Finance & Fury Podcast

Why has Telstra tanked? For so long, Telstra has been a Market Darling … a great dividend-paying share, almost like the world’s best term deposit…but what has happened? They are out of favour with investors for the past 3 (or so) years…   What has gone wrong: Telstra has warned investors to brace for a profit level at the lower end of its guidance range, but remains committed to a 22-cent total dividend payment. Telstra has blamed "challenging trading conditions" for a pre-tax and interest profit that is now expected to come in at the bottom end of a previously stated $10.1-$10.6 billion range. CEOs and price - History: Ziggy Switkowski – 1999 to 2004 – Oversaw the transition from government sector to privately owned, started in 1997. Went from $9 to $5. Sol Trujilo – 1/7/05 Went from $5 to $3.5 in his first year Back to $4.8 the next year, then down to $4.2 the next year Just before he left - $3 David Thoedy – May 2009 From a price of $3, it went to around $2.50 18 months later (at a low), but from t