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
68.0¢ |
Change
-0.015(2.16%) |
Mkt cap ! $1.552B |
Open | High | Low | Value | Volume |
69.5¢ | 69.5¢ | 67.5¢ | $8.410M | 12.32M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 162242 | 68.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
68.5¢ | 23102 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 162242 | 0.680 |
2 | 6898 | 0.675 |
21 | 661364 | 0.670 |
5 | 52846 | 0.665 |
7 | 90169 | 0.660 |
Price($) | Vol. | No. |
---|---|---|
0.685 | 23102 | 2 |
0.690 | 154501 | 4 |
0.695 | 182151 | 7 |
0.700 | 193635 | 15 |
0.705 | 306340 | 6 |
Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
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TAH (ASX) Chart |