TEL v TLS

[Gryffyn]

11/02/05

Shr Open Clse Divds Diff. Cumulative
------------------------------------
TEL 6.35 6.33 00.00 -0.02 +0.15
TLS 5.79 5.83 00.00 +0.04 +0.48

[Lawso]

A chart showing the comparable movement of the two share prices would be interesting. Anyone?

[Phaedrus]

Lawso,
Would you like TLS to be in $NZ or $Au?

[Gryffyn]

$NZ please

[Lawso]

Yes thanks, Ph. That would be brilliant. How far back? 2-3yrs? Up to you.

[Phaedrus]

Relative performance of TEL vs TLS, with TLS as per NZ price. The chart plots the percentage increase, calculated over the charted period, with both stocks starting at zero.

[Lawso]

Thanks a lot, Phaedrus. Very Interesting.
I hold both but more heavily weighted into TEL and thinking I might redress the balance to some degree as we may see some action in TLS this year.

Lawso big increase in yield this year for TLS but I don't think they will sustain this dividend yield, into next years.

[fish]

Very positive article in todays sunday star about tel
-many believe the dividend payments will be increased this year
-southern cross cable could resume dividends
- trade sale of APPT possible
-investment portfolio(inc INL )could be worth over 1.5 billion .
-Successfully fighting back in mobile market
-Reaching its targets in broadband
Lots of promise !
Not much downside

[Gryffyn]

14/02/05

Shr Open Clse Divds Diff. Cumulative
------------------------------------
TEL 6.33 6.42 00.00 +0.09 +0.24
TLS 5.83 5.77 00.00 -0.06 +0.42