Morgans 18.07.2017
Column 1 0 Call to action – Telstra
Dividend aside, TLS’s FY17 result and outlook were in line with our expectations. We had earlier flagged the risk of a dividend cut on the revised capital management framework but were not expecting the Board to cut the dividend to 22cps in FY18 as they have now done, albeit softened with a possible buyback. The revised dividend looks to us like an almost worst case scenario, with upside potential should the competitive landscape not deteriorate and/or should the NBN unravel. The lower dividend is disappointing but positions TLS better to navigate the future and importantly expectations are rebased so the uncertainty is removed. We upgrade TLS to an Buy/Add recommendation following the rebasing event.
- Forums
- ASX - By Stock
- TLS
- Upgraded to buy/add
Upgraded to buy/add
-
- There are more pages in this discussion • 61 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TLS (ASX) to my watchlist
(20min delay)
|
|||||
Last
$3.85 |
Change
-0.010(0.26%) |
Mkt cap ! $44.42B |
Open | High | Low | Value | Volume |
$3.85 | $3.86 | $3.83 | $28.74M | 7.479M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
69 | 373626 | $3.85 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.86 | 464379 | 98 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
58 | 233188 | 3.850 |
60 | 615445 | 3.840 |
96 | 740901 | 3.830 |
53 | 546840 | 3.820 |
53 | 517074 | 3.810 |
Price($) | Vol. | No. |
---|---|---|
3.860 | 504264 | 91 |
3.870 | 552826 | 40 |
3.880 | 399101 | 35 |
3.890 | 258230 | 20 |
3.900 | 412333 | 48 |
Last trade - 15.11pm 07/10/2024 (20 minute delay) ? |
Featured News
TLS (ASX) Chart |