Really? I expected improved profits on the basis of restructuring and improved mobile revenue, but the fall in net income was larger than I expected. This little rally of the last few months is all on the back of the buyback. I don't think its prudent with single digit EBITDA growth, falling profits. It was a bonus for the stock to get up here for me. Only a small position though on a cash cow company that was sold down a little too far last year.
Why do these companies so often issue (sell) shares on the lows and buy on the highs - poor management that then rewards itself with Option/Share awards on receovery and uses retained earnings to pump up their own bonuses. No thanks.
Ann: Telstra announces on-market share buy-back of up to $1.35b, page-13
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Last
$3.92 |
Change
-0.030(0.76%) |
Mkt cap ! $45.29B | |||
| Open | High | Low | Value | Volume |
| $3.95 | $3.95 | $3.90 | $69.01M | 17.63M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2108 | $3.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.92 | 282151 | 15 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| TLS (ASX) Chart |