TTS - Tatts Group Limited
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"Mystery bidder signals twist in the Talarius tale
28 November 2006
The deal in which Australia's Tattersall's is buying the largest UK adult gaming centre operator, Talarius, may not be conclusive. On Friday, a late bidder signalled his approach by buying six million Talarius shares, although he has yet to be identified, and no counter offer had been put on the table by this morning.
It was recently confirmed that a bid for Talarius - which has nearly 200 Quicksilver centres in the UK - had been made by a joint venture controlled by the Australian lottery operator and the Macquarie Bank.
The offer was 270p a share in cash, valuing the business at £137.2m, and would represent the first European purchase for Tattersall's, which took a 10 per cent stake in Talarius at the end of last year.
Talarius CEO Nick Harding said that one of the contributing factors to shareholders' decision to sell was due to the forthcoming introduction of a smoking ban in the UK, which he said would lead to 'choppy waters' in the business in 2007. He and his management team would be staying under the terms of the deal.
The floating of Talarius in April 2005 saw shares initially sold at 80p each.
The mystery bidder may be Irish bookmaker Paddy Power, according to some speculation in the national press."
http://www.intergame.ltd.uk/News001.aspx?Action=-617781463&ID=d198f519-3ec8-4883-b6b4-88e6218e1c80
28 November 2006
The deal in which Australia's Tattersall's is buying the largest UK adult gaming centre operator, Talarius, may not be conclusive. On Friday, a late bidder signalled his approach by buying six million Talarius shares, although he has yet to be identified, and no counter offer had been put on the table by this morning.
It was recently confirmed that a bid for Talarius - which has nearly 200 Quicksilver centres in the UK - had been made by a joint venture controlled by the Australian lottery operator and the Macquarie Bank.
The offer was 270p a share in cash, valuing the business at £137.2m, and would represent the first European purchase for Tattersall's, which took a 10 per cent stake in Talarius at the end of last year.
Talarius CEO Nick Harding said that one of the contributing factors to shareholders' decision to sell was due to the forthcoming introduction of a smoking ban in the UK, which he said would lead to 'choppy waters' in the business in 2007. He and his management team would be staying under the terms of the deal.
The floating of Talarius in April 2005 saw shares initially sold at 80p each.
The mystery bidder may be Irish bookmaker Paddy Power, according to some speculation in the national press."
http://www.intergame.ltd.uk/News001.aspx?Action=-617781463&ID=d198f519-3ec8-4883-b6b4-88e6218e1c80
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Anyone heard anything about a current court case involving this stock?
Knobby22
Mmmmmm 2nd breakfast
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I know the daughter of one of the guys sueing.
They are clever and I am sure they will get some cash but things have not been going their way lately. They were offered a settlement and refused. Quite an interesting case.
They are clever and I am sure they will get some cash but things have not been going their way lately. They were offered a settlement and refused. Quite an interesting case.
settlement reached 19/4/07 paying trustees $16 million + $2 million legals for trustees of estate of george adams (tatts founder) to cease legal action seeking commissions. $71.4 million was put aside when tatts floated so remaining $50 million+ reported as profit and a special dividend of 4 cents fully framnked will be recorded on 14 sept 2007 and paid with final dividend.
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Last week or so the SP took a small hammering (Vic govt increased pokie tax) but notice today a director bought 20M worth of stock, on market trade, obviously sees it as a cheap buy with recent retracement - maybe another bumper profit to report soon (last was 54% up).
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Hi Ta. Do you know the history of this stock?
Until 2 years ago, this company was a private trust (it only launched in July 2005 at about $3) - so it is very young as a stock - see attached graph. Given that its business is wholly in the gaming/gambling sector AND Australians' love for that activity, I think it is safe to presume that it has a very bright future.
I agree with b_b_bum that it could be considered cheap - from a blue-chip perspective.
Until 2 years ago, this company was a private trust (it only launched in July 2005 at about $3) - so it is very young as a stock - see attached graph. Given that its business is wholly in the gaming/gambling sector AND Australians' love for that activity, I think it is safe to presume that it has a very bright future.
I agree with b_b_bum that it could be considered cheap - from a blue-chip perspective.
Attachments
If I want to invest in med-long term. May I ask where is the competitive edge of this company? I can not see why it has better future than UTB, not to mention the international gambling company.
The P/E right now 23.62 compared with the sector average 18.03 is a not cheap company.
If we assume the profit is going to increase dramatically this year. and invest in short term, May I ask where the profit from?
The only very strong indicator is the director bought a lot and it is a fairly new company and suppose to have a long way to go.
So if I can understand where the competitive edge or where the short term profit from. I may invest some into this.
The P/E right now 23.62 compared with the sector average 18.03 is a not cheap company.
If we assume the profit is going to increase dramatically this year. and invest in short term, May I ask where the profit from?
The only very strong indicator is the director bought a lot and it is a fairly new company and suppose to have a long way to go.
So if I can understand where the competitive edge or where the short term profit from. I may invest some into this.
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TTS listed as one of the top 10 shares to own long-term (with least perceived risk) in last weekend's Sunday Telegraph money section.
TTS listed in preference to Tabcorp, as it has less risk of government intervention regarding its gaming licences.
Also in the gaming sector, Aristocrat (ALL) also named as a top 10 share to own long term with their current push into Japan.
TTS listed in preference to Tabcorp, as it has less risk of government intervention regarding its gaming licences.
Also in the gaming sector, Aristocrat (ALL) also named as a top 10 share to own long term with their current push into Japan.
GreatPig
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Nice to see a definate break above the Bollingers this morning - nudging $5.00. Let's hope this is the beginning of an ongoing movement.
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Not sure about the effect, Nibbo.
From my rather quick look over the recent Annual report, I think only 17% of it comes from Wagering (admittedly this is in QLD) - which I presume is related to the horsies.
The rest is mainly from the pokie machines (52%) and Lotto (22%).
Correct me if I'm wrong about this. I agree the equine flu had an impact on the share price, so maybe it will work the other way.
For those that don't know, Tattersalls Limited has been renamed to Tatts Group.
See below http://www.tattsgroup.com/
Shareholders support Tattersall's Limited name change
Shareholders at this year's Annual General Meeting voted in favour of a name change from Tattersall's Limited to Tatts Group Limited. As a result, a new logo has been created for the Group and a new Tatts Group corporate website has been developed. To view the new website, click here.
Cheers
SevenFX
See below http://www.tattsgroup.com/
Shareholders support Tattersall's Limited name change
Shareholders at this year's Annual General Meeting voted in favour of a name change from Tattersall's Limited to Tatts Group Limited. As a result, a new logo has been created for the Group and a new Tatts Group corporate website has been developed. To view the new website, click here.
Cheers
SevenFX
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In Trading halt pending the State Govt's ending of the poker machine duopoly held by Tatts & Tabcorp. (see Age article today: http://business.theage.com.au/tabcorp-tatts-lose-poker-machine-duopoly/20080410-251y.html)
What views on the outcomes? Both have other gaming interests, I guess.
Holding both
What views on the outcomes? Both have other gaming interests, I guess.
Holding both
I'm a Unitab holder from the float up here in Qld. Merging with Tatt's last year has been a complete waste. Unitab would have been better as a standalone. Now Tatt's biggest asset is unitab and tatts pokies wasn't worth having!
Hindsight is a wonderful thing.
Hindsight is a wonderful thing.
