Tag: TAH
TAH – Credit Suisse rates the stock as Outperform
Outperform retained. Target rises to $1.30 from $1.25.
Read MoreWinners and Losers in NSW / Queensland Budgets
Budget tax moves have seen coal miners up in arms about a rise in royalties in Queensland, but Tabcorp is happy about the NSW Government’s changes to gambling taxes.
Read MoreTAH – Credit Suisse rates the stock as Outperform
The rating is upgraded to Outperform from Neutral and the target price increases to $6.20 from $5.70.
Read MoreTabcorp Lotteries Demerger Rolls On
Tabcorp has revealed more detail on its plans to demerge its lotteries and Keno businesses, with the new entity to debut on the ASX on May 24 if the split is approved by investors.
Read MoreTabcorp Shareholders to Foot Demerger Bill
Shareholders in gambling giant Tabcorp face a bill in the hundreds of millions of dollars for the company’s management’s desire to demerge its lotteries and Keno businesses from wagering and media.
Read MoreDid Tabcorp Miss the Jump with Entain?
Did Tabcorp miss the bid for its betting businesses when it decided in July not to talk to a number of interested parties and instead put its Lotteries and Keno business on the block in a demerger deal?
Read MoreTabcorp Faces Facts, Plans Spinoff
Tabcorp has finally accepted that its Tatts merger has been a capital-wasting dud by confirming it will spin-off its lotteries and Keno business and list it as a new company on the ASX.
Read MoreDiscourse from the Bourse
A fair bit going on at the moment, here are a few developing stories from over the weekend we thought you might like updates on, involving PEXA / LNK, ING, SHV, TAH and FMG.
Read MoreTAH – Morgans rates the stock as Hold
The target rises to $5.11 from $4.04 and the rating of Hold is unchanged.
Read MoreOdds Shortening on Entain Success with Tabcorp Bid
The chances have improved for Entain to grab control of Tabcorp’s bookmaking and media division after it sweetened its original $3 billion offer with an additional $500 million.
Read MoreEntain Ticks Up Tabcorp Bid
UK punting giant Entain has lifted its offer for Tabcorp’s bookmaking and media division by half a billion dollars, taking the new price to $3.5 billion.
Read MoreTAH – Credit Suisse rates the stock as Upgrade to Outperform
Rating is upgraded to Outperform from Neutral and the target increased to $5.70 from $4.60.
Read MoreTabcorp Says “No, Tah” to Entain Offer
Shares in Tabcorp dipped 2.7% to $4.69 yesterday after the company rejected an approach from UK gambling group Entain on the basis that it was was too low to accept.
Read MoreCashflows Stay Strong During COVID-19
The positive results from core shareholdings for 2021 FY reiterate why Investors Mutual invests in good quality, well-established businesses which produce real cashflows, earnings, and dividends.
Read MorePressure Mounts on Tabcorp as Profits Fall
Yesterday’s half-year results provided a solid hint as to what lies behind Tabcorp’s current popularity, with a 7% slide in profit despite a surge in online betting and growth in its lotteries business.
Read MoreTabcorp Laying-Off Its Bets?
Shares in Tabcorp jumped to an 11-month high of $4.58 yesterday as the company confirmed that multiple parties have shown interest in its underperforming wagering business.
Read MoreTAH – UBS rates the stock as Buy
UBS notes media speculation suggesting multiple offers for Tabcorp Holdings with one of the consortiums interested in the entire business while the other is interested in the wagering business.
Read MoreCOVID Crushes Gaming Stocks As Tabcorp, Crown Revenues Tumble
Coronavirus has, for the time being, driven the destruction of profits at the country’s gambling giants, as reports from Tabcorp and Crown resorts confirmed. Tabcorp revealed an $870 million net loss, while the James Packer dominated Crown Resorts also saw its performance whacked lower by the pandemic and subsequent lockdowns and travel restrictions.
Read MoreHeavy Writedown Leads Tabcorp’s Unwanted Trifecta
Tabcorp yesterday revealed an unwanted trifecta of big write-downs, falling profits, and a miserable outlook thanks to COVID-19 and the renewed lockdowns, especially in Victoria.
Read MoreMore Debt Relief At Tabcorp
A fortnight after revealing it had won a deal from its Australian bankers by dropping its final dividend for 2020, Tabcorp’s offshore bondholders controlling $2.1 billion of debt, have done a similar deal.
Read MoreTAH – Citi rates the stock as Reinstate Coverage with Sell
Tabcorp is facing a challenging year, cycling a fortunate run of lottery jackpots amid wagering retail venue closures and an uncertain outlook for sports betting.
Read MoreTabcorp Punts Dividend In Wake Of New Debt Deal
Tabcorp will not pay a dividend this year as part of an agreement with its banks to ease pressure on its finances by waiving its debt covenants until the end of 2020.
Read MoreTAH – Credit Suisse rates the stock as Downgrade to Neutral from Outperform
Credit Suisse downgrades to Neutral from Outperform. The share price has rallied 45% since the trough and is now approaching the broker’s target. Target is $3.20.
Read MoreTAH – UBS rates the stock as Buy
Tabcorp’s gambling offerings are materially impacted by pub/club closures, the broker notes. Lottery ticket impact at newsagents is unclear in the lockdown. Can racing (80% of wagering) continue with everything else suspended? How much offset can be gleaned from increased online activity?
Read MoreTAH – Credit Suisse rates the stock as Outperform
Credit Suisse suspects the company may need equity of $500m, although it acknowledges it does not have a liquidity issue.
Read MoreMore Companies Shutdown Guidance In Wake Of New Restrictions
More and more companies are battening down the hatches as the coronavirus banks and crackdowns escalate. Property developer Stockland, gambling and gaming giant Tabcorp, and health insurance firm NIB are among the latest to mothball earnings guidance while Ardent Leisure and Village Roadshow have shut their Gold Coast theme parks.
Read MoreGood And Bad News For Value Investors
Despite the prevalence of bad news stories and a sea of red across stock screens, Perpetual’s Anthony Aboud argues it’s not all bad news.
Read MoreTAH – UBS rates the stock as Buy
Tabcorp’s result missed the broker at the headline but the detail within the numbers was positive.
Read MoreTabcorp Back In The Black
As a result capable of showing us how the merger with Tatts is going, the 2017-18 figures from Tabcorp was next to useless.
Read More‘Unsatisfactory’ UK Arm Weighs On Tabcorp
Tabcorp shares fell nearly 7% yesterday after releasing a less than stellar first half result.
Read MoreTabcorp Divests Pokies Business To Smooth Way For Merger
So much for the hairy chested suggestion last month from Tabcorp (TAH) that it would run off to the Australian Competition Tribunal to try and by pass that nasty Australian Competition and Consumer Commission which wants the company to sell off its Queensland poker machine monitory business as a condition before approving the $11 billion merger with rival gaming group, Tatts (TTS).
Read MoreLegal Battles Hit Tabcorp Profit
A wary reception from investors to the first-half results from gambling and wagering giant Tabcorp (TAH).
Read MoreDigital Bets Pay Off For Tabcorp
Tabcorp’s digital-betting business has recorded strong growth, but the company’s full-year profit was hit by the cost of defending legal proceedings and its new UK joint venture Sun Bets.
Read MoreTabcorp Profit Up 14.7%
Wagering group Tabcorp (TAH) could have done with some of the earnings oomph from its one time stablemate Echo Entertainment (EGP) in the year to June.
Read MoreTabcorp Promises Dividend Lift For 2015
Gambling group Tabcorp (TAH) has lifted its full year profit 3%, despite a slide in revenue, but is forecasting a small lift in dividends in the 2015 financial year.
Read MoreTabcorp Posts Weak Result
Australians don’t seem to be gambling as much, judging by the interim results of Echo Entertainment (EGP) on Wednesday and its former stablemate, Tabcorp (TAH), yesterday.
Read MoreUpdates: Tabcorp’s 3rd Revenues Up
Gambling giant Tabcorp Holdings yesterday has reported a 5.4% rise in normalised net revenue for the March quarter.
Read MoreResults: Market Tick For Tabcorp Interim
Gaming company Tabcorp Holdings has posted half-year net profit up 2.9% on the first half of 2009-10.
Read MoreSplits: Tabcorp, A Split, Issue And CEO To Go
So, expect Tabcorp Holdings to come under speculative pressure from punters tipping some corporate action after yesterday’s big announcement of a demerger, capital raising and the departure of the CEO.
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