Forum Archive Index - April 2001

["Ken Donelan" <kdonelan@ihug.co.nz>]

Sorry pals, there ain't gonna to be a dividend:

1.  Refer to the 31/1200 Annual Report  -
" The directors are of the view that the Company's current structure, its
ongoing capital expenditure requirements, the uncertain property market and
the redemption of the Convertible Capital Notes in 2004 means the
reinstatement of dividends in unlikely in the near term."

2. Irrespective of the above there are plans to convert each 100 shares into
35 x $1.00 Secured Bonds paying 10% interest pa and convertible to cash on
27/6/2011.

----- Original Message -----
From: "nickkearney" <nk@xtra.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Wednesday, April 18, 2001 9:02 PM
Subject: Re: [sharechat] TTP


> Geoff
>
> Not just today.  TTP have been going upward for a short while.  Looks
> like some strong buying there and it might be a good entry at a low
> price.  Don't know much about the divident pay-out but I am considering
> chucking a lazy few their way.
>
> Cheers
>
> NK
>
> > Geoff Ewert wrote:
> >
> > Hi,
> >
> >     Up a little today,what do the chatters think of the convoluted
> > dividend payment proposals?
> >
> > cheers G.........disc . hold a few
>
>
> --------------------------------------------------------------------------
--
> http://www.sharechat.co.nz/          New Zealand's home for market
investors
> http://www.netbroker.co.nz/        Trade on Credit, Low Brokerage. Join
now.
> --------------------------------------------------------------------------
--
> To remove yourself from this list, please use the form at
> http://www.sharechat.co.nz/forum.shtml.
>


----------------------------------------------------------------------------
http://www.sharechat.co.nz/          New Zealand's home for market investors
http://www.netbroker.co.nz/        Trade on Credit, Low Brokerage. Join now.
----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/forum.shtml.