In the meantime, the sum of the parts is worth more than the parts, so we'll see a healthy rerating. I'm thinking back to the pre-GFC values of $6 to $7. There is no sound basis for this other than some financial metrics are better than then (interest cover, ROI) . Others are worse (earnings, cash flow, book value, operating margin). Considerable work needs to be done to ensure the worse metrics improve through the integration of the two companies.
The biggest hit on value between then and now is the emergence of many more betting agencies. That wont go away. With a critical mass, the new enlarged TAH has at least a chance of competing.
In the meantime, the sum of the parts is worth more than the...
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Last
43.5¢ |
Change
-0.020(4.40%) |
Mkt cap ! $993.3M | |||
| Open | High | Low | Value | Volume |
| 44.5¢ | 45.0¢ | 43.5¢ | $5.319M | 12.10M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 520110 | 43.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.5¢ | 215345 | 2 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| TAH (ASX) Chart |