Took my first position today @ $2.76.
2hFY18 Dividend of 11c is a given. Its the dividend after this that is uncertain.
Given that TLS will go ex-dividend at the end of august which is only 2 months away, I am treating the 11c dividend as a return of capital.
So my effective 1st buy in is $2.65.
As mentioned previously my valuation range is $2.00 - $2.50.
However if telstra cuts its dividend into FY19, this will lead to a future increase in book value, which will support a higher valuation post 2020.
The market could well go higher or lower after Penn's announcement June 20. So I prefer to get in with a position now.
If the share price drops after June 20, I will use the opportunity to purchase a 2nd position.
I will be writing call options to provide extra income which will slightly hedge against future price drops.
Lol I can finally say "held", those I will not provide a 'buy' sentiment yet.
- Forums
- ASX - By Stock
- TLS
- Going Long 1st Position @ $2.76
Going Long 1st Position @ $2.76
-
- There are more pages in this discussion • 56 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TLS (ASX) to my watchlist
|
|||||
Last
$3.62 |
Change
0.010(0.28%) |
Mkt cap ! $41.82B |
Open | High | Low | Value | Volume |
$3.64 | $3.65 | $3.62 | $65.42M | 18.02M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
18 | 1092958 | $3.62 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.63 | 167188 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 48186 | 3.620 |
10 | 59878 | 3.610 |
30 | 84923 | 3.600 |
8 | 84661 | 3.590 |
33 | 235485 | 3.580 |
Price($) | Vol. | No. |
---|---|---|
3.640 | 67836 | 10 |
3.650 | 461800 | 40 |
3.660 | 270858 | 25 |
3.670 | 126992 | 8 |
3.680 | 167029 | 20 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
Featured News
TLS (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online