The buyback should put a floor under the sp - hopefully higher than what it presently is - $3.78 - I hope TLS do not spend too much on the buyback though - say keeping it under $500m still allows the CR to be about 7c 7c plus the normal divi would be nice. Will know in a month
Re-entered TLS last year and have progressively topped up my holding and now have obtained the total quantity I wanted. The main reason re-entered was the pending demerging which is supposed to value add
cheers
TLS Price at posting:
$3.78 Sentiment: Hold Disclosure: Held
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