Blue chip or not?

Roger Montgomery

Telstra has reported its results for the six months ended 31 December 2015. Using a telescope rather than a microscope says this is no blue chip: * Reported total income excluding financial income $14.2 billion * Reported EBITDA $5.4 billion * Net profit after tax $2.1 billion * Earnings per share 17.2 cents * Fully franked interim dividend of 15.5 cents * Capital expenditure $2.1 billion This draws an interesting comparison to results for the same numbers for the same half, a decade ago. CONTINUE READING: (VIEW LINK)


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