The weekly chart comparison with XAO again.
Penn started just as the general market took a slide in early 2015.
But when the market recovered, TLS did not.
I remember clearly, TLS started to underperform and enter into a nasty bear market after the August 2016 full year results. The results were fine at $5.8 billion net profit, 31c dividend and 1.5 billion off market buy back. The last time TLS was flush with cash.
What the market didn't like was that Penn also announced a $3 billion spend on network upgrades during this time. The market thought that was a lot of money to spend on upgrades and whether it was really necessary. Probably saw the telco industry as a high CAPEX business with continuing needs to upgrade.
Now the chart is hoping that spend announcement of 4 years ago is going to be worth it and bring fruit as it has a go at some recovery. But still unable to get back over $4.00.
Removal of Penn will be a good start as the downward spiral coincides very well with him as CEO.
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Last
$3.93 |
Change
0.020(0.51%) |
Mkt cap ! $45.40B |
Open | High | Low | Value | Volume |
$3.91 | $3.93 | $3.90 | $133.6M | 34.03M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 486481 | $3.92 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.93 | 76101 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 486481 | 3.920 |
7 | 235773 | 3.910 |
19 | 538092 | 3.900 |
10 | 283085 | 3.890 |
12 | 128460 | 3.880 |
Price($) | Vol. | No. |
---|---|---|
3.930 | 23938 | 4 |
3.940 | 640860 | 21 |
3.950 | 719108 | 41 |
3.960 | 810631 | 10 |
3.970 | 114513 | 11 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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