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 :-))
TTS Price at posting:
$2.30 Sentiment: Buy Disclosure: Held