don't understand the panic over a potential dividend drop...look at TPG...gives out 2-3c a yr dividends and it's price is nearly double...yes I know it's one of the most shorted stocks but still, if Telstra pulls its finger out and puts up a fight and plan ahead, pretty sure it's share price will take off.
I personally think it's a screaming long term buy at this price range. Will stock up again if it hits below $2.75. If Penn goes, can see the stock heading back towards $3.50 in a whiffy. Selloff are mostly fund managers who lost faith in the stock.
Unfortunately, I see a lot of jobs going and cut backs etc, I for one is lower dividends (15-16c a yr) provided it goes back into making the company super solid and recession/global meltdown proof and provides a great priced service.
Wishful thinking.
Today will not be pretty, page-64
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Last
$3.89 |
Change
0.040(1.04%) |
Mkt cap ! $44.94B | |||
| Open | High | Low | Value | Volume |
| $3.86 | $3.90 | $3.85 | $66.87M | 17.23M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 311462 | $3.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.89 | 133931 | 11 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| TLS (ASX) Chart |