P543 Teletext 543 May24 16:03:07         ———————— EUROTUNNEL SHARES ———————————— Dear Teletext I bought Eurotunnel shares when they were first issued. Interest p—xlents on outstanding debt is huge and will go up after further borrowings. Is it likely that Eurotunnel will ever earn enough to pay its debts and issue a dividend to shareholders? R. Henry, FareP—n, Hants. ——————————————————————————————————1/8—— Savers Selection 546 Tax Clinic 548 SHARE DEALING SERVICE-SEE PAGE 535 Property Plus Your money Tax Index
P543 Teletext 543 May24 16:00:02         ————————— EUROTUNNEL SHARES ——————————— dletext replies: Eurotunnel said this week it expects to pay its first dibidend in 2003, five years later than first announced. It's preparing a rights issue which, observers say, will be bigger than the market expects, to fill a funding gap. And a prospectus, including details of interest ——xldnts, will be out in a fortnHght. contn. ——————————————————————————————————2'8—— "Eurotunnel too optimistic" >>> MONEY NEWS UPDATES DAILY p541 Property Plus Your money Tax Index
P543 Teletext 543 May24 16:00:06         ————— EUROTUNNEL SHARE PROSPECTS —————— dletext replies: Analysts agree Eurotunnel's current financial projections are too optimistic. Investment bank UBS forecasts the Tunnel will have to cut costs sharply to get passengers. It sees the!—jrlines, ferries and tunnel conducting a price war for passengers. con—,. ——————————————————————————————————3'8—— "Eurotunnel a success eventually" >> WHY NO WRITE TO TELE$FXT? DETAILS > Property Plus Your money Tax Index
P543 Teletext 543 May24 16:01:35         ————— EUROTUNNEL SHARE PROSPECTS —————— Teletext replies: UBS thinks it'll be some time before Eurotunnel is up and running smoothly with all problems resolved. The delay will also reduce income and affect the dividend date. Analysts at Credit Lyonnais Laing think Eurotunnel will be a success in due course. cont... ——————————————————————————————————4/8—— "Travellers will like Eurotunnel" >>> HALIFAX HOUSE PRICE INDEX p545 Property Plus Your money Tax Index
P543 Teletext 543 May24 16:01:50         ————— EURO$VNNEL SHARE PROSPECTS —————— Teletext replies: Credit Lyonnais thinks travellers will find Eurotunnel attractive and volumes eventually will be good. But it is also worried about financing Credit Lyonnais says that it considers the date dividends will be paid to be so far away, it's not worth thinking about! ——————————————————————————————————578—— Eurotunnel shares: travel privileges > PROPERTY PLUS UPDATES TUE & FRI 544 Property Plus Your money Tax Index
P543 Teletext 543 May24 16:00:02         ————— EUTO TNNEL SHARE PROSPECTS —————— dletext replies: Eurotunnel was always a longL—erm investment, Credit Lyonnais notes. But private investors at least have the benefit of travel privileges that go with Eurotunnel shares. The privileges depend on the number of shares held. They range from a one-way journey during opening year to unlimited return journeys during the concession period. ——————————————————————————————————6'8—— Latest premium bond winners 549 WHAT'S ON FAMILY FINANCE? 540 Property Plus Your money Tax Index
P543 Teletext 543 May24 16:03:31         ——— HAVE YOU A QUESTION? —————————————— Write to: TELETEXT: FINANCIAL LETTERS PO BOX 297, LONDON SW6 1XT fax no: 071 386 7808 All answers will appear on screen only. Seek independent financial advece before taking any investment decision. ——————————————————————————————————7/8—— Advice Clinic will update on Friday ALL THE LATEST MONEY NEWS p541 Property Plus Your money Tax Index
P543 Teletext 543 May24 16:01:02         ————————————————————————————————————— Welcome to dletext Advice lines with IFA Promotion, the body which campaigns for independent financial advice. (Calls last 3 mins aver!fd) Investing lump sums..... 0891 141 327 Undiscovered Billions... 0891 332 188 Indep. Financial Advace. 0891 141 330 Get the right investment 0891 141 325 Health insurance........ 0891 141 323 Which mortgage for you?. 0891 141 328  The lines update weekly to offer  you a range of financial advAce.  T+ ——————————————————————————878—— Calls cost 39p/min cheap rate 49p/other ADVICE CLINIC UPDA DS TUES & FRI Property Plus Your money Tax Index