Serial underperformer TLS has gone into a holding pattern around the $4 area, this is another stock that we feel could prove a good defensive stock into further weakness with reliable income and yield, the $3.70-80 area the optimum entry level in our opinion. We like the direction the business is heading as it focuses on growing / scaling their non-core businesses plus additional cost outs as it follows its T25 strategy for annual growth in the “high teens” for underlying earnings per share until the 2025 financial year. NB: we already own TLS in our Income Portfolio.
MM likes TLS into weakness under $4
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