still unloved, page-3

Mr Willhay,

Are you still waiting for $2.55?

I have just bought more TTS shares with some of the dividends that I have received from other shares.

At $3.15, the historical P/E is 13.7. This is below the ASX 100 market average and way below the industry sector average. The historical P/E for TABCorp is 23.3 and is 26 for UniTAB.

The market has yet to revisit $3.06 for TTS, even with the October correction. If it does, I will buy more.

TTS is a gambling stock and is appropriate for gamblers, but with better odds than the lotteries and pokies.

Index funds will not buy TTS unless it enters the index. But there are some signs of institutional activity today with 4 trades of 100,000 shares each and another 3 with 50,000 shares each.

A week or two ago, one trade for over 1.1 million shares went through.