What happened to AGO 2day made me think that telcos that don't make critical market share in Australia will suffer re-financing, lack of asset sales and lack of positive market sentiment.
This is especially important with interest rates in Australia so high at 2.25%!
I can't see how TPM/ MTU/ VOC/ AMM/ IIN survive and stay afloat unless they cannibalise each other, this must be good for TLS in the short, medium and longer terms.
The reason for TLS flatlining due to RBA rates on hold was a funny market reaction.
Telstra $10?, page-275
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$3.86 |
Change
-0.020(0.52%) |
Mkt cap ! $44.60B | |||
| Open | High | Low | Value | Volume |
| $3.86 | $3.87 | $3.84 | $58.46M | 15.16M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 68399 | $3.86 |
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| Price($) | Vol. | No. |
|---|---|---|
| $3.87 | 76368 | 8 |
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| TLS (ASX) Chart |