The Telstra board and executive management team made a grave mistake by submitting a non compliant bid in the first place and they played directly into the hands of the shorters. At the very least they could have put in a compliant bid albeit at a high price and not minimise the damage to the SP.
In fact I would say the TLS board were perhaps reckless. It's a good thing that the chairman and executive team have been turned over to claw back some credibility.
All power to Thodey - he is getting some easy early wins on the board.
Cheers
BF
shorters, page-21
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Last
$3.88 |
Change
0.000(0.00%) |
Mkt cap ! $44.83B | |||
| Open | High | Low | Value | Volume |
| $3.87 | $3.91 | $3.86 | $69.78M | 18.08M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 66211 | $3.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.89 | 400250 | 3 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| TLS (ASX) Chart |