If market does fall over back to 4500 I think TLS may actually benefit, being a traditional defensive.
I mean how much lower can it sensibly go @ PE 10 with >10% divvy. LT who knows how things will play out but it will certainly be around next year earning around the same amount.
I am also of the opinion that the NBN will get over the line, far too much political capital invested for them to back out now. Once we start getting our hands on that 11 billion I expect a nice correction back to low 3s (then I bail lol, hey at least I'm honest), if we get a divvy before then then even better.
some shorts return, page-14
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Last
$3.95 |
Change
0.080(2.07%) |
Mkt cap ! $45.63B | |||
| Open | High | Low | Value | Volume |
| $3.90 | $3.99 | $3.88 | $167.5M | 42.36M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 603779 | $3.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.96 | 45986 | 2 |
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| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| TLS (ASX) Chart |