TLS 0.00% $3.88 telstra group limited

Telstra a bargain today. Any ideas what the target of this...

  1. 1,697 Posts.
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    Telstra a bargain today. Any ideas what the target of this contrived downtrend is? Nice bit of stop hitting and accumulation going on by the funds in anticipation for a fairly predictable reporting season for TLS.

    Dividend likely to be gradually cut over time if at all. Fair enough to as the dividend is huge at $4.10.
    Dividend 7.5% fully franked, ex date in one months time.
    RSI @ 20, oversold.
    Target may be around $4 but I picked up a parcel today as the target looked to be either $4.10 or $4. Knowing the funds this could always go to $3.90 to hit the stops and make it less predictable.

    PE 12.8, forward PE 11 then 8.
    Last edited by West Coast: 19/07/17
 
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