TLS 0.75% $4.03 telstra corporation limited.

tls - a yield play ?????

  1. 473 Posts.

    Never traded TLS and have never really thought about trading but if this decline continues consider the following;

    TLSIZG now trading at approx 1.38.
    If TLS gets to say 4.20 could pick up IZG for say 1.25.
    TLS with 100% franking pays divvy of say 20c.
    Yield on IZG then approx 17%

    Exercise date of IZG is May 2004
    Strike is 3.50 premium as above say 1.25 = 4.75 in MAY 2004.

    Interesting concept TLS a yield play.
    Not saying go and load up with IZG's as TLS is very much in a down trend would be a no-no at the moment BUT for you TA's out there if a confident bottom forms around 4 bucks would have to be worth consideration.


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