My view is that its a pretty good outcome for telstra as the government is in political trouble they had to do a backflip on price to get the deal done. It clears some uncertainty as well. I think the future is wireless and as we dont have to invest any more cash in vast fibre networks which will be of dubious value we are much better off......infact TLS might be a very big winner from this in the long term.
As for the share price reaction please note that the price had already risen from $2.90 ahead of the announcement and had been outperforming the market. There is also the reality now that the market will focus on the short term results which have been deteriorating. So the reaction is what i would expect. if it were to fall back further I suspect it is a chance too buy more.
I am also bullish that the company can now focus on its operations and winning back share in mobile instead of being distracted by the NBN which must have consumed most of managements time.
Lord
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20 | 145963 | 3.870 |
29 | 442877 | 3.860 |
63 | 314427 | 3.850 |
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Price($) | Vol. | No. |
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3.920 | 128514 | 13 |
3.930 | 312682 | 26 |
3.940 | 198972 | 23 |
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