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24-01-2015, 12:32 PM
#271
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??
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24-01-2015, 12:39 PM
#272
Member
Originally Posted by 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??
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.
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24-01-2015, 02:01 PM
#273
Originally Posted by Chaowee88
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.!
Last edited by percy; 24-01-2015 at 02:07 PM.
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24-01-2015, 02:38 PM
#274
Percy, how long has Roger Sowry been involved with TTK?
Politicians on the Board always a good sign
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24-01-2015, 02:51 PM
#275
Originally Posted by winner69
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.
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24-01-2015, 02:59 PM
#276
Originally Posted by percy
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
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24-01-2015, 03:15 PM
#277
Member
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.
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24-01-2015, 03:16 PM
#278
Originally Posted by winner69
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.
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24-01-2015, 03:17 PM
#279
Member
I have shares in teamtalk . I will be voting against Sowry if he stands.
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24-01-2015, 03:35 PM
#280
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
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