currently, TLS has a good yield but the $64K question is how long can they keep this up?
FY12 EPS = 27.5 cents
FY12 dividends paid = 28 cents
FY12 dividend payout ratio = 102%
TLS must borrow to pay their dividend
blue-chip norm is a 65% to 70% payout ratio, thus TLS, if following commercial norm, should be paying a 19 cent dividend, which would yield 6.8% before tax on a $4.00 share price
will future earnings rise or fall? if fall, TLS seems fully valued based on dividend cut risk at $4.00
balance sheet has:
$4b in cash
$17b in borrowings & derivatives
$12b in net assets
$7b in intangibles
$20b in plant & equipment, who knows what it is really worth?
$4b in annual capital expenditure
$5b in gross cash flow
$3.4b in repayment of borrowings & interest
$3.5b in dividend payments
$2b in cash flow shortfall
$3b in borrowings
thus, $3b must be borrowed to pay a $3.5b dividend, it seems
i am not a financial analyst but, to me, it has the flavour of a Ponzi scheme
all the best
- Forums
- ASX - By Stock
- TLS
- love you telstra
love you telstra, page-20
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TLS (ASX) to my watchlist
(20min delay)
|
|||||
Last
$3.93 |
Change
0.020(0.51%) |
Mkt cap ! $45.40B |
Open | High | Low | Value | Volume |
$3.91 | $3.93 | $3.89 | $94.15M | 24.02M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 12492 | $3.91 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.93 | 2364145 | 32 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5500 | 3.910 |
1 | 29741 | 3.900 |
7 | 72152 | 3.890 |
7 | 54241 | 3.880 |
11 | 55165 | 3.870 |
Price($) | Vol. | No. |
---|---|---|
3.930 | 209538 | 18 |
3.940 | 49525 | 8 |
3.950 | 566123 | 61 |
3.960 | 269393 | 20 |
3.970 | 210554 | 15 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
Featured News
TLS (ASX) Chart |