TTS - Tatts Group Limited
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One of the better Ascending Triangles I've seen for some time. Volume is coming back in and rising OBV suggests the buyers are resuming control of the share price. A breakout of the 2.75 resistance could be interesting. Has a gap to fill at 3.50.
kam this has been on my watchlist for a while.
Not only is the triangle looking good but it has been in a trading range for about 8-9 months building a very good base after its dramatic fall in April, quite a bit of work has been done.
I will be trading this on a breakout and retest of the $2.75-$2.80 area or on a last point of support above that area.
Longer term target around $4.50 based on the trading range but shorter term target around $3.50.
Green lines are the triangle based on closing price
Not only is the triangle looking good but it has been in a trading range for about 8-9 months building a very good base after its dramatic fall in April, quite a bit of work has been done.
I will be trading this on a breakout and retest of the $2.75-$2.80 area or on a last point of support above that area.
Longer term target around $4.50 based on the trading range but shorter term target around $3.50.
Green lines are the triangle based on closing price
Attachments
Re: TTS - Tattersalls Limited Sale of NSW Lotteries Agreed
The NSW Treasurer has announced that agreement has been reached with the opposition Liberal Party to pass the leglisation for the sale of the NSW Lotteries.
Tatts Group (TTS) would be a major contender for bidding on the NSW lotteries business. The NSW Lotteries is so profitable that it used to support the operations of all the public hospitals in NSW. Now the NSW Lotteries revenue goes into consolidated revenue.
In the meantime Tatts is bidding for the Victoria wagering business and there will be significant news flow out about this in October.
Disclosure Position held
The NSW Treasurer has announced that agreement has been reached with the opposition Liberal Party to pass the leglisation for the sale of the NSW Lotteries.
Tatts Group (TTS) would be a major contender for bidding on the NSW lotteries business. The NSW Lotteries is so profitable that it used to support the operations of all the public hospitals in NSW. Now the NSW Lotteries revenue goes into consolidated revenue.
In the meantime Tatts is bidding for the Victoria wagering business and there will be significant news flow out about this in October.
Disclosure Position held
Re: TTS - Tattersalls Limited and the Pension Increase
The Australian Government has recently announced a significant increase in the pension rate.
It is likely that Gambling stocks may be benificiaries of the increase.
Those that may benefit are Tatts Group (TTS) which runs Lotto pokies etc.
There is also Tabcorp and Crown who may also benefit.
The Australian Government has recently announced a significant increase in the pension rate.
It is likely that Gambling stocks may be benificiaries of the increase.
Those that may benefit are Tatts Group (TTS) which runs Lotto pokies etc.
There is also Tabcorp and Crown who may also benefit.
Re: TTS - Tatts Group (TTS)
Today the company announced that it has been granted a four month extension of it's Victorian Gaming Operators licence from 14 April 2012 so that it will now expire on 15 August 2012.
I disclose that I own securities in Tatts Group.
Today the company announced that it has been granted a four month extension of it's Victorian Gaming Operators licence from 14 April 2012 so that it will now expire on 15 August 2012.
I disclose that I own securities in Tatts Group.
McCoy Pauley
Get out of here Budweiser!
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TTS announces that it will pay $850 million to acquire the NSW Lotteries business and its share price takes a tumble today. Currently down 14c (about 5.5%). Looks like the market thinks that TTS has overpaid for the business.
Yes, the consensus seems to be that the price should have been in the range of $600m - $700m.
http://www.theaustralian.com.au/bus...or-nsw-lotteries/story-e6frg98o-1225836125192
Knobby22
Mmmmmm 2nd breakfast
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There will be synergies, and lets face it, the CEO needs to keep his pay up, can't let the company get too small.
They would have been desperate to win this.
They would have been desperate to win this.
So_Cynical
The Contrarian Averager
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Tatts is an interesting stock, floated in 05 at 2.90 traded today at 2.35 and they don't seem to have done any large cap raisings in that whole time....they have a great divided history and claim to be able to maintain that going forward and to be able to fund the NSW lottery's purchase from cash and established debt facility's.
Sure they lost the Victorian pokies business and paid to much for NSW lotto, but they really had to make sure they won that bid so its somewhat understandable...and going forward there still lots of opportunity's in other states and the VIC Keno business etc etc.
And paying a gross divi of around 11% they do seem under valued for a stock with a cap of over 3 billion....these guys seem to be pretty good at what they do....thoughts anyone.
~
Sure they lost the Victorian pokies business and paid to much for NSW lotto, but they really had to make sure they won that bid so its somewhat understandable...and going forward there still lots of opportunity's in other states and the VIC Keno business etc etc.
And paying a gross divi of around 11% they do seem under valued for a stock with a cap of over 3 billion....these guys seem to be pretty good at what they do....thoughts anyone.
~
Attachments
They increased their bid by $150 million to take $200 million in unclaimed prizes which the NSW Government will still have responsibility for if it is claimed.
Good on the NSW Government looking after their own interests before the people of NSW.
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TTS - Analysis on chart
Country Lad
Off into the sunset
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Momentum has been increasingly stronger since it broke $3. I will hold till momentum weakens.
Cheers
Country Lad
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Country Lad
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Very interesting share, I own a bit of this stock bough it in the low 2"s
They have also bought SA logo as well and they are in the process of moving into Brisbane.
Brisbane is going to be Such a great oppurtunity,
Overheads will decrease, wages rent, assistance by government also lower gambling taxes
But also tatts sales are increasing
I have also just bought some YBR stocks
Any interest out there in Tatts at the moment? I'm looking at both them and TAH - highlights include:
- All major metrics are up (when stripping out sale of Pokies in VIC)
- Ventures in to online are doing well
- Overseas investments seem to be struggling a little
- Relatively high payout ratio for divedends
- Compensation from Vic Government pending
- Move in to SA
- Long licenses
The current P/E of 16 doesn't seem too bad (maybe it's the overzealous environment we are in!) and with a current yield of 6.1% this doesn't look too bad.
Is there a potential threat of government regulation/new players that are holding this back? Or is it fully priced?
- All major metrics are up (when stripping out sale of Pokies in VIC)
- Ventures in to online are doing well
- Overseas investments seem to be struggling a little
- Relatively high payout ratio for divedends
- Compensation from Vic Government pending
- Move in to SA
- Long licenses
The current P/E of 16 doesn't seem too bad (maybe it's the overzealous environment we are in!) and with a current yield of 6.1% this doesn't look too bad.
Is there a potential threat of government regulation/new players that are holding this back? Or is it fully priced?
Wysiwyg
Everyone wants money
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Pending no Government High Court appeal within 28 days, Tattersals should get a share price boost with a nice half billion dollar win against the government for a compensation claim.
skc
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I don't know... I think it's already been boosted back in late June.
Wysiwyg
Everyone wants money
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They should use it to pay down their debt which has blown out to 1.3bil. and costs 89mil. in interest per year.
TTS has basically completed it's almost 5 months sideways correction, which at this stage can be identified as a 3-3-5 Expanded Flat. At first I thought it would be a Triangle Scenario as Wave 4, but it never developed to the point where it's end can be identified.
The end of completed pattern also confirms a Daily RSI, which ended at the lower trendline, as usually most corrections do in an uptrend. Also, the recent decline almost touched the lower line of uptrend Channel.
The simplest way to label the advance would be 1-2-3-4, though internal subdivisions of wave 3 are not perfect.
This means that wave 5 is underway which must exceed the top of $4.20.
The internal subdivisions of the most recent sideways Correction are in the chart below-simple 3, followed by Expanding Triangle and simple 5.
Triangle itself already speaks that the decline that follows is terminal, and the internal subdivisions to todays bottom of $3.77 can already be counted as 5.
Note that the previous two smaller corrections has the similar form, so a probability that this one is a Fractal is high. Fractals combined with complete EW structure points to high probability setups.
It is also a good thing to do is to step back and look at the Big Picture, which somehow has a feel that the above labelling is too bearish. If connected the advance pivots, one can see a classic behaviour of the start of a Third wave- prices breakout from the First Wave Channel, and the Backtest that follows tests it from above. This behaviour also adds more confidence that the most recent Correction is Over. Both Scenarios point to the higher prices, and which one is in operation can be seen as waves develop in the future and what a broader market will do.
The main point is that the $3.80 is the price at which one must consider buying TTS.
To contain a risk I would say if the price drops to $3.70 and lingers here for a few days, it would be below the ascending Breakout level and the structure instantly becomes unclear-in this case it is better to bite a small loss than wait until market brings another opportunity.
The end of completed pattern also confirms a Daily RSI, which ended at the lower trendline, as usually most corrections do in an uptrend. Also, the recent decline almost touched the lower line of uptrend Channel.
The simplest way to label the advance would be 1-2-3-4, though internal subdivisions of wave 3 are not perfect.
This means that wave 5 is underway which must exceed the top of $4.20.
The internal subdivisions of the most recent sideways Correction are in the chart below-simple 3, followed by Expanding Triangle and simple 5.
Triangle itself already speaks that the decline that follows is terminal, and the internal subdivisions to todays bottom of $3.77 can already be counted as 5.
Note that the previous two smaller corrections has the similar form, so a probability that this one is a Fractal is high. Fractals combined with complete EW structure points to high probability setups.
It is also a good thing to do is to step back and look at the Big Picture, which somehow has a feel that the above labelling is too bearish. If connected the advance pivots, one can see a classic behaviour of the start of a Third wave- prices breakout from the First Wave Channel, and the Backtest that follows tests it from above. This behaviour also adds more confidence that the most recent Correction is Over. Both Scenarios point to the higher prices, and which one is in operation can be seen as waves develop in the future and what a broader market will do.
The main point is that the $3.80 is the price at which one must consider buying TTS.
To contain a risk I would say if the price drops to $3.70 and lingers here for a few days, it would be below the ascending Breakout level and the structure instantly becomes unclear-in this case it is better to bite a small loss than wait until market brings another opportunity.
