With the end of the financial year past and dividend time approaching, tls share price has seen a mild increase and the market depth on the buyers side is double that of the sellers. There has been comments in hot copper in previous posts, of institutions buying in now, has anyone got any knowledge about this, as there certainly appears to be more urgency by buyers to get into the stock.
Apparantly tls has gained thousands of new customers since the other mobile telco`s debacle as people find telstra`s service obtainable where the others are not available.
tls closing down big pond movies probably means they will save costs on labour and push hard to increase sales of dvd movies on demand via their T/Box which is already up and running and apparently they have acheived good sales of the t/box which may show up in their upcoming financial statement next month.
While tls is not a day trade, the dividend yeild at about 9% and franking on top is extremely attractive considering that day trading in this market is hard to acheive.
TLS Price at posting:
$3.00 Sentiment: Buy Disclosure: Held
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