D. Gilham, who runs Australia's biggest TA Course for retail...

D. Gilham, who runs Australia's biggest TA Course for retail investors, is primarily a Chartist- but also does, sometimes, FA, as a supporting investment thesis.

Last week, he stated that he expects TLS to reach c.$4.50-4.60- but also has good prospects to go up to $6 in the next 12 months.

"For those who may not know, Telstra restructured itself so that Telstra is now a holding company of its three business subsidiaries, which include InfraCo Fixed, InfraCo Towers and ServeCo. The restructure will allow Telstra to get more value out of its assets, which will lead to more profit. It also allows Telstra to grow as we move into an ever increasing age that is reliant on communications services.

Investors would be disappointed this year, as Telstra has fallen just over 6 per cent since 1 January, although it has fared better than the All Ordinaries Index which is down nearly 9 per cent. That said, the restructure has been a long time coming and I strongly believe Telstra will now improve on its lack lustre performance that has seen it only grow by 11 percent since 1 November 2017.

The good news for long suffering shareholders is that I believe Telstra will be bullish over the long term with the restructure taking off the hand break and allowing it to spearhead down the superhighway. The expected price target is at least $4.60 in the not too distant future and between $5 and $6 over the medium term".

https://www.wealthwithin.com.au/learning-centre/market-report-videos/telstra-to-trade-above-6-dollars-in-2023