Post by
stockstarker on Mar 26, 2021 12:14pm
Who will end up with the new Telus shares
I would bet that most of these shares the banks will not sell to the public but end up in mutual funds and other investment funds. The banks just got a huge break on the price of Telus shares. Considering the annual increase in the dividend and the potential for growth with the best Telco in North America it makes sense to hold on to these shares rather than selling to the public for a few pennies profit. How much would Telus shares have gone up if they tried to buy about 60 million shares on the open market?
Comment by
Dibah420 on Mar 26, 2021 12:29pm
@$25 I continue to nibble. Roughly 4% discount to yesterday's close. Yield is 4.75%. Together with the capital they raised with TIXT they are now well placed to charge ahead with some serious capex; maybe even an acquisition or two.
Comment by
tbnorthstar on Mar 26, 2021 12:41pm
They are excellent capital allocators so the money will be spent wisely. Pricing wasn't outrageous either, think back a few months ago where the shares were, lots of trading in the 25's. Am personally a long time holder who tries to add on the dips (this isn't one of them). Very impressed with the ever increasing dividend payouts, think they call it passive income:) .