from the agm:
targeted ROIC being reduced from 10% to just 7%: not good, tls has traditionally had a high ROIC.
Underlying EBITDA required to just maintain 16c dividend: $7.5-8.5b
fy21 underlying EBITDA forecast $6.5-$7b
so to just maintain 16c dividend tls underlying EBITDA has to grow around 20%, coupled with the reduction in ROIC, this is going to be a hard ask.
I am very happy to be on the sidelines and will patiently wait until TLS falls to low $2 before looking at taking a first position again, that's still a further 20% drop in share price.
TLS is still an avoid for me
from the agm:targeted ROIC being reduced from 10% to just 7%:...
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Last
$4.97 |
Change
0.000(0.00%) |
Mkt cap ! $56.58B | |||
| Open | High | Low | Value | Volume |
| $4.97 | $4.98 | $4.95 | $131.7M | 26.50M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 19027 | $4.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.97 | 82784 | 5 |
View Market Depth
| Last trade - 16.10pm 31/07/2025 (20 minute delay) ? |
| TLS (ASX) Chart |