sevpc, page-23

Hi 2ic,
Hybrids are certainly a value trap at the moment, I'm holding quite a few, but I'm mainly after income, not capital gains. This one I got greedy.
Difficult to understand why they haven't gone closer to $85.
One reason may be that, the terms of the exchange to Telys 4,will have a little bit of carrot to go with the obvious stick being waved.
Another may be ASIC having problems with the pds and changeover conditions.
Wish they'd hurry up with the paperwork.


hope springs eternal