Tabcorp Holdings (TAH): Well positioned to deliver against it's targets
Tabcorp Holdings (TAH): Well positioned to deliver against it's targets. Today TAH revealed it's interim profit was up 22%, as well as announcing a special dividend and capital raising. Divisional EBIT: Wagering up 11% to $130.7m, Gaming up 1% to $20.3m, Keno up 4.7% to $27.0 m. Net operating cash flow down 11% to $165.8m. In addition to the interim dividend of 10 cents per share, TAH also announced a fully franked special dividend of 30.0 cents. This special dividend will be funded via a 1-for-12 renounceable entitlement offer @ $3.70 per share to raise $236m. Our Neutral rating is likely to be retained. Read more here (VIEW LINK)
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.
Stockbroker
Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.
Expertise
Stockbroker
Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.
Expertise
Comments
Comments
Sign In or Join Free to comment
most popular
Equities
The critical mineral no one's watching (and our #1 ASX small cap pick)
Seneca Financial Solutions
Equities
Buy Hold Sell: The best and worst performers of FY25
Livewire Markets
Equities
Buy Hold Sell: 5 ASX disruptors taking on the giants
Livewire Markets