Buy TPG Telecom above the $5.06 higher low formation.
Traders should consider applying a stop loss below the recent pivot low of $4.81 or on a break of $5.06.
TPG offers solid free cash flow with an improving dividend story into FY22 and FY23.
12/6 Update: We continue to hold TPG and suggest traders stick with the trade as long as the price action remains above the 10 day average. The stock is now up over 10% since our entry condition was met earlier this month.
Buy TPG Telecom above the $5.06 higher low formation.
Traders should consider applying a stop loss below the recent pivot low of $4.81 or on a break of $5.06.
TPG offers solid free cash flow with an improving dividend story into FY22 and FY23.
As the merger was effective for accounting purposes from 26 June 2020, TPG Telecom’s reported results for 2020 include a full twelve months of TPG Telecom Limited (formerly named VHA) and a contribution of six months and four days from TPG Corporation Limited (formerly named TPG Telecom).
Reported revenue for the year increased 24% from 2019 to $4.35 billion and reported EBITDA increased by 18% to $1.39 billion. We reported NPAT of $734 million, which includes a one-off, non-cash credit to income tax expense of $820 million.
In the first six months post-merger, the Group has generated $342 million
of net cash flow. The TPG Telecom Board resolved to pay a final dividend for 2020 of 7.5 cents per share.
Buy TPG Telecom above the $7.00 support level.
TPG is now up 8% since rallying from the $7.00 support level.
Buy TPG Telecom above the $7.00 support level.
Buy TPG Telecom above the $7.00 support level.
Buy TPG Telecom above the $7.00 support level.
Buy TPG Telecom above the $7.00 support level.
Buy TPG Telecom above the $7.00 support level.
Buy TPG Telecom above the $7.00 support level.
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2 Chifley Square
Sydney, NSW 2000
1300 614 002
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ABN 44 143 555 453
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