tabcorp may lose market share.
but they have a long time to adjust and evolve.
they basically have a monoply on all horse racing in victoria still.
When people want to have a punt they go to the TAB.
in my opinion this is a very solid business that has gone through some tough times with horse flu an now this. i beleive tattersals will suffer more, and TABCORP are a better business due to sports bet, and horse racing.
i wouldn't be suprised that at current levels the PAcker clan come in and take a position.
there will be a lot of shorting on this stock. so watch for short covering.
i am going to accumulate a position in a stock that is returning 94 cents a share per year.
this is one the greatest australian business as far an income stock.
a lot of money comes in and out of tab corp. its impossible to pick a bottom.
but i dare say that given it was a friday!
given the market was down.
given the sentiment was poor
people wanted out for the weekend.
come monday there could be a sharp rise back to over $12.00 before we see more short term pain. thats potentially what could happen.
the volume today was large. and it traded in a pretty steady range. it was not overly volatile.
its a super annuation stock.
stick with it.
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Last
59.8¢ |
Change
0.003(0.42%) |
Mkt cap ! $1.364B |
Open | High | Low | Value | Volume |
60.0¢ | 60.5¢ | 59.5¢ | $321.3K | 535.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 82478 | 59.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
60.0¢ | 249506 | 37 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 78729 | 0.595 |
10 | 119927 | 0.590 |
9 | 102910 | 0.585 |
8 | 144725 | 0.580 |
3 | 32000 | 0.575 |
Price($) | Vol. | No. |
---|---|---|
0.600 | 247617 | 35 |
0.605 | 134642 | 13 |
0.610 | 123623 | 9 |
0.615 | 137706 | 6 |
0.620 | 115996 | 7 |
Last trade - 10.50am 15/08/2024 (20 minute delay) ? |
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