Kitty,first I said trim,not sell out,i still believe tls is an...

Kitty,first I said trim,not sell out,i still believe tls is an excellent co..
I agree with all yr points,in fact i believe i have mentioned them over many months.
So taking that into account we are approx half way thru nbn migration which means we are half way thru filling penns $3b blackhole,which means we basically have another year of filling the other $1.5b of penns black hole .And the financials will reflect the black hole in fy20 again as the other half is filled because the costs of restructuring and probably reduced nbn margin will continue to grow as per above ie reduced nbn margin and restructuring costs because nbn margin reduction as tls customers are migrated and redundancy /restructuring costs are immediate.
The benefits such as nbn long term lease payment growth ,the employee reduction cost savings benefits and probably at some stage sustainable nbn re sell margin are delayed figures.

Best example ,yesterday i watched the foxtel interview with penn again,and again he refuses to put all the relevant figures in one sentence ie he said historically tls had ebitda of approx  $10b,but now $3b  penn describes as the  nbn black hole,he said we are half way thru absorbing the $3b and mentioned basically nbn provides no margin and he mentioned the restructuring costs.
He should have clearly stated the nbn long term lease figure is lagging in growth  behind nbn connections ie reduced margin and lagging lease figure,he should have clearly stated the benefits of employee cost savings  is lagging behind restructuring costs.

So we are left with above approx $3b of tls's historic $10b ebitda figure,then we have approx $3b in NAS and whatever $3b plus mobile plus other revenues to make up approx historic $10b.
Now take out restructuring costs and ebitda was $ 4.7b,then add lagging nbn lease payments and ebitda figure is not far off historic ebitda but clearly eps 1h19 is crap.
So if anyone can make sense of my bad sentence structure etc in above post,then decide if u believe NAS,the iot's and content will contribute to that $10b figure ie NAS etc still not in profit but imo an excellent division especially when content (esports) and iot's is included,then decide if u believe nbn will be written down increasing tls's re sell margin.etc etc etc etc basically above is tls's 3 divisions.mobile,nbn and nas which i include content and the iot's.

My issue as posted,due to above div could have been .10 cents to start supporting a $4 sp,well above market expectations and providing 'confidence; in tls's financial future if you have confidence in above which i do and penn appears to also..
ps at least a new chairman imo only.