well if they want cut costs they should look at the board bit top heavy imo.
but you can see where this all headed with the huge debt large shares on issue and the need to
increase or maintain divis as we head into some headwinds and control the debt.
i think they will have no choice but to divest the tts business to the highest bidder pay down debt concentrate and invest in their core business of wagering on racing
they should exit sun loss making business.
tts stakeholders got good deal 5.17 pshare and net 26.5c divis ie. if you invested in tts in the early days.
pt 4.40
Ann: Half year results presentation, page-15
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