the coy and the s/holders. I would think the coy would make a substantial capital return to the s/holders. Just my thoughts, please DYOR.
Keeping my fingers x that the High Court will up hold the Supreme and Federal Court decisions.
TTS Price at posting:
$4.04 Sentiment: Hold Disclosure: Not Held
