The recent drop in Tabcorp shares provides a low risk entry level where future earnings are underpinned by the $110 million synergy cost savings after the Tatts merger.
The FY19 revenue is forecast to be $5.4billion, EBIT $850 milion, EPS, $0.28 and DPS $0.23, placing the stock on a forward yield of 4.9%, (fully franked).
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Our ALGO engine triggered a buy signal in TAH on February 13th at $4.47.
TAH shares have reached a high of $4.74 in early trade and we see the next resistance level near $4.90
TabCorp
