I am a client of Morgan Stanley.
this is the up to date opinion of Morgan Stanley re TTS.
TTS reporting on 25/02/2010.
We are forecasting 1H10E Core NPAT of $161m. Group
revenue is expected to increase 4.9% in FY10E driven by
sales growth in wagering, gaming and lotteries. We
forecast positive gaming revenue growth of 4% in
FY10E, although we may be marginally too high, with
Victorian NMR growth of only 0.49% to October in FY10E.
Lottery revenue is likely to be up on the pcp (we forecast
+4.5%).
FF div anticipated to be 10 - 11c.
please DYOR...all the best :-))
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