TTS - Macquarie rates the stock as No Rating
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First half results were weak but better than Macquarie had forecast. Lotteries were impacted by fewer large jackpots and wagering as down due to adverse weather, increased commissions and the impact of inducement offers, which are still permitted in Queensland.
Management did not provide any FY17 guidance other than expectations for 19% capex. Macquarie's FY17 forecasts drop by -3.4% and FY18 by -2.5%.
Macquarie is currently on research restriction and provides no rating or target at this stage.
Sector: Consumer Services.
Current Price is $4.02. Target price not assessed.
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