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Government to sell Telstra shares

THE federal government plans to sell its majority share of Telstra to retail investors and will offer existing shareholders a guaranteed allocation of discounted shares to encourage them to buy. The government will sell $8 billion of Telstra shares, about one-third of its stake in the telco. Analysts are predicting the shares could be sold for between $3.30 and $3.50 – the lower estimate being the price investors paid when Telstra was first listed nine years ago.

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Total Shareholder Return as at 30/06/16

1 year TSR5 year TSR
365thLendlease17%20%
483rdWestpac-2%13%
497thTelstra-4%21%
526thQantas-9%19%
722 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Revenue

6th-Telstra$26,607.0m
7th↑Westpac$21,642.0m
9th-Qantas$16,200.0m
10th-Lendlease$15,350.3m
77 listed non wa companies ranked by revenue.
Source: Morningstar

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