29/08/2024 09:42

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.

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11/07/2024 09:21

Tabcorp Holdings Ltd (TAH) 70c

TAH has halved from its 2023 high, but this gaming business is starting to present some value, although cost-of-living pressures remain. TAH has advanced over recent weeks following an approach to the NSW government with an indicative proposal to make tax and regulatory changes to the wagering sector that would alter the way funding flows to the racing industry.

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18/07/2023 09:26

Tabcorp Holdings Ltd (TAH) $1.135

We find it hard to like TAH at current levels, especially after their recent investor day flagged a more challenging trading year ahead due to the likes of cost-of-living pressures and regulatory scrutiny, the latter has already been discussed earlier. This is a classic case of a solid business at the wrong price and an expected yield of sub 3% over the next 12 months adds to the argument to prefer cash over TAH at current levels. We like TAH but the risk/reward above $1.10 is not appealing.

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11/07/2023 09:13

Tabcorp Holdings Ltd (TAH) $1.085

TAH or “The Tab” as its better known has been a strong performer post-COVID but has drifted since its positive trading update out in February with a lack of further updates to show if the momentum had been maintained.

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17/03/2022 09:06

Tabcorp Holdings Ltd (TAH) $5.05

TAH shares have enjoyed an excellent 2-years and they remain resilient helped by a solid half-year result delivered last month i.e. Lotteries & Keno revenue surged 10.9% although COVID caused wagering and media revenue to fall a similar 9.8%. The net result through difficult times was the group revenue increased 2.2% to $2.9bn, however the quandary for us comes from the stocks strong performance over the past...

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27/04/2021 16:53

Tabcorp (TAH) $5.00

TAH +4.17%: shares in the betting company were higher today on a revised bid for the wagering & media unit

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