The market has spoken and we are down sharply today.
The charts show a heavy overhead supply and final technical support is nearer $2.60. However I am hoping that the return on equity will continue to improve and we might stabilise at $3.
Telstra has little to no growth ahead and has a PE x about 20.
With little to no growth ahead TLS should be valued as a Utility .
Utilities have PEx a lot less than 20...nearer 12 x...about 40% off the present PEx .
The real question is do you see any growth in Telstra if not you must value it accordingly...If no growth then Earnings will only grow with judicious cost cutting and TLS price a lot lower about $1 lower than $3.57....$2.57..Not so far from technical support at $2.60!!
Time will tell?
All the Best to All
a clean out ahead
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Last
$3.50 |
Change
-0.030(0.85%) |
Mkt cap ! $40.44B | |||
| Open | High | Low | Value | Volume |
| $3.53 | $3.54 | $3.50 | $40.30M | 11.47M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 127 | 803512 | $3.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.51 | 142608 | 2 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$3.51 |
Change
-0.030 ( 0.82 %) |
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| Open | High | Low | Volume | ||
| $3.53 | $3.54 | $3.51 | 4335586 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| TLS (ASX) Chart |