TLS just spiked from 5.10 to 5.15 in 1 hit of approx 1mln shares. Seems a trader might have a fat finger as immediately dropped back to 5.11. Someone not having a good day on the desk
having said that I do like TLS here. With the RBA holding rates and chatter about another possible rate cut in Aus, and possibly only 1 raise in the US, the yield hunters will return.
Hedgies and funds can borrow US$ for around 1% and gain about 8% yield from TLS. Add to that the stock is likely to rise in a low rates environment, and it is a no brainer.
Fat Finger?
Add TLS (ASX) to my watchlist
 (20min delay)
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Last
$3.65 |
Change
0.010(0.27%) |
Mkt cap ! $42.17B | |||
| Open | High | Low | Value | Volume |
| $3.65 | $3.65 | $3.60 | $88.56M | 24.34M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 102025 | $3.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.65 | 1465770 | 37 |
View Market Depth
| Last trade - 16.10pm 08/05/2024 (20 minute delay) ? |
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Last
$3.64 |
Change
0.010 ( 0.33 %) |
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| Open | High | Low | Volume | ||
| $3.65 | $3.65 | $3.61 | 7154311 | ||
| Last updated 15.59pm 08/05/2024 ? | |||||
| TLS (ASX) Chart |