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Telstra shares drop to all-time low

TELSTRA shares dropped a further three cents to $3.52, the lowest level since 1997. The company has also revised down its financial forecasts after the ACCC announced a reduction in the price Telstra could charge competitors for access to its extensive ULL network. As a result, the company revised down its revenue growth expectations announced earlier this month from 2 - 2.5 per cent to 1.5 - 2 per cent. Despite the earnings downgrade, the Telstra board declared dividends of 28 cents per share for the 2007 fiscal year.

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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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