Arguably Australia’s most disliked business due to its ongoing customer service issues however the stock after years of underperformance has presented investors with some value in 2021. The stocks 4.7% fully franked yield is attractive in today’s world especially as we feel its sustainable after they changed their rhetoric around dividends being linked to free cash flow. NB: We hold in the Income Portfolio.
MM is bullish TLS ultimately looking for ~$4
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