Communication services & telco stocks
Why the TPG (ASX:TPG) share price sank 8% on Friday
The TPG Telecom Ltd (ASX:TPG) share price dropped 8.6% on Friday. There was a major insider share sale of the telco’s shares.
December 3, 2021
Big money is not in the buying or selling, but in the waiting.
For my own portfolio, I like to find ASX shares that are growing their dividends. Growth is an essential part of the dividend equation for me. I want to see that the dividend increases are funded by growing earnings and/or growing underlying asset values. I also have a portion of my portfolio invested in an ETF that picks undervalued global businesses with strong competitive advantages.
For Rask Media, I have an interest in covering technology (and tech-related) businesses with a global growth story, as well as cyclical companies that are cheaply priced because they’re at a low point in the cycle, such as retailers and resource businesses which could benefit strongly in the medium-term.
The TPG Telecom Ltd (ASX:TPG) share price dropped 8.6% on Friday. There was a major insider share sale of the telco’s shares.
The BHP Group Ltd (ASX:BHP) share price is in focus today as the resources giant confirms it’s going to proceed with its unification.
ASX growth shares could be the perfect place to find some long-term opportunities in December 2021, like Volpara Health (ASX:VHT).
The CSL Limited (ASX:CSL) share price is in focus on reports that it could be about to make a multi-billion acquisition of Vifor Pharma.
The Premier Investments Limited (ASX:PMV) share price is on watch today as the retail stock released a trading update for FY22 so far.
I’m always on the lookout for high-quality ASX dividend shares. December 2021 could be the perfect time to look at two of my favourites.
The Liontown Resources Limited (ASX:LTR) share price is currently in a trading halt as the lithium business carries out a capital raising.
The Codan Limited (ASX:CDA) share price is down despite it announcing an acquisition of UK-based company Broadcast Wireless Systems.
I’ve got my eyes on some great ASX shares in December 2021, particularly with the increasing volatility due to COVID-19 and interest rates.
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