West Coast,
That's a big call to say: "I am certain the $3.81 low will be the low even after the dividend."
We are only just seeing the knee jerk reaction of the market in the first hour of trading post the announcement. The investment market will go away and calculate this reduced payout ratio, factoring growth forecasts etc to reveal the stock is no longer a good yield play.
At $3.81, the yield is 5.77%. This brings TLS back to the field of other industrial stocks paying a dividend. You get better yields on property trusts now.
Unfortunately, I think TLS has a lot more downside over the coming weeks/ months.
It hurts me too, as I had a few in the portfolio for the dividends.....
D-Day... D being Dividend, page-73
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Last
$3.93 |
Change
0.020(0.51%) |
Mkt cap ! $45.40B | |||
| Open | High | Low | Value | Volume |
| $3.91 | $3.93 | $3.89 | $94.15M | 24.02M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 12492 | $3.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.93 | 2364145 | 32 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| TLS (ASX) Chart |