TLS was a dividend stock which was an easy buy and wait as the company announced the sale of their towers portfolio which if executed would have seen a return of Billions to shareholders. This deal was placed on back burner until further notice. So shareholders now have a 4 percent dividend and TLS has to prove they can keep the mobile phones business growing. The risk here is TLS last year got a leg up from Optus with a large migration of dissatisfied customers. with no potential sale of Assets looming and a miserable 4 percent dividend against 4 percent 90 days fixed deposit. i don’t have any compunction to hold TLS at .$3.80 it doesn’t represent value.
TLS Price at posting:
$3.84 Sentiment: None Disclosure: Held
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