Much of the recent reporting on TAH has been focused on the growth in wagering revenues, in general, and the potential boost during the soccer world cup, specifically.
However, a recent report has shed light on the revenue contributions from the Tatts Lotto side of the business. With pool growth expected to rise 4.1% over the remainder of 2018, we see this as a net positive for the share price.
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At the current price of $4.50, TAH is trading at 15.2 X earnings and 22% below the target price of $5.50 per share.
Our ALGO engine triggered a buy signal for TAH on April 4th at $4.22 and the stock was added to our model portfolio on February 12th at $4.52.
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