Burnsie,
Is your intention with Telstra to be a short term trader or a long term investor ?
without adding anything constructive. What does this achieve other than more bitterness on both sides?
Just noticed this thread today. I do remember Burns buying a decent parcel a while back and it occurred to me that he might well have bought at the top. (whether this is true or not is not the point of my post).
My point is that it is strange behaviour for a couple of ASF posters to attempt to humiliate him for this loss, without adding anything constructive. What does this achieve other than more bitterness on both sides?
that was tried but ignored and spat back at a long time ago. I guess all thats left is a "told ya so" when trying to offer an opinion thats taken as hostility.
that was tried but ignored and spat back at a long time ago. I guess all thats left is a "told ya so" when trying to offer an opinion thats taken as hostility.
My point is that it is strange behaviour for a couple of ASF posters to attempt to humiliate him for this loss, without adding anything constructive. What does this achieve other than more bitterness on both sides?
I agree with you GB. Their post are just pollution of cyber-space. Best just to ignore them.
We all know what happens when fear strikes, people sell, and someone is on the other end of the trade taking advantage.
What am I missing?
I'm fairly sure that the future estimated (read: guessimate) of JHX's asbestos liabilities is about $1.7 billion. I believe they have paid about $1 billion before this.
I must be missing something in the chain of responsibility (possibly/probably wrong terminology) or something else completely?
If NBN and Telstra are aware of these issues and have procedures in place to deal with it appropriately, how can there be legal action at a later date because somebody did not follow company policy?
JH knew about the dangers but did not provide an adequate level of safety to employees. Telstra and NBN "appear" to be taking an adequate level of safety and protection. If individual contractors do not follow these guidelines are they not responsible?
Cheers McLovin, the current vagueness says a lot.
This is probably for a different thread, but
Can a worker for an "asbestos clean up company" claim for damages at a later date? I would think not or there would be none is business. Therefore if any company provides the same level of safety as an "asbestos clean up company" to a known asbestos threat how can they be liable?
Nothing that I can see. The asbestos thing has been way overblown imho. The presence of asbestos in pits is not a secret, and Telstra already pays out to former workers. There has been some sort of breakdown in the process of training and safety, probably because there are so many contractors working on this. If you've ever worked in a large corporate you know these things happen all the time. Usually they don't involve something as dangerous as asbestos though and Thodey needs to show ownership of this issue and cut it down before it grows into something big. Which is what he seems to be doing.
I really doubt this will ever get to the level of the Hardie claims. If you make some high ball compo assumptions, that each person affected will receive $300k (the average Hardie claim is ~$200k), then that assumes 9,000 workers will contract a dust disease. A mighty feat when NBN Co only has 7,500 contractors in total. And the majority of those who go into the pits will not even be exposed to asbestos dust, unlike people who were exposed to asbestos through building products or mining/manufacturing asbestos related product.
The media will swirl around this until they find some new outrage on social media to focus their attention on.
Thank you - just to clarify I don't hold any TLS - and I was using JHX asbestos claim costs as the extreme end of the scale (ie. even that won't hurt TLS long-term). Good to see I'm not the only one who is thinking along these lines. This sounds like one of those "media needs to attach a story to price movement" cases that you mentioned in the XAO thread. It's a shame that some retail investors probably fell for it.
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