Category: Stock Market

The Corporate Travel Management Ltd (ASX: CTD) share price will be one to watch on Friday when it returns from its trading halt.

This follows news that a number of leading brokers have responded particularly positively to its acquisition plans.

Why is the Corporate Travel Management share price halted?

On Wednesday, the Corporate Travel Management share price was placed into a trading halt whilst it sought to raise $100 million via a $75 million institutional placement and a $25 million share purchase plan.

The $75 million placement will be undertaken at $21.00 per new share, which represents a 5.8% discount to the Corporate Travel Management share price at the close of play on Tuesday.

The company is raising these funds after entering into a binding agreement to acquire the Australia and New Zealand corporate and entertainment travel businesses of Helloworld Travel Limited (ASX: HLO).

Based on the performance of these businesses prior to the pandemic, management expects the deal to be approximately 3% earnings per share accretive excluding synergies and 7% including full run-rate synergies.

Broker response

In response to the news, this morning the team at Macquarie Group Ltd (ASX: MQG) upgraded Corporate Travel Management’s shares to an outperform rating with an improved price target of $24.70.

Based on the latest Corporate Travel Management share price, this implies potential upside of just under 11% for investors.

According to the note, the broker is a fan of the deal and believes the acquisition will be complementary to the company’s existing operations. In light of this and its trading update, Macquarie has upgraded its earnings per share forecasts through to FY 2024.

Elsewhere, the team at UBS has retained its buy rating and lifted its price target to $27.75.

UBS notes that the acquisition provides the opportunity to build further scale in its core Australian operations. Overall, the broker feels the company is “well positioned to leverage the expected recovery in 2022 and beyond.”

The post The Corporate Travel (ASX:CTD) share price will resume trading tomorrow. Here’s what you need to know appeared first on The Motley Fool Australia.

More reading

• Why Challenger, Helloworld, Lake Resources, and Strike Energy are charging higher
• ASX 200 (ASX:XJO) midday update: CSL upgraded, Westpac AGM update
• Helloworld (ASX:HLO) share price surges 10% on $175m asset sale
• Why is the Corporate Travel Management (ASX:CTD) share price halted?
• Why has the Webjet (ASX:WEB) share price had such a lousy start to December?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Helloworld Limited. The Motley Fool Australia owns and has recommended Helloworld Limited. The Motley Fool Australia has recommended Corporate Travel Management Limited and Macquarie Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Immutep Ltd (ASX: IMM) share price is rising today after news of a deal with a European company.

Shares in Immutep were swapping hands at 47.5 cents in early morning trade, up 1.06%.

Let’s take a look at what may be influencing the Immutep share price today?

What did Immutep announce?

Immutep is a biotech company developing a treatment for autoimmune diseases and cancer.

Today, the company advised it has signed an agreement with Northway Biotech to manufacture an antibody suppressor known as IMP761.

IMP761, currently at the preclinical stage, works to silence memory T cells that gather at disease sites.

The company has tested the product against autoimmune diseases including arthritis to prove the concept.

As part of the agreement with Northway Biotech, the European manufacturer will produce IMP761 in large scale bioreactors.

Once this upscale is complete, the product will be used for Immutep’s clinical trial of IMP761.

Immutep said the production would take place at Northway’s facility in Vilnius, Lithuania. In the future, the agreement may be extended to include commercial supply.

Comment from management

Commenting on the agreement that may be driving the Immutep share price higher, CEO Marc Voight said:

We are very excited to be partnering with Northway Biotech to develop a GMP manufacturing process for IMP761.

We are very pleased to be moving IMP761 towards clinical trials.

Immutep share price snap shot

The Immunotep share price has climbed 10% in the past 12 months, rallying 13% year to date.

The biotech company’s shares dived nearly 21% in the past month but are holding steady in the past week.

In comparison, the S&P/ASX 200 Health Care (ASX:XHJ) index is down 5% today and has risen nearly 2% in the year to date.

Immutep has a market capitalisation of more than $405 million at the time of writing.

The post Here’s why the Immutep (ASX:IMM) share price is up today appeared first on The Motley Fool Australia.

More reading

• Immutep (ASX:IMM) share price slips amid trial safety update

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Bitcoin (CRYPTO: BTC) is currently trading for US$48,993 (AU$68,413). That means if you’re sitting on 14.6 bitcoins you could be the proud owner of the Sushi Sushi outlet, located on Cavill Avenue in Surfers Paradise, Queensland.

If you’re looking to pay the $1 million in cash instead of Bitcoin, you’re out of luck. The Sushi Sushi retailer is the first in the world to offer its store for sale for crypto.

Prime location and an NFT

The prospective buyer will get more than just the bricks and mortar location for their Bitcoin. The company’s CEO, Scott Meneilly, a self-proclaimed crypto enthusiast, is also throwing in a non-fungible token (NFT).

As The Australian reports, he’s hoping “a craze in ‘Bored Apes’ and ‘Crypto Pugs’ will translate into real-world success”.

The future owner won’t have to run the store, that’s all taken care of. For 14.6 bitcoins (at current prices) they will receive all future profits, and not be liable for any losses.

Meneilly said that despite the fact NFTs are “sweeping the globe” they remain elusive to most people.

According to Meneilly:

We wanted to put a flag in the ground and move as quickly as the technology space is moving, and selling a store with crypto was a great way to let people know we are serious about playing in this space. We see a massive opportunity in using blockchain, and we felt that selling a franchise store was a great place to start.

Meneilly added: “There are billions of dollars in crypto currencies and people are looking to use their crypto and transfer that wealth into more traditional investment opportunities.”

Bitcoin and cryptos going mainstream

In 2021, Bitcoin and the wider world of altcoins took some big steps towards mainstream adoption.

Ian Lowe, CEO of crypto wealth platform Dacxi, told The Motley Fool: “Cryptocurrency’s role is evolving. Our research shows that the vast majority, 56%, of investors in Australia are investing in cryptos with long-term goals in mind.”

With this evolving role for Bitcoin and altcoins in mind, on 3 November Commonwealth Bank of Australia (ASX: CBA) became the first Aussie bank to offer its customers the ability to buy, sell and hold cryptocurrencies via CommBank’s app.

Customers can trade up to 10 selected cryptos including, of course, Bitcoin.

The post World first: Aussie sushi restaurant on market for $1 million in Bitcoin appeared first on The Motley Fool Australia.

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• Bitcoin (CRYPTO:BTC) and Ethereum fall hard again. What’s going on?

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Bitcoin. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson. 

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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

Gas fees — or the fees paid to process and validate transactions in a crypto ecosystem — have become a huge problem for the Ethereum (CRYPTO: ETH) blockchain. What was once an annoyance is now a very real cost, with transactions costing $100 or more just for simple acqusitions. 

Gas fees for the proof-of-work blockchain are a standard feature, but for Ethereum they’re starting to drive developers and users to other cryptocurrencies. Until a transition to a proof-of-stake transaction process is completed in 2022, gas fees will be high and Ethereum doesn’t have a great answer to cryptocurrencies offering lower fees and faster transaction times. And these alternative cryptocurrencies are Ethereum’s biggest competition. 

Gas as a leading indicator

The high cost of gas fees earlier this year was initially a positive sign for Ethereum. It meant there was so much demand on the blockchain that miners could charge high fees to complete transactions. High fees are correlated with high demand, and more demand on a crypto blockchain is a good thing, or so it would seem. 

The problem is that high-enough gas fees will push projects to lower-cost networks. Non-fungible token (NFT) projects are booming on Solana (CRYPTO: SOL) as a result of lower transaction costs and an improving suite of tools for developers. High-value NFTs are still on Ethereum, but a project selling an NFT for $100 would make little sense on Ethereum today due to gas fees potentially costing as much as the NFT itself. 

This brings us to the problem for Ethereum ahead of a proof-of-stake upgrade. The price of gas is high, but if the price of gas falls, it would likely be an indicator that transaction volume is down because users are moving transactions elsewhere. You can see below that transaction volume is actually flat over the past six months, despite more people getting involved in crypto. For perspective, Coinbase (NASDAQ: COIN) said that its number of monthly transacting users has jumped nearly 4x in the last year from 2.1 million to 7.4 million in the third quarter of 2021.

Ethereum average gas price data by YCharts.

This is a Catch-22 for Ethereum. If gas fees are high, it’s an indication of high demand, but if gas fees go down, it could indicate that crypto developers and users have moved elsewhere, taking their demand with them. 

The developer challenge

I don’t think there will be one cryptocurrency to rule them all, long term. Some projects will live on one blockchain while others will live on another. But Ethereum had a clear advantage over upstarts like Solana and Cardano (CRYPTO: ADA) as recently as this summer, and now smaller cryptocurrencies are catching up. 

If developers move their projects to a different crypto blockchain, it will undermine the value of Ethereum. As someone who has bought NFTs on Ethereum and Solana, I would prefer a Solana project over an Ethereum project in a heartbeat. The longer that gas fees are high, the more people will agree with that assessment. 

Crypto’s utility moment

At a time when more and more people are coming on board with cryptocurrency and NFTs, and other projects are finding real utility in the market, Ethereum is facing transaction costs that are untenable in the long term. That’s an indication of high demand on the network, but it also means that competitors will be selling themselves as lower-cost blockchains, and that’s a compelling feature for those new to cryptocurrency today. 

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The post Gas fees could be Ethereum’s kryptonite appeared first on The Motley Fool Australia.

More reading

• What crypto investors should know about these ‘Ethereum killers’
• Aussie crypto sector tipped to be worth $68 billion this decade
• Ethereum (CRYPTO:ETH) is up 419% in 2021. Here’s what’s ahead for 2022
• Bitcoin (CRYPTO:BTC) and Ethereum fall hard again. What’s going on?
• After a wild 2021, what can crypto investors expect in 2022?

Travis Hoium owns Ethereum and Solana. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Ethereum. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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The Credit Clear Ltd (ASX: CCR) share price is plummeting after it announced that it’s undergoing an acquisition worth upwards of $46 million.

To fund the transaction, the company is conducting a $29.5 million capital raise.

At the time of writing, the Credit Clear share price is 49 cents, 9.26% lower than its previous close.

Let’s take a closer look at the news that’s driving the financial services technology company’s stock downwards.

Credit Clear share price flops on new acquisition

It’s not a good day for the Credit Clear share price despite the company announcing that its acquiring debt recovery solution provider, ARMA Group Holdings.

Over financial year 2021, ARMA reported $15.5 million of revenue and $6.4 million of earnings before interest, tax, depreciation, and amortisation (EBITDA).

According to Credit Clear, the acquisition will provide more than 400 new active clients and a 140% boost to its revenue.

That’s expected to see Credit Clear bringing in $26.5 million in normalised, unaudited, pro-forma revenue on a financial year 2021 basis. The company also expects that its normalised, unaudited, pro-form EBITDA will increase to $3.9 million.

Finally, purchasing ARMA will help Credit Clear’s technology reach further into the Australian market. It will also speed up its adoption in the receivables management industry.

Credit Clear will be paying $46 million for the acquisition, plus earnout payments.

Of that $46 million, 40% will be paid in scrip and the other 60% in cash.

To fund the cash component, the company has undergone a $25.5 million placement. Within the placement, new shares were offered for 40 cents apiece.

A share purchase plan is expected to see another $4 million raised at the same offer price.

The scrip consideration is contingent on shareholder approval, which the company hopes to get in January.

Following the acquisition, ARMA founders, Andrew Smith and Shane Ashton will continue to manage the business. Andrew Smith will also be welcomed to the Credit Clear board.

What did management say?

Credit Clear CEO, David Hentschke commented on the news driving the company’s share price lower today, saying:

Credit Clear is at the forefront of a major global transformation in the way businesses interact with their customers. The ARMA acquisition provides us an opportunity to deploy this leading digital technology across ARMA’s significant existing client base and to win considerable new business together.

The post Credit Clear (ASX:CCR) share price tumbles 9% on acquisition news appeared first on The Motley Fool Australia.

More reading

• Why the IDT Australia (ASX:IDT) share price is crashing 37% lower today
• Centuria Industrial REIT (ASX:CIP) share price lifts on valuation surge
• BHP (ASX:BHP) share price slips as ACCC gives all-clear for Woodside deal
• Here’s why the Vicinity Centres (ASX:VCX) share price is gaining today
• Telstra (ASX:TLS) pays huge fine for putting Australians in danger

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The IDT Australia Limited (ASX: IDT) share price is crashing down to Earth on Thursday morning.

At the time of writing, the pharmaceutical manufacturing company’s shares are down 37% to 30 cents.

Why is the IDT Australia share price crashing today?

Investors have been selling down the IDT Australia share price today after it was dealt a bitter blow.

Earlier this year, the company announced that it successfully manufactured an mRNA drug product. This made IDT the first in Australia to manufacture a cGMP mRNA drug product.

In light of this, there were hopes that this would support its Australian Government Approach To Market submission to establish an onshore mRNA manufacturing capability (ATM).

However, this morning the Australian Government has confirmed that IDT’s ATM submission has not been selected to progress to the next stage of the process.

IDT’s CEO, Dr David Sparling, commented: “Whilst we are disappointed in the outcome of the ATM process, IDT has developed and progressed several alternative strategic options. The Company has successfully delivered on the Monash Institute of Pharmaceutical Sciences (MIPS) COVID-19 mRNA receptor binding domain vaccine candidate project, being Australia’s first locally manufactured cGMP mRNA finished product and clearly showcases IDT’s manufacturing capabilities in this regard.”

What’s next?

Dr Sparling notes that the company remains in the running for the Manufacturing Collaboration Stream Grant Opportunity.

“IDT is now sterile licenced and is maintaining its sterile facilities in a state of readiness to accept COVID-19 vaccine content at the Government’s discretion. The Company is also waiting to receive feedback on its submission to the Australian Government’s $800m Modern Manufacturing Initiative (MMI) Manufacturing Collaboration Stream Grant Opportunity,” Dr Sparling added.

Positively, the company also stressed that the proposal is unaffected by the outcome of the ATM process. It will provide a market update if and when additional information comes to hand.

The post Why the IDT Australia (ASX:IDT) share price is crashing 37% lower today appeared first on The Motley Fool Australia.

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• Why is the IDT (ASX:IDT) share price halted today?
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• The Starpharma (ASX: SPL) share price surges on Vietnam launch
• IDT Australia (ASX:IDT) share price rockets 40% on COVID vaccine update

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Centuria Industrial REIT (ASX: CIP) share price is edging higher during early morning trade. This comes after the industrial real estate investment trust (REIT) announced a recently completed external revaluation of its portfolio.

At the time of writing, Centuria shares are up 1.51% to $4.04 apiece.

Centuria records strong asset value growth

Investors seem pleased with the company’s latest assessment, sending Centuria shares higher.

In today’s statement, Centuria advised that 66 investment properties, representing about 86% of its portfolio, have been externally valued.

The total value of its assets increased to $3.8 billion. This is a 9.6% or $281 million uplift from the prior book values. In addition, the growth reaffirms Centuria as Australia’s largest listed pure-play industrial REIT.

The biggest mover across its asset base is the Telstra Data Centre Complex in Clayton, Victoria. The facility’s worth jumped by $55 million or 11% as a value increase percentage to $560 million. Most of the other key valuation movers were in New South Wales, Western Australia, and South Australia.

Furthermore, Centuria noted that the total portfolio weighted average capitalisation rate (WACR) firmed to 4.20%. Pro forma net tangible assets (NTA) improved to $4.22 per unit (net assets less goodwill divided by number of units on issue).

Centuria fund manager Jesse Curtis commented:

CIP has achieved a strong valuation uplift throughout the past six months largely due to positive leasing activity across the portfolio, demonstrating our active approach to leasing. Tenancy demand continued to be driven by ecommerce growth and infrastructure investment across all major domestic markets during the 2021 calendar year.

During the period, the Australian industrial real estate market has continued to strengthen through capital value growth and yield compression. Sector tailwinds have attracted a significant wave of capital seeking to increase exposure to industrial assets. Investment activity, coupled with record low vacancy and robust tenant demand, is likely to drive strong rental growth resulting in continued appreciation of industrial asset values.

Centuria share price summary

It’s been a positive 12 months for Centuria shareholders, with the REIT shares surging 30% for the period. It’s worth noting that Centuria is closing in on its all-time high of $4.10 achieved in September this year.

Based on today’s price, Centuria has a market capitalisation of more than $2.55 billion. It has a tad over 632.91 million shares outstanding.

The post Centuria Industrial REIT (ASX:CIP) share price lifts on valuation surge appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned.

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The BHP Group Ltd (ASX: BHP) share price is losing its grip this morning, slipping to the downside. Today’s move follows the Australian Competition and Consumer Commission (ACCC) announcing its verdict on Woodside Petroleum Limited‘s (ASX: WPL) proposed acquisition of BHP’s petroleum business.

In morning trade, the diversified mining giant’s shares are fetching $40.66, down 1%. The regulatory green light comes 23 days after the mega-merger was first announced.

Why did the ACCC give Woodside the green light?

Shareholders from both Woodside and BHP are one step closer to an amalgamated future today. Yet, looking at the BHP share price today, you wouldn’t think investors are too excited about it.

A media release from the ACCC states the corporate watchdog will not oppose Woodside’s proposed acquisition of BHP Petroleum and its oil and gas assets.

According to the release, the regulator carefully considered the potential impacts of the deal. Specifically, the supply of domestic natural gas in Western Australia. This is because the WA market is the only area where the two energy giants overlap. Whereas, all other customers are either offshore or in areas where the two do not coincide.

ACCC chair Rod Sims commented:

We found that post-acquisition, Woodside would continue to face competition from a range of suppliers of domestic gas, including major producers Chevron and Santos, and from several other smaller suppliers including Shell and ExxonMobil. Woodside’s share of domestic gas after the acquisition will be approximately 20 percent.

Due to the likely presence of reasonable competition, the Australian regulator has opted to allow the deal to proceed. Despite this development, the BHP share price is weakening as investors digest the news.

As the merger takes another step forward to solidifying, the ASX could soon count Woodside as a top 10 global independent energy company.

How has the BHP share price been tracking?

Investors in BHP have been riding a wave of increased volatility in the BHP share price since August. A cratering iron ore price has dragged the Australian mining company away from its 52-week high by approximately 25%. However, shares in BHP have been rebounding in recent weeks.

At present, the BHP share price is trading at a price-to-earnings (P/E) ratio of 13.2 times. For comparison, the Australian metals and mining industry average P/E ratio is around 15.2 times.

The post BHP (ASX:BHP) share price slips as ACCC gives all-clear for Woodside deal appeared first on The Motley Fool Australia.

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• 5 things to watch on the ASX 200 on Thursday
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Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Vicinity Centres (ASX: VCX) share price is in the green this morning after the company announced its preliminary asset valuations have come in $309 million higher.

The unaudited boost represents a 7 cent per share increase to the company’s book values as of 31 December 2021.

At the time of writing, the Vicinity Centres share price is $1.76, 1.73% higher than its previous closing price.

Let’s take a closer look at today’s news from the shopping centre-focused real estate investment trust (REIT).   

Vicinity Centres share price takes off on higher valuations

The increase in the company share price has likely thrilled many shareholders. Particularly, as the company’s valuations tumbled $181 million over the second half of financial year 2021.

That represented a 1.3% fall, driven by Victorian land tax and stamp duty increases, as well as COVID-19 impacts.

Today, the company announced that its assets’ values have seemingly been fortified by a strong capital transaction market and resilient underlying retail sector.

The $309 million preliminary increase represents a 2.2% uplift in book values. It also heralds a 13 basis point tightening of the weighted average capitalisation rate to 5.35%.

The valuations are still subject to finalisation and external auditor review. Any increase will be confirmed when the company releases its results for the first half of financial year 2022 in February.  

Vicinity Centres CEO and managing director, Grant Kelley commented on the news driving the company’s share price today, saying:

DFO valuations continue to grow as tightening capitalisation rates and income growth highlight the strength of our DFO portfolio … Vicinity is the market leader in the Outlet category…

Pleasingly, our CBD portfolio recorded a modest uplift in valuations over the period, supporting our view that the outlook for CBD retail is improving and these centres will return to their former vibrancy over time.

The post Here’s why the Vicinity Centres (ASX:VCX) share price is gaining today appeared first on The Motley Fool Australia.

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Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Telstra Corporation Ltd (ASX: TLS) has paid a $2.53 million penalty after a watchdog investigation found “large-scale breaches” that put customers in danger.

The Australian Communications and Media Authority (ACMA) revealed on Thursday that its enquiry found Telstra had:

• Failed to correctly upload an unlisted (silent) phone number to the Integrated Public Number Database (IPND) almost 50,000 times
• Failed to provide data or update the IPND for customers of its Belong brand in more than 65,000 instances

This meant that customers who chose to have their numbers not listed on public lists had their details exposed.

ACMA chair Nerida O’Loughlin was in no doubt that this jeopardised the safety of some Australians.

“When people request a silent number it is often for very important privacy and safety reasons, and we know that the publication of their details can have serious consequences,” she said.

Emergency services had wrong information

Incorrect information on the IPND also has serious consequences even for customers who don’t have silent phone numbers.

Triple Zero services use the database to locate callers in an emergency. The Emergency Alert Service also utilises the IPND to send out warnings for events like severe floods or bushfires.

Law enforcement bodies also access the database.

“The provision of these critical services can be hampered and lives put in danger if data is missing, wrong or out of date. It is alarming that Telstra could get this so wrong on such a large scale,” said O’Loughlin.

A Telstra spokesperson told The Motley Fool that the telco had accepted ACMA’s findings and paid the infringement notice.

“We have an obligation and responsibility to protect the privacy and safety of our customers – and we haven’t met our own high expectations or those of our customers,” the spokesperson said.

“We self-reported these issues to ACMA and took steps to correct them.”

While O’Loughlin agreed that Telstra had self-reported and quickly fixed the problem, it has a history.

“This is not Telstra’s only recent major breach of these rules, which is why the ACMA has taken this action.”

Telstra shares were up 0.12% in early trade on Thursday, changing hands for $4.105. They’ve gained more than 36% in value this year.

The post Telstra (ASX:TLS) pays huge fine for putting Australians in danger appeared first on The Motley Fool Australia.

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