Grow Rich,I will start with the positive,'if' funds feel the 8 cent div is sustainable then at current low interest rates that will definitely provide a base for current low sp,5% plus fc'd and commpared to the banks would appear to be a safe haven.Again 'if' funds believe div is sustainable as they have face to face time with penn while us mushroom retail investors have none.
imo the letter was just a repeat of previous presentations,in previous presentations costs are increasing and ebitda trending down and has been for many years.
Tls's list of priorities -'for our people' -for our customers'. -for our australian economy.
Whats missing ?,answer 'for our mum and dad shareholders /retirees that rely on the div that has been cut by 50% along with profits'. Next presentation wont be nice and penn has now got a new excuse. Tls is a different business to the banks or airlines,there should be no reason why tls can't grow in such an economic environment imo only.
I can't be positive re tls if i'm not positive re tls.
TLS Price at posting:
$3.16 Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)