VTL - Vital Telecommunications (formerly Team Talk)

[percy]

From the announcement;
"We have discussed this with Westpac,and given that TTK's existing facility matures in December,we will,as planned,refinance for a new term prior to June 30."
Interesting.Perhaps opportunistically so????
By June the bank may think shareholders should repay their dividends,by supporting a capital raising??

[Chaowee88]

From the announcement;
"We have discussed this with Westpac,and given that TTK's existing facility matures in December,we will,as planned,refinance for a new term prior to June 30."
Interesting.Perhaps opportunistically so????
By June the bank may think shareholders should repay their dividends,by supporting a capital raising??

If anyone holding this still think it well managed think again, any company with 35 million in debt and with near nil earnings issuing a 4 cent divie need to think again. Especially when they know their recent farm side acquisition was a mess, they really need to get they're act together.

[percy]

If anyone holding this still think it well managed think again, any company with 35 million in debt and with near nil earnings issuing a 4 cent divie need to think again. Especially when they know their recent farm side acquisition was a mess, they really need to get they're act together.

I 100% agree.
Paying any dividend would not be wise in my opinion.
Stabilising the business and reducing debt should be their priority.
Another case of a business not doing what they said they would do.Underachievers.!

[winner69]

Percy, how long has Roger Sowry been involved with TTK?

Politicians on the Board always a good sign

[percy]

Percy, how long has Roger Sowry been involved with TTK?

Politicians on the Board always a good sign

Joined TTK board 23/02/2012,after being on City Link's board.From memory TTK took over City Link.
Yes politicians joining the board is always a good sell signal.

[winner69]

Joined TTK board 23/02/2012,after being on City Link's board.From memory TTK took over City Link.
Yes politicians joining the board is always a good sell signal.

Esp when they become Chairman eh

[horus1]

I couldn't agree more. They should be reducing the debt, forgoing dividend and putting a straight commercial person with communications expertise in as chairman, nor a PR /politician.

[percy]

Esp when they become Chairman eh

Yes you are on to me.
I am certainly looking forward to voting against one Dame Chair, when she stands for re election.!!!
What I consider one of the pleasures of being a shareholder. lol.

[horus1]

I have shares in teamtalk . I will be voting against Sowry if he stands.

[winner69]

Doesn't seem to be any decent sized shareholders ....is there any who might be get grumpy with how things going

Maybe Birman is one of the bigger ones