Telstra added 600,000 mobile services in the last quarter ! Coupled with a 2nd wireless frequency added in country areas where VITA has most of it's stores this bodes extremely well for VITA given they own one third of all Telstra stores. On track 2014 eps of 8.7 cents + franking credits. On a 70% div ratio payout that going to be a 14.5% return in the tax free environment of my Super Fund in current prices. If I can work that out I'm sure others will in this market that is obsessed with yield.
VTG Price at posting:
59.5¢ Sentiment: Buy Disclosure: Held
