Tabcorp reports its 1H19 result on 13 February 2019. Consensus forecasts are looking for an EBITDA number between $580 – $600 for the 6 month period. This will represent 12%+ growth on the same time last year.
We have TAH trading on an FY19 yield of 5.2%.
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The technical structure in TAH moved into a lower high formation and an Algo Engine sell signal was formed. Our strategy is to hold TAH through to the result.
If we see higher prices next week we’ll consider using a derivative strategy to lock-in returns and protect against the downside.
