Last week we mentioned that shares of TAH had reached overbought levels in the $5.75 area.
The share price has dropped 5 days straight and is now approaching the buy zone at $5.30.
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We expect the synergy between TabCorp and Tatts to enrich the value of the company and believe TAH is a reasonable addition to investor portfolios for 2018.
TAH will go ex-dividend on February 7th for 12.5 cents per share. At $5.30 per share, this pencils out to a 4.7% yield.
TabCorp
