If you run a dividend discount model for valuing TLS using 0.11 as the div (0.22 annually) and no growth for a couple of years, then SP can go lower and it's only attractive to those that get the benefit of the franking credit.
If you run it with 0.15 annually then it's overvalued IMO.
Thus valuations IMO will come down to confidence in the company and their ability to maintain the payout ratio. Where is the growth going to come from? Any wobbles or macro issues could precipitate a fall too.
I'd be wanting cheaper than today's levels to build in a margin of safety to protect that yield if I was buying for long term.
TLS hasnt dropped nearly enough, page-5
-
- There are more pages in this discussion • 47 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add TLS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.85 |
Change
0.010(0.26%) |
Mkt cap ! $44.48B | |||
| Open | High | Low | Value | Volume |
| $3.87 | $3.89 | $3.83 | $65.77M | 17.07M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 64426 | $3.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.86 | 192676 | 8 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| TLS (ASX) Chart |