keep it simple
to my mind any company with 80% market share (or whatever), and the pricing/staying power that goes with that market dominance will always be a safe long term punt.
3 years ago WOW, with 20% of every retail dollar spent was trading at sub $5.00
Think where the banks were not that long ago - but they had/have market dominance and sooner or later the share price reflects this.
Stick with TLS.
6% yield (will cover the carry cost quite nicely) Sooner or later the competition will fall by the wayside and you will also have nice captial gain on the stock.
As an old trader friend once said to me "ship it in shag"
$3.50 coming up?, 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 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| TLS (ASX) Chart |