I agree on all points Letts. If Libs get in; great for TLS. But I don't think they will.
If interest rates are cut again, it could further push investors into equities and TLS is seen as the safe stock. But I don't think we'll see another cut. Maybe if rates are held it too could have a positive effect?
Special div? I don't think so.
So the high P/E needs to be supported by future earnings growth and I just can't see an uplift from here. They're losing a lot of their competitive advantage and are falling foul of consumers. I personally had enough of them recently and left after being a customer for nearly 10yrs. And my issue wasn't outage related.
I personally believe TLS has the potential to slip back in the coming months. If/when that happens, I think it might be worth a look.
All IMO.
slip sliding away, page-9
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Last
$3.80 |
Change
-0.015(0.39%) |
Mkt cap ! $43.84B | |||
| Open | High | Low | Value | Volume |
| $3.79 | $3.81 | $3.77 | $15.80M | 4.167M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 207228 | $3.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.80 | 85907 | 26 |
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| Last trade - 10.52am 06/08/2024 (20 minute delay) ? |
| TLS (ASX) Chart |