With Melbourne out of lockdown, you would have to think tomorrow would be a positive day for it. Cannot see many sellers tomorrow IMHO.
Still the FoxTel multimillion AUD losses problem, perhaps TLS can ask for some welfare to keep it running, you know, threaten to close FoxTel down, give the AFL, NRL, Cricket Australia, rugby and FFA to the wolves and the penniless Seven West if the Federal Government does not give it a huge subsidy and cash injection?
But with 5G, increase consumerism in Melbourne, Victoria and the rest of Australia, roaring 2020 to come, it seems hard to see how TLS can remain at such a lowball SP despite Penn’s management issues.
I think TLS will be back over $3 in no time IMHO but pls DYODD.
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