Telstra

Proceeds from the NBN arrangements are about to start filling Telstra’s coffers, but any capital management initiatives remain years away. Telstra expects to produce a capital surplus of $500m-$1bn this financial year, which will grow to between $2bn and $3bn by 2014. By then the company should have enough franking credits to consider paying a fully franked special dividend, which is the company’s preferred capital management option. A share buyback was ruled out in the interim due to the paltry size of the surplus. But there are several other impediments to consider. First, management is conscious of taking on...

Proceeds from the NBN arrangements are about to start filling Telstra’s coffers, but any capital management initiatives remain years away. Telstra expects to produce a capital surplus of $500m-$1bn this financial year, which will grow to between $2bn and $3bn by 2014. By then the company should have enough franking credits to consider paying a fully franked special dividend, which is the company’s preferred capital management option. A share buyback was ruled out in the interim due to the paltry size of the surplus.

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Email is required.
Email must be a valid email.
Password is required.
First name is required.
Last name is required.
Mobile phone number is required.
You must accept the terms and conditions.

OR

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

You have entered an incorrect email or password

Email is required.
Email must be a valid email.
Password is required.

Please untick this box when using a public or shared device


OR

Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
Discount -{{productDiscount}}
GST {{productGST}}
TOTAL   (inc. GST) {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Login or to reset your password, select Forgotten password

You have entered an incorrect email or password

Email is required.
Email must be a valid email.
Password is required.

Please untick this box when using a public or shared device


OR

Related Articles