"They clearly could have managed this transition better from a capital management perspective..."
- an Australian investment manager, referring to Telstra drastically cutting its dividend.
A sort of Captain Obvious comment. Telstra has been paying out 100% of profits as dividends for some time. In face of declining revenues and increased technology spend, the party had to come to an end.
W&D fees sorry for retail investors who were suckered into buying Telstra stock on the basis of broker comments about the sustainability of its massive dividend.
First Samuel client events calendar
Chief Investment Officer Dinners
|Tue-12-Sep||Frasers, Perth||Invitations sent|
|Wed-11-Oct||Donovans, StKilda||Lunch or dinner|
|Wed-22-Nov||Donovans, StKilda||Lunch or dinner|
|Wed-29-Nov||Bottega, Melbourne CBD|
|Tue-24-Oct||Stillwater at Crittenden Estate|
Some lightly salted absurdities from all over...
At the extreme left-hand end of the Bell Curve
A Dallas mother questioned why an American solar eclipse event (upcoming Mon-21-Aug, the first since 1979) could not be held in the school holidays.
The event in question was the Solar Eclipse Party hosted by the Perot Museum of Nature and Science in Dallas, scheduled for 21 August when the sun will completely disappear behind the moon.
(International Business Times)
So, err, move the solar eclipse?
Guess the outcome
A recent survey of Americans asked respondents to correctly identify North Korea on a map. The response was that:
a. 100% of respondents knew where North Korea was;
b. 86% identified somewhere in North Asia;
c. 72% not only identified North Korea but also said its capital was Pyongyang; or
d. Just 36% knew where North Korea was.
Close. But no cigar. The correct answer is d.
Below is the actual map of respondents' guesses. Gotta love the dot in the middle of the Indian Ocean.
Only in America
In the wake of the death of a woman in a white supremacist march, anti-white supremacist protesters in Atlanta vandalised a statue during a vigil.
Oops. The statue is actually a peace monument, commissioned in 1911 to symbolize efforts of reconciliation between the North and South after the Civil War. And has nothing to do with glorifying the confederacy.
Have a wry and dry weekend