RTG_1981, TAB is a bit more complicated than that.
Big losses were from Casinos, dont know how exchanges will impact on that?... Purely this is bad management imo, TTS results really tell the story.
Personally I would class this as a sell and watch for 6 months.
Slatter wants 2 years support.... rofl... maybe 3 months is more appropriate.
Management are saying that they are going to stop with the takeovers and get back to organic growth, it really remains to be seen if they can do this...
Matthew Slatter has brought in many new players (plus old mates) and they really have not shown the skills in developing this company. As Goblin might say, they have NFI..
Macrae's post also alludes to the fact that they may also have trouble trying to sell this to their own staff, do not be surprised to see an exodus of middle management when they realise they cant deliver.. imo.
We have sold 92% of holdings and am seriously considering selling the rest.
No advice here... just opinion.
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