I usually associate ‘growth’ in terms of what extra one can grow over and above organic growth.
The new money is to roll out a nationwide digital radio network and significantly improve its Wellington CBD fibre network.
To me that’s spending on infrastructure to stay in the game ....without that spend well what would be they have in 2020.
Maybe there is some real growth elements in their strategy so i’ll forgive for saying growth.
But touting growth seems to be at odds of going to shareholders for cash and then saying they’ll give some back by way of dividend ...instead of funding growth out of earnings
Never mind
But last page of the press says TTK is @ SCREAMING BUY on the stated multiples
http://nzx-prod-s7fsd7f98s.s3-websit...624/288985.pdf