Forum Archive Index - May 2001

["Richard Hooper" <hoop@ihug.co.nz>]

Hi David
Sounds like u have yr 2000 Datex book ( NZ Investment Year Book)... yr2001
book has been released ,ring Access Brokerage ph 0800734644 to get a copy.
Latest Datex book says..."" Telecom's growth strategy has caused a revision
of the distrubution policy from 2000-2001 with the intention to reduce
future distributions to approx 50% of after-tax profits. ""Interim Div 10cps
And guess what .. when that news broke last year the div was halved and so
was the share price..so much for the experts saying that div doesnt govern
shareprice, fundamentals do...Be interesting to see what the shareprice is
in a couple of years as alot of people think this share is now undervalued.
Disc;- Never held TEL but am watching it with interest.
Cheers
Hoop

 ----- Original Message -----
From: "H David" <david8686@hotmail.com>
To: <sharechat@sharechat.co.nz>
Sent: Wednesday, May 23, 2001 10:07 PM
Subject: [sharechat] TEL


> Bought some TEL share today at $5.58.  Can someone tell me how much of
> dividend did TEL pay last year.  One broker told me is about 20 cps.  One
> web site I visited was showing nearly 50 cps.  So who was right??
>
> Many thanks!!
>
> Regards,
>
> David
>
>
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