Where to now for long term investors of Telstra, page-12137

I agree with your comments- particularly the spinoff of InfraCo. Its 49% sale will fully monetise it, as detailed in the S, Bartholomeusz (c.$17b?, just for 49% sale of InfraCo). The Age 12.10.22 article, linked above on 12.10, is very persuasive. Many billions of $ will be delivered to TLS shareholders (increased SP &/or dividends).

Many stockbroker firms (eg JP Morgan, Goldman Sachs, Morgan Stanley, Credit Suisse etc.) are now giving SP targets for TLS in the $4.50- $4.60 range, in the next 12 mnths. They, also, expect dividends to increase.

TLS is considered a "safe" defensive stock, when many have worries about a recession occurring,

As per the Amplitel Mobile Phone Towers 49% sale, amazingly for $2.8b, the restructuring into 3 divisions will help monetise the other TLS assets. Infrastructure investing is highly sought after by Fund managers, Pension Funds etc..

TLS hit $3.90, intraday, recently. IMO, this SP strength is likely to continue- especially after the restructure is formalised on 1.1.23.

"Telstra Corporation Ltd (ASX: TLS)

Another ASX dividend share that Morgans rates highly is telco giant Telstra. The broker likes the company due to its positive outlook and attractive valuation. It commented:

TLS currently trades on ~7x EV/EBITDA. However some of TLS’s high quality long life assets like InfraCo are worth substantially more, in our view. We don’t think this is in the price so see it as value generating for TLS shareholders. This, free option, combined with likely reputational damage to its closest peer, following a major cybersecurity incident, means TLS looks well placed for the year ahead.

Morgans has an add rating and $4.60 price target on Telstra’s shares.

In respect to dividends, its analysts are expecting fully franked 16.5 cents per share dividends in FY 2023 and FY 2024. Based on the latest Telstra share price of $3.84, this will mean yields of 4.3%".

Motley Fool link 17.10.22

https://www.**promotion blocked**.au/2022/10/17/morgans-names-2-asx-dividend-shares-to-buy-right-now/