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Alternate Symbol(s): TU

TELUS Corporation is a Canada-based communications technology company. The Company provides a range of technology solutions, including mobile and fixed voice and data telecommunications services and products, healthcare software and technology solutions, and digitally led customer experiences. Data services include Internet protocol; television; hosting, managed information technology and cloud... see more

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Telus Corp > Stock Dilution

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Post by Undeniable on Sep 03, 2022 3:40pm

Stock Dilution

I am reposting as there were too many typos in my original post. I own Telus, had the foresite to reduce when I heard about the lifeworks buyout. Correct me if I am wrong. As of September 7 Telus will be purchasing lifeworks , each stock will receiver .532 of a Telus stock plus cash. there will be 36 million more stocks on the market diluting our share price. This can't be good for our stock. Yes? No? Maybe?

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Comment by Milhouse123 on Sep 05, 2022 6:31am

Telus indicated in its most recent earnings call that they already acquired about 10% of Lifework's shares so about 3 million of the 36 million shares is basically going to themselves. Telus is not necessarily issuing net new additional shares. It could be providing existing shares from its corporate treasury. Even if Telus is issuing net new additional shares, the overall shares aren& ...more

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Comment by Undeniable on Sep 05, 2022 10:02am

S&P Dow Jones Indices Announces Changes to the S&P/TSX Composite Index September 1, 2022 TORONTO, Sept. 1, 2022 /CNW/ - The shareholders of TELUS Corp (TSX: T) (NYSE: TU) and LifeWorks Inc. (TSX: LWRK) have agreed to a merger by plan of arrangement. Each ...more

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Comment by Milhouse123 on Sep 05, 2022 2:38pm

Taking into consideration Lifeworks' revenue and earnings that Telus gains by issuing those those 36m shares, do you still feel Telus' overall shares are being diluted? If so, why/how?

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Comment by Undeniable on Sep 05, 2022 2:48pm

. The shares outstanding of TELUS will be increased in all S&P/TSX indices at the same time to reflect the issuance of shares. The new shares outstanding will be 1,412,706,694 and the IWF will remain 1. If I understand this correctly, does this not dilute the share price?

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Comment by Undeniable on Sep 05, 2022 6:16pm

So this translates into 19 million plus stocks being added into Telus stocks, that is a lot of stocks. I truthfully want to be wrong on this. My math is 36 million x .5321. Seriously open to being wrong.

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Comment by Milhouse123 on Sep 05, 2022 8:58pm

You haven't commented on what the corresponding impact to Telus' share price is when Lifework's revenue and earnings get absorbed into Telus' financials.

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