Seems like the price is heading back to 2010 levels and that has prompted me to do a bit of reading on why the share price had dropped to where it was back in 2010.
Here are two articles:
http://www.*********.com.au/*********.asp?a=AV&ai=17576
https://www.google.com.au/amp/s/www...you-shouldnt-buy-telstra-shares-ever.html/amp
Seems like history is repeating itself with TLS. Back then, increasing competition and lower profit guidance had negatively affected investors sentiments. Fast forward 3 years, changes in technology and demand for mobile data and speed had led to the doubling of TLS share price.
Hopefully, 5G has the ability do the same. As long as TLS could maintain its first mover advantage in the telco world, there is always hope for turnaround.
$3 walked through, page-72
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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 |