In line with my previous post, I'm optimistic the Government's review of the Telco Act will trump ComCom's regulated pricing regime. However, there is a risk it won't and a smaller risk that it does but it is worse than ComCom's regulated pricing!
This is now an excellent income purchase. However, if you are looking for capital growth, I can think of several better options. These regulated companies are a different kettle of fish. What you think would be better-than-bank-account yields with capital preservation turn into huge regulatory risks with capital deterioration! (Not that I blame ComCom. I think they have a very tough job to do).
Before any new shareholders go long in CNU, make sure you're satisfied you can tolerate these regulatory risks.