For those that currently hold, it might be sound financial management to keep some cash in reserve if there is a dilutionary capital raising.
TAH debt is high, they have relied on a consistent revenue stream and perceived historical ebitda to gear the balance sheet.
The problem is that this debt has debt covenants. From memory it's 4x nd/ebitda. currently tracking on around 3.2. with the government lock downs and impacts on its various business divisions expect ebitda to be hit.
TAH might be able to avoid a capital raise but suspending the dividend for a year or so, but this would also belt this stock as TAH is primarily held as a stable dividend stock.
just a heads up.
I have used the current market rout to buy the other gambling stocks but have yet to buy TAH
because of this risk
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Last
72.5¢ |
Change
-0.015(2.03%) |
Mkt cap ! $1.657B | |||
| Open | High | Low | Value | Volume |
| 74.0¢ | 74.5¢ | 72.5¢ | $1.735M | 2.379M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 91691 | 72.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 72.5¢ | 31639 | 1 |
View Market Depth
| Last trade - 16.12pm 08/08/2025 (20 minute delay) ? |
| TAH (ASX) Chart |