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.
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Going Long 1st Position @ $2.76
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Last
$3.88 |
Change
0.000(0.00%) |
Mkt cap ! $44.83B |
Open | High | Low | Value | Volume |
$3.90 | $3.91 | $3.88 | $87.51M | 22.48M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 163435 | $3.88 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.89 | 278633 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
17 | 163435 | 3.880 |
17 | 231849 | 3.870 |
18 | 425155 | 3.860 |
18 | 227667 | 3.850 |
14 | 109354 | 3.840 |
Price($) | Vol. | No. |
---|---|---|
3.890 | 11802 | 3 |
3.900 | 333219 | 23 |
3.910 | 666026 | 58 |
3.920 | 549537 | 44 |
3.930 | 287055 | 31 |
Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
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TLS (ASX) Chart |