Hi everyone,
I bought in the beginning of last year for $4.85 per share. I have 28500 shares. My plan was if the share price drops, then at least I can recover lost capital through the dividends. I was not banking on the dividend being cut.
My understanding is the market is concerned Telstra can't fill a loss of revenue created by the NBN? Seems to me unless Telstra can show the market a clear path where it will be able to generate profits that were previously justifying a share price of over $5, then it will forever be limited to a trading range of $3.20-3.80.
My question to everyone is, do people think this is a good time to buy considering I read Telstra is planning to begin offering its first 5G devices next year?
If Telstra is offering 5G, and from what I've heard it could be better than NBN, then surely their sales will go up and they'll start dominating the market. If this happens, the loss of revenue is replaced by a sustainable 5G network and they may get all the old customers who switched to NBN back with 5G.
Am I over simplifying this? If 5G is a success, then surely the share price will head northwards in a pretty convincing way?
Telstra recovery
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Last
$3.90 |
Change
0.010(0.26%) |
Mkt cap ! $45.06B | |||
| Open | High | Low | Value | Volume |
| $3.87 | $3.90 | $3.86 | $47.13M | 12.11M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 85316 | $3.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.90 | 383741 | 58 |
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| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| TLS (ASX) Chart |