Cash rate wont spur TLS along Bert. There are many other things holding TLS back.
It is the telecom industry in Australia is currently messed up by government designed monopoly NBN. It is TPG-Vodafone merger and pending high court decision, it is the high NBN wholesale pricing that NBN needs to charge Australians to make some return back for the expensive and poorly thought-out NBN layout, it is the FY19 result where net profit declined 39% to 2.1 billion (lowest it has ever been in the 20 years since listing). It is the average CEO that has not been able to find new and alternate ways to grow in the 4 years he has been in office, yet has had a pay increase to 5 million per annum this year (while the share price has halved).
It is these things that need to be fixed. Another 0.25% cut in cash rate wont do it.
Cash rate wont spur TLS along Bert. There are many other things...
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$3.83 |
Change
0.010(0.26%) |
Mkt cap ! $44.02B | |||
| Open | High | Low | Value | Volume |
| $3.83 | $3.85 | $3.80 | $59.40M | 15.52M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 67 | 586528 | $3.82 |
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| Price($) | Vol. | No. |
|---|---|---|
| $3.83 | 316060 | 57 |
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| TLS (ASX) Chart |