I was at the meeting today and just got home. Had a chat with a couple of the directors. It's not if, but when the big cash flow starts. (and I thought a
7% yield was a good cash flow, which is the current div yield). Mob tv, di tv and dig radio are in the developmental phase. Pressure is now on Helen Coonan to "speed up" the process. These guys are very conservative and very experienced and all believe its sooner than later when things will happen. Also chatted with some of the managers and know there are a few deals are being looked at, like in the US.
I've been in the bus a long time. Haven't got this confident about a company in yonkers years. Can't find anything that is negative. Anybody else with views?
Last thing, the extra 100 mil cash they have won't be given back to shareholders but more likely to either retire debt and/or use to buy more assets. I think the later after talking with both directors and management.
MCG
macquarie communications infrastructure group