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TAH - Tabcorp Holdings

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the 1st post of this thread mentions tah having a good october, prior to traditional v.good cup week - same again maybe. theres a bit of press now re:vic govt reluctance to disturb current pokies licences.
this sort of press versus the anti gambling movement are too often the catalist for changes in direction for tah.

closer to the election might see a new point of view.

post election though im expecting blue sky....$18 +
 
Hi son of baglimit

Have you any additional info on your 1800 +?

I'm actually a bit surprised how well this one held up this week
 
im assuming its holding up with speculation of what packers gonna do with his new billions - he would want tah's casinos, and while the ACCC might wanna say something about it, the packers have very big friends and would probably get the deal done.
ive heard wagering going very well (drought means no cancelled meetings) and as mentioned, anti gambling folk are being ignored in run up to vic govt elections.

GO TAH
 
while trying to find out whats behind recent TAH surge, found this from melb herald sun on 1/1/07

TABCORP is expected to learn within two weeks whether it can create a $10 billion mega-betting pool by merging its New South Wales and Victorian totes.

If the merger receives NSW Government approval, punters could have access to the combined totalisator pool in time for the Sydney autumn carnival.
"Pooling the NSW and Victorian TABs is close," Tabcorp supremo Robert Nason said.

"We have a proposal with Treasury and hope to hear something in the next two weeks. It could happen by March or April but that is only if we can get Government approval soon and agreement from the racing industry."

NSW TAB has the nation's largest totalisator betting with annual wagering turnover of more than $5.5 billion.

Victoria's SuperTAB pool includes TABs from Tasmania, the ACT and Western Australia, with a betting turnover of more than $4 billion annually.

The NSW Government has sought guarantees from Tabcorp that government and racing industry revenues will not fall if approval is granted.

The merger would provide much larger and more stable betting pools and help to stimulate punter interest with bigger dividends.

Opponents of the TAB merger say it wipes out competition between totes, taking away choice and betting options from punters.

It is understood Tabcorp has some alternative plans if the NSW Government still has concerns about pooling.

It may look to introduce trial pooling on one code only, or to introduce pooling on certain bet types such as trifectas.

Nason also confirmed Tabcorp should be in a position to co-pool with the New Zealand TAB in the next few weeks.
 
what a nice day......sure to generate a speeding ticket.

and what that reveals is the great mystery.

off market buyback for $350M - apparently

takeover by any number of parties - hopefully

struggling gaming stocks flavour of the month - doubt it
 
Came across this article yesterday, this whole scenario could have a flow on effect with either PBL or Mac bank.


SPECULATION Publishing and Broadcasting Ltd or Macquarie Bank could be lining up a consortium to take over the country's largest gambling group have sent Tabcorp shares soaring.

The shares closed more than 90c higher at $18 yesterday on rumours PBL and Macquarie were behind a series of large trades throughout the day that pushed volumes to double their normal levels.

In the past three weeks shares in Tabcorp, owner of Sydney's Star City casino, have surged 8 per cent.

Private equity raiders have also been touted as potential bidders for the wagering and gaming business, which recently saw its chief executive Matthew Slatter forced out the door. His removal came after he admitted the company faced a challenging year, with weak performances at its casinos and a blowout in costs resulting in first-half profit slumping 22 per cent to $224 million.

Talk of consolidation in the gaming sector has been helped by last month's announcement by PBL that it would buy a group of Canadian casinos in a $1.45 billion joint venture with Macquarie and last week's move by PBL to buy a stake in a yet-to-be built casino and hotel development in the US.

Tabcorp rival Tattersall's has also been raised as a potential target for raiders.

Tatt's has also teamed up with Macquarie Bank recently to take over UK gaming operator Talarius, which operates 197 gaming sites incorporating 9500 electronic gaming machines.

Fund manager Perpetual's head of Australian equities, John Sevior, said yesterday said he had not heard any news about the company but agreed there had been rumours about predators circling Tabcorp for months.

Tabcorp has the licence to operate half the slot machines in Victorian clubs and pubs, as well as the monopoly off-course tote wagering licence in the state.

As well as Sydney's Star City it owns three casinos in Queensland, the off-course tote in NSW and racing TV channel Sky.

PBL owns Crown Casino in Melbourne as well as Perth's Burswood, and is building two casinos in Macau as part of a joint venture with Hong Kong-based Melco, one of which is due to open next month.

PBL has been on the lookout for good gaming assets after generating $4.6 billion by spinning-off some of its media assets into a 50-50 joint venture company with a private equity group last October.

It has been raised as a potential new entrant to the NSW casino market if the state government agrees to allow a new entrant when Star City's exclusive licence expires in September.

Potential sites are either the northern NSW town of Tweed Heads, or the Hunter Valley.

UBS gaming analyst Sam Theodore yesterday said the likelihood of a second casino was "very limited". Instead, he said, the NSW authorities would probably increase gaming taxes or demand a hefty upfront payment to ensure Star City remains the state's exclusive casino.
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My theory is that PBL are preparing plans for a new casino in Sydney as Star City's 12 year exclusivity rights expire in September. By Acquiring a large share in TabCorp they will position themselves as the major players in the city and maintain a stranglehold on the local gaming market. It's no secret that James Packer sees the future of PBL in the gaming sector and this development adds further weight to this outlook.
 
TAH are strongly denying any takeover talk with either PBL or McBank. Price has gone from a high of 18 to 17.70's.

I was under the impression the price was being driven up with the talk of Ziggy becoming CEO ;-)

what i was also wondering was how former nswtab holders felt about seeing gains in a stock because they are a well run company, not because they are going to be taken over in a bidding war. surely TAB would still be in the $3.50 range if not for this years fight between TAH & UTB. former TAB's pls reply.
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The cash payout was good, but the ratio of TAB:TAH shares wasn't...maybe I should have bought more TAH when they were at the $10 mark...no point crying over spilled milk.

To be honest the only reason why I will hold onto my TAH stocks is because of the benefits card :)
 
Interesting juncture, could you possibly get more 'symmetric? I like how the i got a signal to go short and long on the same candle! lol!

Cheers,
 

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THE equine flu shutdown cost the NSW TAB $40 million in lost betting turnover yesterday and threatens to financially cripple the racing industry.

Interstate TABs and bookies nationwide lost more than $150 million as authorities cancelled all racing for the first time in memory.

The NSW TAB stood to lose $1 billion in betting turnover if the ban lasted for two months, Racing NSW chief executive Peter V'Landys said.

Yesterday's unprecedented cancellation of racing across Australia left NSW TABs and racetracks looking like ghost towns.

Punters had no races to bet on during the TAB's busiest period – Saturday afternoon – after a New Zealand gallops event at 12.10pm yesterday.
 
Yes going to be interesting to see how badly the market punishes Tabcorp for these unfortunate events!


THE equine flu shutdown cost the NSW TAB $40 million in lost betting turnover yesterday and threatens to financially cripple the racing industry.

Interstate TABs and bookies nationwide lost more than $150 million as authorities cancelled all racing for the first time in memory.
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http://www.news.com.au/business/story/0,23636,22309915-462,00.html
 
Buying opportunity in my opinion.

Temporary pain for long term gain.

6.2% dividend at current prices.

Those who picked up $15.10 on open yesterday would have also received the 47 cent dividend.

Long term winner.

If you cant beat the TAB, you might as well join it.

People are always going to gamble.
 
Late surge for TABCORP on low volume.

Bit of cash has been made on TAH lately.

Good trading ranges.

Dont know whether its a short considering the dividend is around 6.3% now...

Limited downside I would think....???
 
http://www.news.com.au/heraldsun/story/0,21985,22675551-664,00.html

Yesterday there was talk about Packer starting a second Casino in Sydney!!!!

Tabcorp's monopoly
October 31, 2007 12:00am

GAMING giant Tabcorp Holdings will remain the sole operator of a casino in New South Wales for the next 12 years.

The announcement came after Tabcorp agreed to pay the NSW government a $100 million up-front fee and higher taxes on casino revenue.

In return, Tabcorp will be allowed to make various product changes to help make its Star City casino in Sydney more attractive to gamblers.

The company also said the new deal gave it the certainty it needed to proceed with a $300 million refurbishment of Star City, which would include a new 300-room hotel and restaurant precinct.

Tabcorp will pay the $100 million fee in two $50 million tranches - one this financial year and in 2008-09.

It will also move to a new indexed tax regime based on revenue from table games and slot machines. The current average tax rate will lift from 24.1 per cent to 27.5 per cent in 2013.

Tabcorp shares were 16c higher at $15.28.
 
i am so so so so glad i got out last may at $18.70 - thought it was too good a price, and now benefitting.

theres so little mention of the fact they have lost the wagering licence too, but of course they can bid for it as its up for tender....but it WILL BE keenly sought by others too.

i hate to think of the trading when they reopen - if anyone gets broker updates please pass on their targets...thanks.
 
They are losing their Vic pokie license and probably the $600m the license is valued at on their balance sheet (how do you say extraordinary). Not good (if you own TAH). At least it's not for another 4 or so years.
 
dontknow said:
They are losing their Vic pokie license and probably the $600m the license is valued at on their balance sheet (how do you say extraordinary). Not good (if you own TAH). At least it's not for another 4 or so years.
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Geez... The amortisation of the licence will probably choke up their profit for the next 4 years unless the Vic Govt actually gives them something back for it. Personally, I don't think this will be the end, I would assume that Tabcorp will probably seek some form of compensation......

Pre the licence, Tabcorp is now probably trading at 13 - 15 times earnings, so fundamentally it may be attractive. But obviously a fair bit of technical damage when a stock goes down > 20%.... Good luck to long term holders her, nothing worse than waking up to something like this.

Cheers
 
They don't deserve a cent in compensation. They were running a duopoly given to them by the useless Joan Kirner.

It is good to see it getting fixed. There was always the risk they would lose this, we just thought the politicians would be corrupted by the massive amounts of money given to the party during elections and hiring of ex politicians. Brumby has done a good thing and I will have to rerate the man.
Love to see it occur in Tasmania with Gunns, unfortunately they have hopelessly corrupted the Liberal and Labour parties.
 
Knobby22 said:
They don't deserve a cent in compensation. They were running a duopoly given to them by the useless Joan Kirner.

It is good to see it getting fixed. There was always the risk they would lose this, we just thought the politicians would be corrupted by the massive amounts of money given to the party during elections and hiring of ex politicians. Brumby has done a good thing and I will have to rerate the man.
Love to see it occur in Tasmania with Gunns, unfortunately they have hopelessly corrupted the Liberal and Labour parties.
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Has my first post - i must agree with u their-

Its a good change-

how do they feel about droping 20+% in a day = ask the victims they have had for a while

Nick--
 
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