I disagree, in 2015 Telstra was in exactly the same position really. There were no known unknowns in fact 5G tech was not proven the way it is now. The funds just decided to pump it all the way up before the long term selling began. What has actually changed besides the acceptance of the inevitable decline in earnings and dividend.
Telstra will bottom and then become the go to dividend stock once again. Provided Penn slashes jobs and spending. Like the miners did when iron ore crashed. Rio over here in Perth refused to spend a cent on their office furniture or luxuries for years. Any cost not necessary was slashed, Telstra must do the same.
Tightasstra!
I disagree, in 2015 Telstra was in exactly the same position...
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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 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| TLS (ASX) Chart |