TLS re-iterated that their free cash flow target for 2010 is $6Bn. Why doesn't it subtract interest expense in the free cash flow calculation? There's nearly $1Bn in interest expense but TLS doesn't consider that part of free cash flow??? Rather odd don't you think?
So, TLS at the current pprice is very risky. The upside is capped...it's in a range of $2.90-$3.50. However, what happens if the Board eventually bite the bullet and cut the dividend? You're then looking at a price in the low to mid 2's.
Plenty of downside risk and where's the upside? People can leave their money in TLS and sit and wait and hope or they can ask themselves, can my cash be better utilised elsewhere?
what a great dividend, page-10
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Last
$3.87 |
Change
-0.010(0.26%) |
Mkt cap ! $44.71B | |||
| Open | High | Low | Value | Volume |
| $3.88 | $3.88 | $3.85 | $67.18M | 17.37M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7849 | $3.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.87 | 437584 | 17 |
View Market Depth
| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| TLS (ASX) Chart |