TLS 1.04% $3.89 telstra group limited

Where to now for long term investors of Telstra, page-3267

  1. 9,752 Posts.
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    Ash,i take absolutely no notice of brokers or ratings agencies in australia,don't even bother reading their opinions on tls.
    After the gfc imo there is no question many ratings agencies employees/ ceo's should have been jailed.
    As for our banks,i hope they introduce new regulation that will restrict lending practices to the business naive,because the banks are ruthless,people complain about tls,but you place yr kohuna's in the banks hands they will have no problem at all in detaching them.
    And in my experience i have seen this happen over many years to various co's,first the bad lending practices,then the detachment.
    I only ever dealt with the major retailers,30 days without question over many years and never had to do a cash flow,it was obvious as per bank statements.
    But one day the bank manager said they want a cash flow,it cost me because i had to use my accountant because we never had to .That still annoys me.
    So what really concerns me is the reaction of the banks if there is any type of housing correction,again they will be ruthless,and all of a sudden tls will be viewed as a 'warm fuzzy lge co to hold' compared to what the banks are capable of imo.
 
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