Tabcorp Holdings Ltd (TAH) $0.48
TAH was whacked 15% on Wednesday after delivering an FY24 earnings miss and weak guidance that it expects soft market conditions to continue. There were some positives, such as the company securing a new 20-year Victorian Wagering and Betting Licence and progress in upgrading its retail venues. Still, these were outweighed by the company's struggles in the digital space, with revenue down 2.2% for the year. TAH still looks and feels like an old-fashioned “dinosaur-like” business falling ever further behind in the growth area of its marketplace.