Telstra strike could hit this weekend

Telstra's main union has signalled that this weekend could see further industrial action dog the telco if enough employees have come back from their Christmas break.

(Credit: On Strike by Seth Anderson, CC2.0)

Communications, Electrical and Plumbing Union national president Ed Husic told ZDNet.com.au today that the union was currently working out how many people were back on the job, to see whether it made sense to start action again this weekend with overtime bans.

The strike, which began last month in the hope of achieving a new union-negotiated employment agreement, had involved bans on overtime and callbacks as well as 24- and 48-hour stoppages. However, the union did not continue the action into the Christmas period, with Husic saying that it would have adversely affected Australian families who were trying to reach each other over the holiday.

"There was no way that we'd take industrial action which has an effect on how people keep in contact with each other," Husic said. "I don't see it as a step down, it's just an expression on the time of year."

The coming weeks will see the action ramp up again, he said, although no definite plans had been made as yet. The union would make an announcement in the next 24 hours as to new action, he said.

The action taken before the holiday had already had an effect on Telstra's business processes, Husic believed, adding a week to the company's fault repair schedule. As yet, there has been no word from Telstra, he said.

Telstra was unable to provide comment at the time of publication.

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Talkback 63 comments

    Catch 22 Mel Sommersberg -- 06/01/09

    On one hand we have workers putting their hands out for an across-the-board payrise where improvements to efficiency have not been discussed - though I concede that there can not be a serious approach to the toucy subject of efficiency when collective bargaining takes place. On the other hand we have Telstra who makes fat profits each year and pay higher dividends to shareholders than most other companies and can also seem to find the money to pay megadollar salaries to the Amigos. I'm not exactly pro-union so in this rare instance I am on Telstra's side as far as this pay dispute goes but they could certainly have handled things a lot better. Then again, if the workers get too greedy it will just be throwing petrol on the campfire - it will give Sol another excuse for extra rounds of retrenchments.

    Catch 22 Sydney Mike -- 06/01/09 (in reply to #320120415)

    I must say, I am more than amazed at the tone of your comment here. Not nearly as anti-Telstra as usual Mel. What gives ? Did you buy some Telstra shares pre Xmas ?

    Catch 22 Mel Sommersberg -- 06/01/09 (in reply to #320120418)

    No and I am sure that your mate Sydney Lawrence will attest to the fact that this is the same stance I've had on this issue for a long time. Unions are responsible for a fair amount of this country's economic and social problems. There would have to be a very good reason for me to support their cause. It doesn't change my general opinion that Telstra doesn't rate highly as an ISP but that is beside the point.

    Catch 22 Sydney Mike -- 07/01/09 (in reply to #320120424)

    Fair call Mel ! But I still do not understand why you rate Telstra so lowly ? You appear to expect so much more from them, yet like that whinger Joe (who actually works for them), you sound like you would like to see Telstra suffer, and also begrudge the shareholders who invested in them at the Governments recommendation in the first place, the right to make a reasonable return on their investments. Remember that a lot of these shareholders are (and I really hate this expression) Mums and Dads of Australia.

    Clarification Mel Sommersberg -- 07/01/09 (in reply to #320120450)

    I don't want any company to go belly-up. When that happens people lose their jobs and shareholders are left out of pocket. However why should I use Telstra when their products don't represent the best value for money? What I don't understand is why people like you expect this. Do you pay more for less when you don't have to? If not then why should I?

    I actually hope I live long enough to see the day when Telstra once again offers a good product at what many see as a fair price.

    At the moment everyone is at the mercy of Telstra with regard to line rental costs. I have two phone lines and pay $27.00 per month for them. I make three or four calls per quarter on one line and that's it. My only other reason for having the lines is so that I can connect both my DSL services. Some may then say why don't I try naked lines. My answer to that is because I'd still be paying $20.00 a month and then at least $5.00 to run VOIP on one of the lines. Saving == $2.00 per month. If the saving was $20.00 or $30.00 it would be worth changing.

    It is good business sense for Telstra to charge whatever they like, as they own the only phone network this country has. When we finally know who the winning bidder for the FTTN network is and assuming it is not Telstra, we will finally have competing networks for the first time and this will bring prices down or at least hold them steady for many years to come. If we can't have competing networks then the only solution to the inflated prices we pay for services I can see is for the Commonwealth to buy out Telstra and every other communications company, merge the lot into a Government utility like we had 20 years ago and then go back to charging for a service - though I am sure that this is not going to happen, particularly with current political and bureaucratic attitudes to governments owning and running businesses.

    @ Clarification ~ what the? Anonymous -- 07/01/09 (in reply to #320120454)

    So you're an anti union capitalist who promotes communism?

    Clarification Sydney Mike -- 09/01/09 (in reply to #320120454)

    Mel, I am a Telstra shareholder, but I use Optus as my service provider. Why, because they give me a better deal money wise, which is what you and every other non Telstra customer has the right to do. The service I get from Optus is OK, but from others I know who use Telstra, they reckon Telstra's service is better. So you and anyone else that wants to have the services on offer from providers other than Telsra, have the right to choose just as I have. But I don't think it is right to bag Telstra the way some people do, especially that guy Joe, who actually works for Telstra. I think his attitude towards his employer is an absolute disgrace, and I would sack him immediately if I was his manager at Telstra, for the way he continually whinges about them. I think he should be more than thankful, that Telstra have employed him, and should keep his hatred of Telstra to himself. If not, then go find a job elsewhere, hopefully in Mumbai perhaps !!!

    @clarification????? Anonymous -- 09/01/09 (in reply to #320120625)

    You're a shareholder of Telstra but a customer of Optus? Now that's loyalty and patriotism, haha.

    But yet you are here all the time telling us how great Telstra is - huh?????

    Next you'll tell us Telstra must build the NBN because all the profits Optus would make will go overseas and not stay here in Australia, haha.

    Oh dear that admission has really dented your argument and credibility SM.

    @clarification????? Syendey Mike -- 11/01/09 (in reply to #320120628)

    As I said previously, I use Optus because they are cheaper, but that does not preclude me from being a Telstra shareholder, you f.....wit ! If I happen to be a Woolworths shareholder, does that mean I have to buy only Woolworths products ? If I happen to find a better deal on exactly what I want elsewhere, I have the choice to do so. But it would appear that your feeble mind cannot comprehend that !

    oh sydney mike... joe -- 11/01/09 (in reply to #320120747)

    I quit, along with 3 others at the same time as me, over telstra's new 'revised' incentive plans, I have since had a call asking if i would like to come back, so i couldnt of been that bad surely??

    lol, and i find your mumbai comment somewhat accidentally insightful, considering thats where telstra is moving all its call centres perhaps i should get a job there if i were to stay with telstra >.<

    Poor old dumb***k Sydney Mike. Jason -- 11/01/09 (in reply to #320120747)

    Well stop carrying on about how great Telstra is then, dumb***k. Even you a part owner of Telstra has no confidence in them and refuses to use them, which proves they are like you ***ked.

    BTW if you were a Woolworths shareholder you'd be much better off, than being the dumb***k loser Telstra shareholder you are now.

    @Poor old dumb***k Sydney Mike. Sydney Mike -- 16/01/09 (in reply to #320120755)

    You just don't get it do you. Are you telling me, that if I am a Qantas shareholder, I cannot fly with another airline, if they have better pricing ? It is called choice of product, and value for money for the specific use required, you knucklehead !!!

    At least you agree looking at your subject! Poor old dumb***k Sydney Mike. Jason -- 16/01/09 (in reply to #320121136)

    Of course you can use any company for anything you wish, dumb***k, that's entirely up to you. But being the dumb***k that you are, you miss the point.

    Do you know what a shareholder is? A shareholder is a part owner of the company.

    So you being a Telstra shareholder (poor fool) or part owner of Telstra, but using arch enemy Optus, is like having your own Mechanical business, but taking your car to your main rival Joe (no pun intended) the Mechanic next door and paying him to fix it, dumb***k. Does this compute?

    So please don't complain about profits going overseas when you are actively donating your money thus.

    @At least you agree looking at your subject! Poor old dumb***k Sydney Mike. Sydney Mike -- 20/01/09 (in reply to #320121139)

    Jason, the only thing that computed with me on your comment, was the fact that you are obviously a sandwich short of a picnic. Get a life, and post something that spells out plainly and clearly, why you have such a bitter and twisted resentment towardsTelstra shareholders (not the Telstra Board) and that you have even a slight amount of intelligence !

    Sydney Mike Al from Sydney -- 17/01/09 (in reply to #320121136)

    Sydney Mike, Jason makes a very valid point, although nastily. But I can see why, looking at the way you responded to he and Mr Woolies.

    So without wishing to be added to your list and called a knucklehead or a brain dead idiot, rather than aimlessly aggressing Jason, Mr Woolies or me, why not instead just consider what is being mentioned?

    We are always being told about the 1.6 million mum and dad Telstra shareholders, who do own Telstra. But if all 1.6 million of these Telstra shareholders were like you, Optus bb customers, on an average monthly bb bill of $50, that would be $600 per year, per person x 1.6 million. That's $960 million not only lost to *your company* Telstra, but going to *your company's main rival Optus*.

    You also seem to have taken a disliking to Joe, and while I do agree it's not nice to bag one's employer, he obviously feels it deserved and has a right to do so. But in my eyes what Joe is doing is no worse than what you are doing. Both of you have turned on *your company*.

    Perhaps what you are doing is even worse. Coming here to defend Telstra and criticise anyone who says a bad word about them, like Joe, when you are actually an Optus customer and not suppporting Telstra yourself. Remember Joe is just saying words, sticks & stones if you will, but you are financially holding back your own company, while also helping your rival to grow.

    Food for thought from me, an obvious knucklehead.

    @Sydney Mike Sydney Mike -- 17/01/09 (in reply to #320121175)

    Al, my business mobiles are with Telstra. I consider that part of their service to be good value for money, and better all round compared to others (for my particular use) But I don't work for Telstra, and I don't bag bag Telstra which is what Joe was doing. I have shares in many other companies, but do not necessarily use their products, if better value is on offer for my particular needs elsewhere. We all have the right to chose where we shop, and so do you. So if that make me worse than Joe, then I am stunned. Are you telling me, that if you are a Woolworths, Qantas, QBE, AMP, Tabcorp or God knows who else's shareholder, that you will only use there products. If so, then yes, I do believe you are a knucklehead

    It's now unanimous. Al from Sydney -- 17/01/09 (in reply to #320121176)

    Ok, don't take any notice, you know best.

    But it's no wonder decent adult correspondence cannot occur with you, and why you are drawn to so many little running battles, because of your *play the man not the ball mentality*.

    So I hope Optus enjoys your money, as it could well be used to help build the NBN your wonderful Telstra should be building. No wonder your shares have plummeted.

    Although I don't like name calling or jumping on the bandwagon, I have come to the conclusion and must agree unanimously with Mr Woolies and Jason, you are a nothing more than a dumb***k. But a childish and vindictive, dumb***k.

    Grow up or better still wake up.

    @It's now unanimous Sydney Mike -- 20/01/09 (in reply to #320121178)

    You know Al, I was about to agree with you on the decent adult correspondence comment , but then you threw in the dumb***k bit, and I realized that you were just another Joe and Jason after all. You still don't get it do you - I DO USE TELSTRA - for the more reliable services they supply that I need, but for some of the not so necessary, I use the cheaper Optus one. I do not believe that the crumbs I throw Optus will mean diddley squat to their balance sheet, so at the end of the day mate, I think you are the one that needs to wake up, and get a life !!!

    uhh S.mike joe -- 20/01/09 (in reply to #320121298)

    I never said dont use telstra products, if you travel into woop woop, then yeah they do get better coverage, If you want foxtel on your mobile,you'll get it from tesltra, i think they rip off their customers wanting those services as telstra knows there the only one,

    Could you stop lumping me in with everyone else you hate there s mike, its annoying, I'm not anti telstra, im anti telstra middle management and above/ their coporate attitude,

    @@its now unanimous Al -- 20/01/09 (in reply to #320121298)

    Sydney Mike, I was simply putting forward my point of view, when you mentioned that because I disagreed with you, you believed I was a knucklehead. So don't now complain when it is you who changes the tone of the thread from decent to adolescent and plays the man not the ball.

    After doing so, me and others simply realise there's no point in trying to be civil towards you and give you back some of your own medicine, knucklehead, sorry, dumb***k.

    But I'll say it again. They may well be crumbs you are throwing Optus, but if each and every one of the 1.6 million mum and dad Telstra shareholders, also threw their crumbs at Optus, you'd find that with all those crumbs combined, Optus could soon make millions and millions of loaves.

    @@its now unanimous Sydney Mike -- 21/01/09 (in reply to #320121324)

    Al, you have been reading too many bible stories. Obviously the story of the "loaves and fishes on the mountain", have gone to your head. I will keep throwing my crumbs at Optus, unless of course, I see a better deal elsewhere (which I hope is Telstra) and if not I will use whoever I damned well like. Tell me Al, do you have any shares with any company, and if so do you use their product exclusively, no matter what the price is. Come on mate, stun me with your wisdom !

    unions? Simon -- 07/01/09 (in reply to #320120424)

    "Unions are responsible for a fair amount of this country's economic and social problems" -given that there hasn't been an effective union in Oz for the past 15 years, what do you base this idiotic comment upon?
    Maybe its because unions gave you annual leave, paid leave, sick leave, work safety, 40 hr week, superannuation that you resent them? Or are you confusing the very small minority of militant unions with the mainstream union movement?
    This country's economic problems have been caused by short sighted, greedy free market , captalists and their political puppets.

    Unions Mel Sommersberg -- 07/01/09 (in reply to #320120462)

    "given that there hasn't been an effective union in Oz for the past 15 years, what do you base this idiotic comment upon?"

    The fact that what I listed didn't necessarily happen yesterday. The most recent significant union activity happened much sooner than 15 years too, or are you forgetting the waterfront dispute that went on for months?

    I am not saying that a 40 hour week or superannuation are bad things but they do cost money and that is why Australian companies don't make anything at home anymore, which in turn has cost job opportunities and the nation's skill base that I mentioned in another recent thread here relating to research and development.

    Waterfront? Anonymous -- 07/01/09 (in reply to #320120471)

    I remember the waterfront dispute.

    Howard and Reith sent in hooded thugs to use violence and throw out their 'fellow Australians', then prevent them back in. Then they had the hide to slap each other on the back, laugh and carry on, in parliament about it. Do you condone such things?

    Also your non union buddies keep telling us all 'how much more money they all make by not being in a union'.

    So as I have said before, it is they who must be pricing themselves out of a job. So they shouldn't come crying when their job is sent abroad.

    Waterfront pt2 Anonymous -- 07/01/09 (in reply to #320120473)

    Wasn't Telstra's Donald McGauchie also involved with Howard and Reith in the waterfornt dispute?

    Some sort of clandestine middle eastern training for these hooded thugs?

    Blah Mel Sommersberg -- 20/01/09 (in reply to #320120474)

    The hooded thugs were those who set up the barbeques on the picket lines. All government officials, police and Patricks security officers were behind the chainwire fence. The thugs were the ones stuffing their faces with steak sandwiches and then spitting at the police and what union nutters call scab labour.

    The Labor Party is now in power and looney leftie Heiress Gillard is trying to return the workplace to the days where wharfies can sit in lunchrooms bludging and playing snooker on the boss' time for $75,000.00 (yesterday's dollars)

    Under Labor, the workplace has become clandestine again. Depending on unions to bail you out of hot water when things turn sour is so 1940s

    lol joe -- 20/01/09 (in reply to #320121299)

    I was actually considering bringing a bbq down with me should a strike ever of happened at the Perth centre >.< I certainly wouldnt of supported them spitting and swearing at police / other people though, thats a little uncalled for, and what Gillard/Rudd are trying to do is return the workplace back to a state where in 20 years time the minimum wage for the lower class has actually kept up inflation instead of following the american model of Yay AWA (by which i mean their equivalent), we make more money, for like the 1st 2 years, then with workers been nothing more than a commodity, a commodity that has to be sold if they want food... the business's would be in a ridicously strong bargaining posistion against the lower class worker

    @blah Anonymous -- 20/01/09 (in reply to #320121316)

    Spoken like a true *extreme right wing ideologist*, Mel Sommersberg.

    Fancy that blue collar scum, having a BBQ. They weren't actually consuming *steak*, when they should only be eating cake, or better still bread and water, or even better still, nothing at all, were they? They didn't vote Liberal, so they (spouses and kids) deserve to starve, don't they.

    I'm sure the lads down at the country club sipping cognac and smoking Cubans (how ironic) would agree and wouldn't be too chuffed to hear about a cook out, now, would they old chap?

    No mention from you of the despicable Howard government, in cohorts with likeminded Telstra's McGauchie, arranging clandestine guerrilla/terrorist training for these hooded security guards in overseas camps, to use on their own citizens. What a despicable thing for any government or business leader to do.

    You are obviously someone who has never had to fight for pay and conditions, because the unions and previous generations have done it all for you. One who thinks a hard day's work involves manoeuvring the mouse and sitting on his bum all day, writing continual propagandist, fascist nonsense into ZDNet.

    So what else could you expect from such a person?

    From a Telstra Worker.. Anonymous -- 06/01/09

    Oh that's great. "If enough staff return after Christmas". What planet are they on? What about the workers who kept on working through Christmas repairing customer services on Christmas Day, Boxing Day, the following weekend and further, no break for them either. Sure the overtime rate is the same for Boxing Day, the following Saturday and even a normal weekday, but even though people in the corporate offices get a 10-20% payrise, those on contracts get incentive payments - the rest of the workers haven't seen and are unlikely to see another payrise in at least 12 months or more.

    Bet alot of the ones with a pay rise didn't work on Christmas day and got leave over the Christmas period too.

    For those on Telstra's side - you obviously don't have the full picture. For the unions - great stuff, put things off over Christmas so you get a break too.... Thanks a lot.

    @From a Telstra worker Anonymous -- 07/01/09 (in reply to #320120422)

    Why would the union organise a strike over xmas and jeopardise a lot their members public holiday and/or OT payments? Could you imagine the flack they would cop. Seems they are damned if they do and damned if they dont?

    Perhaps it's time to realise, you aren't the only person who works at Telstra.

    @From a ex-Telstra worker Anonymous -- 07/01/09 (in reply to #320120485)

    Perhaps its time for you to realise you are in a minority view - Anonymous - 07/01/09. Not that there is anything wrong with that.

    @@From an ex Anonymous -- 07/01/09 (in reply to #320120491)

    Perhaps it's time for you to learn better than kindy English. Not that there's anything wrong with that, a(n) ex-Telstra worker

    @From aN ex-Telstra worker Anonymous -- 08/01/09 (in reply to #320120493)

    Noted. Any other comments of relevance?

    A ex-Telstra worker Anonymous -- 08/01/09 (in reply to #320120566)

    No that'll do for now, I don't want to overload your feeble little mind with too much adult info, A ex-Telstra worker. Let's just let that sink in, for a few years.

    @ A An Ex Telstra Worker Anonymous -- 09/01/09 (in reply to #320120573)

    I note you didn't write anything of relevance. Best wishes.

    I support the unions on this 1 joe -- 06/01/09

    Point 1. The ECA is a decent deal, I'm not going to argue with that, its not a payrise as such, but it keeps pace with inflation as long as staff meet performance targets...
    Point 2. Telstras a sneaky rat of a company... they've just reviewed their 'performance' targets, the 1's to be reached for incentives, their bare minimum before losing job is the same, so no1's out of a job they just wont see most of the payrise they signed up for on the ECA...

    Go the union, Get your workers a payrise that doesnt depend on conditions telstra can change!

    Steady as you go Australia, rough times ahead. Sydney Lawrence -- 07/01/09

    Mel have to acknowledge your consistency and basic line of logic on subject issues over the past months. Am trying to establish when Australia will see the first manifestations of the world financial horror and I expect that some indication will present soon in the form of increased unemployment.

    Incidentally Mal, do not phone me when I join the Queen Mary 2 at Fort Lauderdale (13/1/09) as the Cunard charges are $9 per minute. Will keep in touch via the excellent Telstra Next G Network.

    Over the bounding waves Mel Sommersberg -- 07/01/09 (in reply to #320120440)

    Enjoy your cruise Sydney :-)

    Queen Mary Anonymous -- 07/01/09

    I assume, Sydney, that the performance of your Telstra shares is not paying for your cruise?

    Queen Mary Anonymous -- 07/01/09 (in reply to #320120443)

    Maybe not, but his dividends have not dropped over recent times, like so many others have. So what's your point, or are you simply being stupidly envious.

    @Queen Mary Anonymous -- 07/01/09 (in reply to #320120451)

    Here's a quick comparison between 2 of the biggies.

    Telstra $3.30 per share in 97 and $3.76 today.

    Woolworths $3.00 in 97 - $25.62 today.

    Yes but what about the dividend?

    Woolworths last was 48c fully franked. Telstra 14c.

    @Queen Mary Sydney Mike -- 08/01/09 (in reply to #320120472)

    And I'll bet you don't believe that Woolworths (along with Coles) have been blatantly ripping off the Australian public at the petrol pumps, for God knows how long. Don't tell me that Woolworths are any less money hungry than Telstra.

    @Queen Mary Anonymous -- 08/01/09 (in reply to #320120472)

    At more than $ 20 per share, I would expect to be getting a 48c dividend, especially when I see how much they were charging for petrol over the pas 12 months !!!

    @@Queen Mary Anonymous -- 09/01/09 (in reply to #320120540)

    I think I would be a lot happier to pay $ 3.76 per share for a 14c dividend, than $ 25.72 for a 48c dividend. But I don't have the money to buy either, so it really doesn't matter. However, as someone noted in an earlier post, Woolworths to me with their petrol prices over the 12 months, do not appear any less greedy to me, than Telstra does.

    Share price Davo -- 09/01/09 (in reply to #320120629)

    I would much rather have bought Woolies in 97 and be 680% better off than the poor sods who bought into Telstra.

    @Share price Anonymous -- 09/01/09 (in reply to #320120632)

    Maybe so Davo, but I'll bet London to a brick on, that you would not have had the guts to hang on for a 680% increase, hence dipping out on future dividends anyway.

    @@Share price Anonymous -- 10/01/09 (in reply to #320120648)

    Yeah Davo, I bet London to a brick that you sold out at a mere 440% profit, which was only 40 times more profittable than Telstra, rofl.

    Dividend yield versus growth. Anonymous -- 09/01/09 (in reply to #320120629)

    Come on at least give us the vague impression that you are separate people commenting.

    But you talk of evey comment being turned into a Telstra bashing session. Well you are the one(s) that did that this time, not me. I never mentioned Telstra (or Woolworths) greed, monopoly or anything for you to take offence to. I didn't say one nasty word about Telstra. All I did was a simple mathematical comparison between Telstra and Woolworths 'share price growth' over the last 11 years, nothing more. You are either jumping the gun, or my comparisons, showing your Telstra loses verses what could have been huge Woolworths gains, has really hit home?

    But since you wish to push the point, let's further evaluate.

    Yes agreed, without taking anything else into consideration, I'd rather pay $3.76 and get 14c dividend 'NOW', than pay $25.72 for 48c who wouldn't?

    But in the late 90's, when Woolies were $3 - $4 they were paying between 8c - 10c dividend and Telstra were paying 7c - 10c, for a similarly priced stock.

    But while you play games with the current share prices and dividend figures, you conveniently ignore my point. That is while Telstra's dividend yield is still good, it has to be to make up for it's lack of growth, as the dividend payment is mere cents in comparison to the growth value of Woolworths share price.

    Let me explain by asking you. In 1997, would you have been better to have bought 100,000 Woolworths shares each at $3 (so a cost of $300K) and now seen it's 'growth' reach a cool $2.6m? Or better to have bought 100,00 Telstra shares each at $3.30 (so a cost of $330k) and now be sitting on just $369K?

    At $3.00 in 1997 and $26.02 (up another 40c on a negative trading day) yesterday, Woolworths have shown themselves to be a fantastic investment (+ 767%, or + 69.5% p.a. averaged over 11 years), surely you'd have to agree. Whereas Telstra at $3.30 in 1997, down 7c yesterday to $3.69 (+11.5% or averaged just over 1%p.a, over 11 years) as far as growth is concerned, overall Telstra has been an abysmal investment, for such a blue chip company.

    An abysmal investment apart from those who grabbed the dividends, then sold out, either in the sharemarkets technological hey day, prior to the dot com meltdown, where even T2 was up. Or sold T3 shares prior to the $1.60 final tranche. Admittedly those who bought T3 at $2.00 and sold them at their peak of $3.50, obviously also did very well over a short period. But let's not mention T2 again.

    Argue if you wish but the figures don't lie.

    Woolies - $300k investment up 767% to $2.6m in 11 years. Don't forget the 7c - 48c dividend also paid between '97 and now, too.

    Telstra - $330k investment (an upfront cost of $30k more than Woolies) up just 11% to $369K in 11 years. With a 7c - 14c dividend.

    So, without doing anymore figures, I would 'guess' (and it is just a guess) that if you did a similar comparison between Telstra and the other Top 10 Australian companies 'growth wise', you'd find Telstra's share price would come near, if not 10th, even following the banking crisis.

    Again this has nothing to do with me accusing Telstra of anything, it's simply figures. So you keep telling us and clinging to that 14c didvidend and one day your piggy bank will be half full.

    # # Dividend yield versus growth. Anonymous -- 09/01/09 (in reply to #320120635)

    Wow, you are a genius. You are telling us that you would have sunk $300K into Woolies way back when, and would be still hanging on to them today - Yeah, I'll bet you would ???

    @## Anonymous -- 09/01/09 (in reply to #320120650)

    Wow you *aren't* a genius. You are telling us that you sunk $740k into 100,000 T2 shares back when, which are now only worth $372k and you are still hanging onto them today for the 14c dividend, rofl - yeah I bet you are, brainiac!!!

    @## Anonymous -- 09/01/09 (in reply to #320120666)

    Who said anything about sinking $ 740k into T2, you brain dead idiot. I'll give you one thing though, you are stupidly amusing. Go back to your calculator, and your wishful thinking, cos one thing is for sure, you certainly don't invest in the share market, you simply wish you did. Get a life !

    Haha, the truth hurts Anonymous -- 09/01/09 (in reply to #320120667)

    Haha, seems the truth hurts.

    You do a basic mathematic comparison and instead of saying yeah, that's right, some who have invested in Telstra, instead take it personally and get all upset over their loses, priceless.

    Yes one of us is a brain dead idiot, the one who is many $1000 down on his Telstra shares.

    That'd be you, haha. Enjoy your dividend, Rivkin.

    @Haha, the truth hurts Anonymous -- 10/01/09 (in reply to #320120673)

    Nothing hurts at all, except the pain I get from laughing so long and loud at ridiculous comments such as yours, realising that simpletons like you still walk the planet. Go back to your cave, you cretin, or at the very least come up with some intelligent, readworthy posts ! We all know how to do hypothetical and mathematical comparisons of what might have happened on the stock market from time to time. You wouldn't even own a share, I'll bet !

    @@ haha Anonymous -- 10/01/09 (in reply to #320120700)

    Dear savvy and 'intelligent (lol) investor'.

    I note you haven't once been able to disprove my factual figures, so you vainly try to cover with more of your own obvious stupid, 'hypothetical' comments and name calling. So if that's the way you want to play, then let's play.

    You're right, you got me, I don't invest in the stockmarket.

    I have just been studying it everyday for about the past 12 years, hoping that one day I could humiliate and take the ***s out of a loud mouthed, easily excited, halfwitted, dumb***k, Telstra shareholder (see I can name call too) whose stupid enough to have gambled with and lost most of his family's life savings and now blames everyone else, instead of being man enough to admit he's a buffoon, loser for doing so.

    So guess what? After 12 years I can now stop studying the ASX, because I have just succeeded in doing exactly that.

    Exactly what you ask? Well der, humiliating and taking the ***s out of a loud mouthed, easily excited, halfwitted, dumb***k, (not forgetting) buffoon loser, Telstra shareholder - YOU. roflmfao

    While you are sadly counting your loses take solace (no pun intended) that Sol and the boys are living it up in Nevada. So with that in mind, once again enjoy your 14c dividend (twice a year) and keep that flag flying, because remember, it will only take another 20 odd years worth of dividend payments, for you to get your Telstra loses back, chump.

    I'm not going to waste any further time corresponding with you Rivkin, as again the figures (although obviously most hurtful to you and your portfolio) don't lie and are factual not hyopthetical. Hey what a coincidence, factual and not hypothetical, just like your loses.

    So please entertain us further with your desperation, because we all now know what a complete ***king dunce you actually are anyway.

    Classic. Jason -- 10/01/09 (in reply to #320120701)

    This is gold. Seeing the, let me get this right, *loud mouthed, easily excited, half witted, dumb***k, buffoon, loser, telstra shareholder* [ha classic, but you forgot fanboy], squeal like a pig. But, but, but. Get over it, your moneys gone son.

    @@haha & Classic Anonymous -- 11/01/09 (in reply to #320120723)

    You are both wrong, my money is not gone. I bought Telstra in the very beginning, and certainly did not pay anything like the $ 7.46 that boofheaded, hypothetical share market buffoon has suggested. Bottom line is that you two cretins don't own shares, never have and probably never will, and simply sit back hoping that those who do will not succeed, as it annoys the **** out of the both of you, to see someone other than yourselves making a quid. Suggest you get a life, you poor insignificant pair of dickheads !

    No shares but beachside property. Jason -- 11/01/09 (in reply to #320120746)

    Oh, loud mouthed, easily excited, half witted, dumb***k, buffoon, loser, fanboy, ***king dunce, Telstra shareholder, anonymous [Syndey Mike]. You are so obvious lamo.

    You are also many $1000's in arrears because no one reacts like that unless it is so. You have been burnt sucker, don't make excuses. I know it and you now it, even if you refuse to admit it.

    Even if in the unlikely event, you did buy Telstra at the very beginning, like anonymous said, you are only up 1% per year, not even matching inflation, oh wise investor, guru.

    I will admit I do not currently own shares, so what's the big deal. You criticse me because I haven't lost my money like you have? Go figure.

    But I did buy a 2nd property in Maroubra a few years ago for $248,500 and it's now worth about $1 mill.

    But gee, I wish I was like you and bought worthless Telstra shares instead, oh wise investment guru.

    Sydney and Sydney James -- 11/01/09 (in reply to #320120756)

    Ha, I was just reading another article where Mel Sommersberg asked if Sydney Mike was the evil twin of Sydney Lawrence?

    As someone reasonably new to all of this I have seen Sydeny L's patriotic crap and Syndey M's expletives. But they are certainly very, very similar.

    Maybe they are good cop, bad cop or Jeckyl and Hyde? But either way, what a noob this guy must be.

    Sydney Mike **** -- 12/01/09 (in reply to #320120757)

    What is a noob ?

    Quick answer Mel Sommersberg -- 12/01/09 (in reply to #320120797)

    Internet shorthand for "beginner".

    @Quick answer **** -- 13/01/09 (in reply to #320120801)

    Thanks for that Mel..................I'll keep it in mind before I have the temerity (or inclination) to "throw my hat in the ring", and post a comment. Seems to me that a lot of the commentators on this blog, simply want to take swipes at each other, or show off their own personal editorial and entreprenurial skills. Must admit that I have enjoyed reading yours, Sydney Lawrence and Sydney Mike's however. Would not be game to join the affray though !

    No worries :-) Mel Sommersberg -- 13/01/09 (in reply to #320120862)

    No worries Mike. Sydney Lawrence is quite a character isn't he... Yeah Sydney Mike is okay too. Our opinions differ greatly but I still respect them as people and I am sure that respect is reciprocated. It'd be a boring world if we all thought the same things I suppose.

    The best forums are always the ones with lively debate with a touch of sarcasm without resorting to name-calling and petty insults. It makes participating worthwhile. ;-)

    Lively... joe -- 14/01/09 (in reply to #320120865)

    Lol, these forums couldnt get more lively if you doused them in petrol, >.< But go ahead Mr Newin, It be refreshing to hear another persons opinion on the various going ons, its only the internet after all, hence the words here mean even less than if said in person,

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