TLS 0.87% $3.47 telstra group limited

D-Day... D being Dividend, page-148

  1. 6,141 Posts.
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    White knuckle ride for sure and continuing well beyond today. Ex divvy will see a 30c plunge, as grossed up divvy including franking credits is about 22 cents, coupled with those who then want out, so another 10c there, all up 30 c drop. Then there is the longer term issue of uncertainty over what future dividends to expect and where the company as a whole is headed. The tech space concept being mooted seems to worry a lot of posters. In other words, negative sentiment is going to be a millstone around the neck of this stock. Slice another 20c off the share price ( at least) s a consequence. End up somewhere 3.30 -3.50 maybe. Don't forget the big boys are likely well hedged with put/call strategies so todays plunge and the next one don't quite have the same impact as it does for Mums and Dads. I will buy back in when things look the bleakest.
 
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Last trade - 16.10pm 31/05/2024 (20 minute delay) ?
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