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
$3.82 |
Change
0.000(0.00%) |
Mkt cap ! $44.13B | |||
| Open | High | Low | Value | Volume |
| $3.79 | $3.84 | $3.78 | $85.69M | 22.48M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 260942 | $3.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.83 | 24998 | 1 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| TLS (ASX) Chart |