I'm not disappointed. I'm patient. However, I can understand why investors are disappointed. It's due to the comparative share price returns when you plot Telstra against other cyclical/ industrial stocks.
I am confident of their dividend policy over the next 3 years and it is probably one of the few stocks that you can positively gear (i.e. divs. should not be slashed by 25%+ like the banks)
The way I see it, this is a defensive stock and should outperform when the market is weak. 8.0%+ div yield, does not require much capital growth for you to be ahead when TLS is trading under $3.20.
That said, TLS is not one for thrill seekers.
Happy investing.
share price, page-2
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Last
$3.82 |
Change
0.000(0.00%) |
Mkt cap ! $44.13B | |||
| Open | High | Low | Value | Volume |
| $3.83 | $3.85 | $3.80 | $81.46M | 21.29M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 337439 | $3.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.83 | 404931 | 5 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| TLS (ASX) Chart |