Your guide to Telstra's Share Buy-Back

Intelligent Investor

Independent Financial Research

Your guide to Telstra's Share Buy-Back. After a couple of recent disposals, Telstra has found itself with less debt than it thinks it should have to strike a balance between risk and returns (all things being equal, more debt will increase returns to shareholders but at greater risk). To get back to where it wants to be, in addition to paying out about $3.6bn in dividends this year, management has decided to return another $1bn by buying back shares. It will do this via an off-market tender offer, which basically means that shareholders are invited to submit a price at which they'd be prepared to sell their shares. The offers will be accepted from the bottom up, until the $1bn target is reached, so that those accepting the biggest discounts are more likely to have their offers accepted. Should you take part? Read the article here: (VIEW LINK)


Intelligent Investor
Intelligent Investor
Independent Financial Research

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