TLS - Telstra Corporation

[ozbecool]

If that's based soly on what happened with the interim dividend you will most likely be dissapointed.

Pitty I reached this forum today and not on Fri - it would have been more appropriate if my comment was on 21Aug09:

21Aug09 RIVKIN said BUY Telstra - but most of the indicators say : SELL Telstra - additionally TLS goes ex DIV on 24Aug so the down pressure will be even higher.

I would wait long time - until indicators change - with buying this stock (and there are many better stocks than this one anyway)

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The above comment should not be considered as a financial advice - it is only author's personal opinion.

 

[The Owls]

If I buy Telstra on Monday, will I still get the dividend? I think it will go down on Monday due to the Dow Futures being down so I'd rather buy it Monday if possible rather than today - if I can still collect the dividend?

Please advise that if Telstra shares are purchased on Monday 24th August the dividend will not be paid to the new owner.

 

[Buckeroo]

______________
The above comment should not be considered as a financial advice - it is only author's personal opinion.

Well, that's one thing I do agree with you on

Its the best thing that could have happened to have the future fund sell out. Its been a noose on Telstra's share price. I'm always wary of government controlled investments - they can turn the screws anytime to get their own way.

So the quicker they can sell out the better. But have no fear people, looks like it will be another 6 months before the next sell.

Cheers

 

[Glen48]

Good thing we suckers are there to buy these shares for our supper funds with out our permission.
And the brokers pick up a nice earner on the side.

 

[jennifer.c.thomp]

If I sell Telstra on Monday (ex-dividend day) do I get the dividend or do I have to wait until the day after? [I'm new to all this.]

 

[ozbecool]

TLS - Telstra Corporation - dividend

If I sell Telstra on Monday (ex-dividend day) do I get the dividend or do I have to wait until the day after? [I'm new to all this.]

You can sell shares of any company on EX-div day (in this case for Telstra it is Mon, 24Aug09) and you will still be entitled to the dividend.

To make it easier to remember try to use the following paraphrase: "EXpired of the DIVidend".

 

[ozbecool]

Well, that's one thing I do agree with you on
....
Cheers

Your choice of course - people trading shares have two options when they encounter a drastically DIFFERENT point of view then their own:
- stick to their ideas no matter what (sometimes it is until is too late to change them or the change would cost a lot of lost capital / earnings)
- listen to others and consider modifying their own position

My intention was to warn people that a big SELL OFF is not on its own merit alone a good trigger to buy into 'cheaper' stock. One shall consider at least the possible reasons of such a big SALE. The impact of that being the price going down is normal in such circumstances - but does it mean that it is ALWAYS a BUY recommendation. By all means : no.

And in general : buying purely on NEWS carries high level of risk that the news we received might have been interpreted incorrectly (by us)

Cheers

 

[JAS81]

Re: TLS - Telstra Corporation - dividend

You can sell shares of any company on EX-div day (in this case for Telstra it is Mon, 24Aug09) and you will still be entitled to the dividend.

To make it easier to remember try to use the following paraphrase: "EXpired of the DIVidend".

According to telstra, the record date for the dividend the 28th of august. Shares go ex-div on the 24th... correct me if i am wrong, but i have always read this to mean that if your holding on the 28th is nil - so will be your dividend... so you need to hold your shares from the 24th to the 28th - and it is those held shares that will attract a dividend...

 

[skyQuake]

Re: TLS - Telstra Corporation - dividend

According to telstra, the record date for the dividend the 28th of august. Shares go ex-div on the 24th... correct me if i am wrong, but i have always read this to mean that if your holding on the 28th is nil - so will be your dividend... so you need to hold your shares from the 24th to the 28th - and it is those held shares that will attract a dividend...

T+3 settlement: Shares go onto the register 3 days after trade. Thats why you need to hold as of close of trade 24th Aug.

 

[JAS81]

Re: TLS - Telstra Corporation - dividend

T+3 settlement: Shares go onto the register 3 days after trade. Thats why you need to hold as of close of trade 24th Aug.

I see... so the key date is record date, less three days. Assuming that not all stock records dates are T+3 from ex-div date.. or are they all?

 

[ozbecool]

Re: TLS - Telstra Corporation - dividend

I see... so the key date is record date, less three days. Assuming that not all stock records dates are T+3 from ex-div date.. or are they all?

Note that it is almost a rule that on EX Div day share price of the stock being considered goes down - and there are often many comments in the press saying "price of XYZ fell N cents today as it today goes Ex Div" - does this provide you with a new light at this issue ?

In my personal opinion it shouldn't be like this - i.e. "as per record date" and then 3T+ rule applied; this is because it creates confusion for many people. It should be stated 100% clearly that : "you must hold shares at the close of the day preceding the EX Div date" - then there would be no questions asked.

The same applies to ever unclear SHARE OFFERS and the RECORD DATE for the entitlements. On one occasion (recent BSL placement) I asked the BSL support line about that patricular placement and ... the guy DID not know the answer !

 

[ozbecool]

Re: TLS - Telstra Corporation - dividend

An example of the 'market EX Div price correction' - from today's market: WES is EX Div today (25Aug09) - div is $0.60 and the price fall is $1.70 at the moment.

 

[Tukker]

I got a Buy triggered on tls today, unfortunately i have no capital to spare. Chart looks like the sell-off has been overdone. hoping for some consolidation today to confirm a buy order tomorrow. What do you guys think?

This was in the news today also.

Telephone company Telstra Corp (ASX: TLS.ax) may be in focus after Credit Suisse raised its rating to outperform (see [nRCHAU]).

http://au.biz.yahoo.com/090909/19/28ile.html

 

[Miro]

CANBERRA -- The Australian government said Tuesday it wants Telstra Corp. to the nation's largest telecommunications company, to agree to structurally separate its wholesale and retail arms as Canberra prepares to build a new 43 billion Australian dollar ($37.02 billion) high speed national broadband network.

If the group doesn't agree to structurally separate its businesses, Canberra will impose a "strong functional separation" framework on the company.

"It is the government's clear desire for Telstra to structurally separate, on a voluntary and cooperative basis," Communications Minister Stephen Conroy said in a statement.

"Telstra is one of the most highly integrated telecommunications companies in the world across the fixed-line copper, cable and mobile platforms," Mr. Conroy said.

Competition watchdog the Australian Competition and Consumer Commission, and some of Telstra's rivals, had argued that the government should force a much tougher structural split on Telstra -- requiring a legal separation of Telstra's assets and activities into separate corporate entities with entirely separate owners and shareholders -- to allow the ambitious new open-access network to compete on equal footing.

The plan, contained in telecommunications legislation to be introduced into Parliament later Tuesday, would allow the government to impose a strong functional separation framework on Telstra if the telecommunications firm chooses not to voluntarily separate. That would mean that Telstra has to conduct its network operations and wholesale functions at arm's length from the rest of the group, and provide equivalent price and non-price terms to its rivals.

Continue reading at online.wsj.com/article/SB125297547118110515.html

 

[freebird54]

I got a Buy triggered on tls today, unfortunately i have no capital to spare. Chart looks like the sell-off has been overdone. hoping for some consolidation today to confirm a buy order tomorrow. What do you guys think?


Nice drop today - I own 28,000 looking for some good Put premiums to get more at a discount

 

[skc]

The fundamentals of TLS will change so much if it was forced to separate structurally - this uncertainty makes holding this stock a risky prospect imo.

The whole situation is quite absurd with the NBN.

The government sold off Telstra only to build and create the next TLS (i.e. NBN) again. Shouldn't there be at least some non-compete clause that limit the government competing with a business they recently sold off?

If and when the Liberals come back into power, would the NBN be sold off to the public investors again?

 

[sammy84]

The handling of TLS is a joke and a sad story for mum and dads. First it is sold off, with the government pushing people to invest. Didn’t they realise at the time when TLS was being sold that they were effectively privatising a monopoly? Now the government feels this is unfair and is trying to dissemble the monopoly. There's only one loser set of losers in all this...

 

[skyQuake]

The fundamentals of TLS will change so much if it was forced to separate structurally - this uncertainty makes holding this stock a risky prospect imo.

The whole situation is quite absurd with the NBN.

The government sold off Telstra only to build and create the next TLS (i.e. NBN) again. Shouldn't there be at least some non-compete clause that limit the government competing with a business they recently sold off?

If and when the Liberals come back into power, would the NBN be sold off to the public investors again?

And not to mention future fund unloaded right before this crap came out
Certainly screwed the retail guys

 

[jonnycage]

well said sammy, im will be out of all my TLS shares over the new
few days if the prices rises a little. no point hanging on to these anymore
with a government hell bent on them failing

 

[skc]

well said sammy, im will be out of all my TLS shares over the new
few days if the prices rises a little. no point hanging on to these anymore
with a government hell bent on them failing

Sold all mine this morning. Not gonna muck around for a few cents.

For all T3 investors...

Purchased Nov 2006 for $3.6 ($2 + $1.6)
6 x dividends of 14c (Total $0.84)
Today's price $3.11

For a nice return of 9.7% return, or 3% per year...