re: classic dividend trap actually it is the focus on dividends that is forcing the price down.
Everybody is worried it is not going to pay the dividend.
But pssssssst... don't tell anyone.....it has a plan to grow the company.
(Use income from the old copper line network to build the new broadband network in case you didn't know.)
At the moment it is negotiating price with ACCC.
But once a deal is hammered out watch out shorters.
Forget about increased risk from debt being factored into the price, you will see growth coming into the equation.
Mark my words.....I will come back to remind you if you don't anyway.
telstra cuts wholesale rates in dying markets, page-22
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$3.91 |
Change
-0.010(0.26%) |
Mkt cap ! $45.17B | |||
| Open | High | Low | Value | Volume |
| $3.91 | $3.93 | $3.87 | $88.91M | 22.83M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15079 | $3.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.91 | 25000 | 2 |
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