TTS tatts group limited

rbs morgans downgrades tatts group earnings

  1. 210 Posts.
    On the basis that in general Victorian gambling revenues were down 5 percent in the 4 months to April and the effects of the stimulus have worn off RBS Morgans has downgraded Tatts Group earnings on 2 June 2010.

    RBS Morgans now expect a dividend of 18.1 cents for f/y 2010 down from 21 cents in the previous financial year. Target price is down to $2.43 from $2.44. The recommendation is hold.

    RBS Morgans reported net profit is expected to be $255.9 million in f/y 2010 down from $277.4 million in the previous financial year.

    RBS Morgans see better value in CWN and TAH.

    Always seek independent financial advice before acting on buying or selling securities.
 
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