Has anyone got EY's final report? The link to the report at NBR site does not work.
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Has anyone got EY's final report? The link to the report at NBR site does not work.
Worked for me
http://chriskeall.files.wordpress.co...rus_report.pdf
Looks pretty long and detailed
I expect you to red it thoroughly and report back in an unemotional balanced way by 8am tomorrow.
While you do that we do more fun things
Try
http://chriskeall.files.wordpress.co...rus_report.pdf
... works for me.
BlackPeter looks keena s well .... we expect your unemotional balanced report back by 8am tomorrow as well
So the EY report recommends slashing dividend payouts by $290 million, yep that works out at 3 yrs without a dividend and a much lower dividend after that one would think, crack open another Tua boys
I think they should go Nuclear. They only have to provide dial up speed at the regulated price - that will shut up the copper tax supporters.
I can't see anything in this report that's going to advance the share price, it will depend on the outcome of discussions between CNU and CFH, dividend guidance for the next few years and ultimately the result of the FPP exercise plus any possible wildcard the Govt may be able to play but unlikely to get away with, if the Govt showed the same Grit and Determination here that its showing toward completing its asset sales programme we wouldn't be where we are now, everything still as uncertain and possibly more ammo for the splinter groups to use now to make sure Chorus uses every cent of its own money before getting any form of assistance
What would be the consequences of going nuclear? Are you suggesting that all users on UBA would accept having their broadband downgraded accordingly (ignoring those still on dial-up, cable or UCLL(unbundled))? They wouldn't look at alternatives? What are the alternatives? Might it be that there is a massive move away from UBA to UCLL with broadband competitors installing their own hardware in the exchanges/cabinets (or whereever) to get decent speeds for customers? Consequence could be that Chorus would lose all of their UBA revenue ie. $280m pa. not just the $140m pa. they're complaining about? And all of the hardware they installed to provide the 1.1m UBA connections would be dumped? Presumably that would be worth/cost $1b?
If the UBA business is as bad as Chorus suggest they should either be writing it down in their accounts, or looking to sell it. There are a number of broadband providers, they would probably be interested in the business, and we'd find out what the market values a UBA connection at. Hey presto, no need for CommComm to regulate it.
It would be interesting to see what value other parties put on the Chorus UBA business. EBITDA for the next 12mths of $300m, and $140m pa after that for seven years, with some business after that. No need to worry about losing business to UFB as Chorus have stated the impact on them will be a loss of revenue of $1b over seven years ie. $140m pa., so they don't think they're losing any business/customers to UFB.
I don't have any sympathy for Chorus. I might have had some sympathy for them if they appeared to have half a brain, perhaps they did once upon a time, but they obviously misplaced it when they had their head buried in the sand. Seems like that moaning BNY Mellon fund manager lost his brain in the same way. How anyone could've thought that changes weren't going to happen is beyond me.