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Re: [sharechat] TEL ratios


From: "Stephen Lukey" <slukey@paradise.net.nz>
Date: Mon, 28 May 2001 19:10:00 +1200


Hi
 
Since Telecom are now paying only half their earnings in dividends, your formula will be misleading. I think you need to substitute "earnings" for "dividends" in your formula.
 
Cheers
Steve

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