Tabcorp

[rooboy_07]

demerger planned for july next year.

I already have shares with them and they are now offering me more at a cheaper price to help them fund growth opportunities and create appropriate capital structures.

Just want some opinions from others if they were in my position. should I buy more or not?

I am new to the ball game so still catching up on a fair few things as my old man left me these shares so others opinions on this would be helpful.

cheers guys.

 

[DaftPunk]

demerger planned for july next year.

I already have shares with them and they are now offering me more at a cheaper price to help them fund growth opportunities and create appropriate capital structures.

Just want some opinions from others if they were in my position. should I buy more or not?

I am new to the ball game so still catching up on a fair few things as my old man left me these shares so others opinions on this would be helpful.

cheers guys.

I can't say I know a whole lot about TabCorp, but most offerings for larger companies like this are good opportunites, especially as the market was positive about the demerger.

Having a quick look at the chart, share price has sat around $6.50 for a few years, after highs of $18.55 pre GFC.

But as they say DYOR

 

[Selective Retention]

Their Victorian totalisator license ends in 2012. Not sure how the negotiations are going with that and how bigger percentage that is of their operating activity.

 

[Colin D'Cops]

Hope Tabcorp get that licence thing again, top organisation.

Clearly no bias there, seeing as I'm an employee.

 

[Sir Punter]

What will the demerger involve?

 

[yeah_nah]

i work for tabcorp at jupiters casino

i wouldnt touch their shares

ever since they took over all they worry about is cutting hours and closing tables and bars to force patrons out

they arent very profit orientated thats for sure

That seems like it is profit orientated though?

No point in keeping your business open for an extra few hours if in those hours you're losing money

 

[morgoth]

Whats their business post 2012?

Some casino's now having to compete against Macau and Singapore and a totaliser that they have to bid for and will be forced to pay up for. There has been specualtion that post demerger someone will make a play for the casino's.

Like Telstra very hard to assess what their business will be in 3 years time so you either beleive in the industry, back management or avoid it.

 

[yeah_nah]

not profitable when they close high limit tables at midnight and force bigger punters to sit with the nosebleeders on the $10BJ's

How do you know if its profitable or not to do that?

Shut down a few high limit tables and they lose a few gamblers sure, but they are also cutting down on Wages. A few gamblers go to the $10 limit table to bet, but can also still bet big if they wish.

I seriously doubt a Casino would do something like that without have done their due diligence first.

 

[Octavia]

How do you know if its profitable or not to do that?

Shut down a few high limit tables and they lose a few gamblers sure, but they are also cutting down on Wages. A few gamblers go to the $10 limit table to bet, but can also still bet big if they wish.

I seriously doubt a Casino would do something like that without have done their due diligence first.

I suppose you'd know...
i didnt know you spoke the gospel

 

[Fire]

I sold them due to their debt and lowered credit rating.

They have gone up a tad since I sold them, but I didn't want to be in them going forward.

High risk high reward IMO. IT may suit you but I woudln't get sucked in by cheap prices alone.