TLS still have approx $700m available for buyback and me thinks the average buyback price will be quite a bit higher from now on, compared to last 3 months - if TLS fall well short of the $1.3b spend, then the Sept divi may have a special component, being $ not spent on the buyback.
For me, whilst is interesting to follow the buyback, I am in it for the divi and potential demerging, which is supposed to add value overall, thus as long as sp stays above $3.74 [my last buy] then all is good. Previously had T1 and T3, but sold those many years ago
$3.74 @ 5.5% = 20.6c - the divi is 20.8c including Franking Credits , so much better than bank interest
it is also good that sp keeps trending up, incase I need to sell
TLS Price at posting:
$4.18 Sentiment: Hold Disclosure: Held
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