still happy with my remaining position. would like to top up again but no the market is not letting me.
even with the drop in dividends the share price is holding.
this suggests to me that the market in its collective wisdom believes that the end is near for tls dividend cuts. maybe another 10% cut to 14c, but this is nothing compared to the recent cuts.
weaker hands who held for previous dividend ylds have capitulated already.
Further in the current economic climate there is a small pool of companies that are safe. tls could again start to be viewed as a defensive play
so a long term fundamental base could well be building.
Going Long 1st Position @ $2.76, page-28
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Last
$3.92 |
Change
-0.030(0.76%) |
Mkt cap ! $46.33B | |||
| Open | High | Low | Value | Volume |
| $3.95 | $3.95 | $3.90 | $69.01M | 17.63M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 271136 | $3.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.92 | 282151 | 15 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| TLS (ASX) Chart |