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.
- Forums
- ASX - By Stock
- TLS
- Going Long 1st Position @ $2.76
Going Long 1st Position @ $2.76
-
- There are more pages in this discussion • 56 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TLS (ASX) to my watchlist
(20min delay)
|
|||||
Last
$3.91 |
Change
-0.010(0.26%) |
Mkt cap ! $45.17B |
Open | High | Low | Value | Volume |
$3.91 | $3.93 | $3.87 | $88.91M | 22.83M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 15079 | $3.90 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.91 | 25000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 40670 | 3.880 |
20 | 145963 | 3.870 |
29 | 442877 | 3.860 |
63 | 314427 | 3.850 |
21 | 73791 | 3.840 |
Price($) | Vol. | No. |
---|---|---|
3.920 | 128514 | 13 |
3.930 | 312682 | 26 |
3.940 | 198972 | 23 |
3.950 | 404266 | 68 |
3.960 | 176372 | 17 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
Featured News
TLS (ASX) Chart |