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cptcaveman

867 Posts.

16

03/09/24

10:38

Post #: 75502097
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Originally posted by The Meister: ↑

At what level does the market cap becomes irresistible to a takeover play?

Times have changed, and not for the better.
The wagering product is being heavily taxed at the point of sale.
Horse racing in NSW, TAH's major source of custom, is in decline for racing industry-centric reasons - with no immediate remedies on the horizon (kicking the can down the road at best).

On the positive however,
TAH has 19 years to run of its Victorian Licence plus all the remaining retail outlets.

At under a billion market cap, international wagering players, who could potentially generate serious synergy from these retail assets (but would be subject foreign ownership and in some cases ACCC scrutiny), are not the only potential suitors. Australia has a recent history of producing wagering entrepreneurs.

There is a "buy" argument ...but how to attempt to catch a falling knife?

Expand

Throw in a wild theory that Ol' Gill could have been brought in to assist in prettying it up for sale.

Hard not so see value at these prices.....but then again I said the same thing at 60c.

TAH Price at posting: 41.8¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 48.5¢		Change 0.015(3.19%)		Mkt cap ! $1.108B

Open	High	Low	Value	Volume
47.5¢	49.0¢	47.0¢	$1.570M	3.276M

Buyers (Bids)

No.	Vol.	Price($)
3	45846	48.0¢

Sellers (Offers)

Price($)	Vol.	No.
49.0¢	65982	1

View Market Depth

No.	Vol.	Price($)
3	45846	0.480
5	137177	0.475
12	327167	0.470
5	202955	0.465
10	206341	0.460

Price($)	Vol.	No.
0.490	65982	1
0.495	214576	8
0.500	235658	17
0.505	185531	7
0.510	165343	12

Last trade - 16.10pm 07/10/2024 (20 minute delay)

TAH (ASX) Chart