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Tabcorp – Algo Sell Signal

TAH reports their 1H19 result Wed 13 Feb. With stock now under Algo Engine sell conditions, we’ve taken a more cautious positioning ahead of the earnings release.

The stock looks fair value at 12x FY19 and 11x FY20 earnings. FY20 EPS growth of 8% places TAH on a forward yield of 4.6%

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FY20 revenue $5.5bn and EBITDA $1.14mn.

Technical resistance between $4.70 and $4.90.

 

 

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