Took my first position today @ $2.76.
2hFY18 Dividend of 11c is a given. Its the dividend after this that is uncertain.
Given that TLS will go ex-dividend at the end of august which is only 2 months away, I am treating the 11c dividend as a return of capital.
So my effective 1st buy in is $2.65.
As mentioned previously my valuation range is $2.00 - $2.50.
However if telstra cuts its dividend into FY19, this will lead to a future increase in book value, which will support a higher valuation post 2020.
The market could well go higher or lower after Penn's announcement June 20. So I prefer to get in with a position now.
If the share price drops after June 20, I will use the opportunity to purchase a 2nd position.
I will be writing call options to provide extra income which will slightly hedge against future price drops.
Lol I can finally say "held", those I will not provide a 'buy' sentiment yet.
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Going Long 1st Position @ $2.76
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Last
$3.91 |
Change
-0.005(0.13%) |
Mkt cap ! $45.40B |
Open | High | Low | Value | Volume |
$3.93 | $3.93 | $3.90 | $11.74M | 2.995M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
25 | 215546 | $3.90 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.91 | 189508 | 31 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
26 | 232148 | 3.900 |
23 | 336219 | 3.890 |
23 | 289600 | 3.880 |
39 | 396830 | 3.870 |
35 | 486277 | 3.860 |
Price($) | Vol. | No. |
---|---|---|
3.910 | 169301 | 22 |
3.920 | 363623 | 26 |
3.930 | 694825 | 53 |
3.940 | 491765 | 52 |
3.950 | 714579 | 94 |
Last trade - 11.12am 21/10/2024 (20 minute delay) ? |
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