When big K promised to construct nbn, I was expecting the project to fumble. Hence, I thought the impact on Telstra would be negligible. However, both governments continued to use tax payers’ money to prop up nbn. Therefore, another lesson to learn is to never under estimate government’s intervention.
The happy thing is to wait for the next batch of dividend in March. At least the dividend from Telstra is much more reliable than dividends from the banks.
TLS Price at posting:
$2.98 Sentiment: Hold Disclosure: Held
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