Thanks Watford...great summary...and what a great opportunity to short the main share.
I'm pleased I jumped out of TIM @$1.25 (the blood has now congealed but it would have been a lot worse to hang in there)and into TIMPB.
As a subscriber to a certain investment newsletter that has steafastly backed TIM all the way from the highs of $4 to where it is today (82 cents) I can tell you that the subscribers are getting restless...but they hang in there on the strength of the revenue stream to flow from the debt book.
It's that debt book that will protect TIM's future...medium term in any event.
Have you studied the "revenue flow" from the book argument?
Plus, I'd love a favourable tax ruling
TIM Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
