The
Telstra Corporation Ltd(ASX: TLS) share price has had an interesting week. Telstra shares started Monday off at a price of $3.42 a share. But by Wednesday, those same shares dipped to as low as $3.32, a fall of more than 3% from Monday’s level. By the end of the week, we saw Telstra return to a share price of $3.40.
That was despite some interesting developments along the way. On Thursday, we discussed how Pengana Capital holds Telstra shares as its biggest holding. As my Fool colleague Tony reported, Pengana Capital chief investment officer Rhett Kessler has Telstra “as just under 8% of our portfolio”. Why? Mr Kessler stated that Pengana likes the telco because “when you buy Telstra shares, you’re buying the best mobile phone network in the country. And you’re buying a really nice inflation-protection bond from the government”.
Why I love Telstra (ASX:TLS) shares right now: fundie
Tony Yoo | April 22, 2021 8:30am |
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Telstra Corporation Ltd (ASX: TLS) is his team’s biggest current holding.
According to Pengana Capital chief investment officer Rhett Kessler, businesses with “hard assets” would survive best in the face of rising inflation and interest rates.
“We have it as just under 8% of our portfolio,” he told a Pengana investor webinar.
“When you buy Telstra shares, you’re buying the best mobile phone network in the country. And you’re buying a really nice inflation-protection bond from the government.”
Kessler praised the telco’s management for its ability to make painful short-term decisions for the good of its longer-term outlook.
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SYDNEY, April 13, 2021 /PRNewswire/ Starting in April and running for 9 weeks through to June, Pengana Capital Group will be hosting 9 webinars representing over $55billion of investment management insights across various portfolios, presented by leading fund managers from around the world. Together, these managers cover Australian and International equities spanning impact investing, healthcare, Israeli tech, property, small caps and private equity, and will host webinar presentations and open discussions on their markets and notable holdings. It has certainly been an exceptionally interesting period in history for investors: a global pandemic followed by vaccine rollout programs, record-low interest rates, Brexit, American elections, the rise of work from home fuelling rapid global adoption of technology, the list goes on. Pengana is excited to present this series of investment updates, market commentary, and reporting season insights from our diverse range of indep
4 ASX shares picked for returns in 2021 by brokers and fundies
Tristan Harrison | January 20, 2021 5:38pm |
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There are some ASX shares that have been chosen by brokers and fundies as picks to make returns in 2021.
Brokers and fund managers work full time to try to find good stocks to pick. This article is about four of them:
BHP is one of the top picks in the resources sector by James Gerrish from Market Matters. He said that the big resources ASX share is exposed to the right commodities at the right point of the cycle and looks poised to make fresh multi year highs. Market Matters has a 12-month price target on BHP of $45.