Jonesw, if you are a current TII subscriber, get their Income...

Jonesw, if you are a current TII subscriber, get their Income Hybrid excel spreadsheet which will make these a lot easier to work out.

Also look at the questions posed by another subscriber in the Q&A section (Ross O on 13/11).

I'd also suggest that you re-read their latest analysis looking between the lines.

For me, TII are inferring that TIM management are dodging them big time on a whole raft of issues (not a good sign) and TII have become increasingly concerned about debt levels, recoverability of debtor loans and viability of certain parts of the business model.

They also expressed concerns about TIMPB recovering. Here's their exact comment:

"Make no mistake, if Timbercorp goes broke, the chances of you getting money back are slim (although not as slim as for ordinary shareholders)."

I'm perhaps more risk averse than you guys so I've opted to sell out of TIMPB and get into SEVPC and I'm investingating a few others.

But...I know you'll do your own research.

For the record, TII is a good read and gets you thinking. Soemtimes I just wonder whether they have (or do) make the same mistake as all of us and that is, fall in love with a stock and not see the realities.

They have a number of "mistresses" who have not returned their love: TIM, ROC, PTM, RHG to name but a few.