Finally I am one of those XJO retrace then bounce to 5k people so I am building a substantial cash position to go heavy on margin once the resource stocks retrace another 10% or so. So on that risk profile this is not for me at present.
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Perhaps there is 10-15% correction for the XJO index including the resource stocks but these have rallied over the last 2-3 months while TLS has not. So even if there is a 10% correction (TLS being a defensive stock) it should not affect TLS. It is more likely that the negative sentiment for TLS will continue if the political uncertainty surrounding the stock continues rather than EU, DOW, or China factors.
Let's wait for the comp. AGM to get a confirmation on the divi issue first.
Finally I am one of those XJO retrace then bounce to 5k people...
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Last
$3.61 |
Change
-0.010(0.28%) |
Mkt cap ! $41.71B | |||
| Open | High | Low | Value | Volume |
| $3.59 | $3.61 | $3.57 | $88.57M | 24.62M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 38155 | $3.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.61 | 771370 | 13 |
View Market Depth
| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| TLS (ASX) Chart |