Wednesday, January 17, 2007

Telstra on the move up, up and away

Institutional shareholders are becoming more positive about Telstra Limited (ASX:TLS) Its share price rose to a 16-month high. It has gained nearly 20 per cent since it was removed from Australian Government control. The T3 instalment receipts have produced a gain of 46 per cent for retail investors and 39 per cent for institutional shareholders.

Analysts are bullish, saying the company's restructuring appears to be moving faster than anticipated. They say competitors are performing poorly and solid marketing of Telstra's "NextG" mobile network should reduce the loss of fixed-line customers.

I have to agree removing the government has been a positive move. The shares are going nicely and hopefully for most Austrlaian investors they continue to rise.

Picture is courtesy of http://www.inkcinct.com.au

Good Luck investing.

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