The ACCC precedent is to lose in the ACT which augurs well for TAH and TTS. AGL knows how to win there in the Macquarie Generation case. Mind you, that decision was not delayed. Remembering. Rob Sims was a former Bob Hawke staffer and ALP appointee, the current opposition in Australia.
A win for the ACCC would be a turn up for the cards and may require Commonwealth legislation to overturn the decision and bring commercial realism back into Australia. Otherwise, after 25-26 years, there could be a nasty depression in Australia IMHO.
On the English bookmakers, LCL and WMH are haemorrhaging SP so the day of a takeover of either TAH or TTS or SGR is perhaps closer. MQG looks a bit better since bank levy times and the PEGs seem to be the only ones travelling to Australia at the moment, summer in the States and over in London must be too hot for them. Perhaps a TTS or TAH bid is imminent.
TTS Price at posting:
$4.12 Sentiment: Buy Disclosure: Held
