TLS 2.81% $3.81 telstra group limited

Hi Small Fry - I am a lifer and yes I can remember the PMG. Had...

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    Hi Small Fry - I am a lifer and yes I can remember the PMG. Had a couple of good mates got jobs with PMG when we left school. My kids can decide what to do with my TLS shares when I'm gone - hopefully not for a while yet. For your information Goldman Sucks have a 12 month target price of $5.80 on TLS (not quite $6) and Morningstar have a fair value of $6.00 with a Hold up to $6.60. Mine are not for sale as my grossed-up pre-tax return on funds invested is approx. 14.4%. I am a buy and hold not a trader. If I were to sell TLS at current prices I would need to find something else that would return approx. 8.3% to receive the same amount of cash as I do now. So I guess we all have our own reasons and strategies for how we treat our investments. Cheers
 
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