the majority of market was up today because the herd all followed each other into speculative growth all based on the back of a trump win speech, everyone piling into resources etc. ok there was also good gains on iron ore, but really is it sustainable there has to be a pull back.
so money probably flowing out of tls because of fear of missing some sort of miraculous growth story, hence why tls was down.
personally I feel perhaps people will be back to tls for its div in the coming month or so, in line with the good old 45 day franking rule I feel tls will start to look very compelling for the millions of retail and institutional inventors in coming months.
so when the pull back starts or profit taking on other stocks, no doubt some of this money will move back to the solid dividends and somewhat defensive nature of tls.
at the end of the day its very hard for the market to ignore a grossed up div yield of over 8%
anyway that's just my view, I could be wrong
TLS Price at posting:
$4.85 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)