TLS 0.64% $3.09 telstra corporation limited.

over reaction given current share price

  1. 307 Posts.
    Lets face it, TLS share price would not be at these currently depressed levels unless it was for the NBN issues.
    Without the NBN threat I am sure the SP would be significantly higher -I would expect probably with a 4 in front of it. The primary driver of the sp is the NBN negotiations. Recently the news flow had softened in favour of TLS, hence the rally from 3.10

    Fast forward to today, still a depressed sp, nothing really new in the NBN progress announcement today, so in other words the sp reaction is to the flattish rev growth outlook announcement.
    OK flat revenue growth is never good news, but when the sp is factoring in significantly worst than this growth, you have to say that the reaction has been over done.
    Supported by its strong fully franked dividend, the sp has limited downside from here IMO.
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