Telstra buyback ‘very unlikely‚Äô

His view contrasts with those from other fund managers and rival analysts who expect Telstra to launch a share buyback scheme worth at least $2 billion at its financial results announcement on Thursday. “We believe Telstra is likely to remain conservative and keep flexibility, especially given investments and acquisitions are likely,” he said. “A buyback … is also very undesirable and only marginally accretive at current prices.

Read more here: SMH


You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>