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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Took my first position today @ $2.76. 2hFY18 Dividend of 11c is...
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Last
$3.73 |
Change
0.080(2.19%) |
Mkt cap ! $43.09B |
Open | High | Low | Value | Volume |
$3.73 | $3.78 | $3.71 | $115.9M | 30.99M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 64775 | $3.73 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.74 | 590435 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 64775 | 3.730 |
14 | 579312 | 3.720 |
10 | 143234 | 3.710 |
23 | 222947 | 3.700 |
12 | 174122 | 3.690 |
Price($) | Vol. | No. |
---|---|---|
3.740 | 256015 | 3 |
3.750 | 66473 | 10 |
3.760 | 273035 | 12 |
3.770 | 336976 | 15 |
3.780 | 732198 | 48 |
Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
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TLS (ASX) Chart |