Concept of valuation has been long lost on the market. The stock is responding to the sentiment generated by every word said in Canberra about the NBN.
I don't think Malcolm Turnbull's elevation to Opposition spokesman for communications and his mandate to trash NBN will do TLS's share price any good today. The market has pretty much written off TLS as a viable business outside of whatever the NBN can offer TLS. The negative posts on this thread seem to indicate so.
I think we are going to have a roller coaster ride all based on he-said, she-said. The trick will be on buying this at or around the bottom and selling it when everything seems kosher. Australia's biggest speccy stock.
dog, page-18
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Last
$3.83 |
Change
-0.010(0.26%) |
Mkt cap ! $44.25B | |||
| Open | High | Low | Value | Volume |
| $3.85 | $3.85 | $3.83 | $67.91M | 17.70M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 234851 | $3.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.84 | 192180 | 6 |
View Market Depth
| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| TLS (ASX) Chart |