Over the last two weeks, shares of TAH have been trading in a narrow 15 cent range between $4.60 and $4.75.
It’s likely that this indecision pattern is due to the upcoming FY 2018 earnings report scheduled for August 8th.
This will be the first report which will include the combined Tatt’s and Tabcorp earnings data.
A recent broker note suggests that the the merged entities will have at least $130 million of synergy savings and has upgraded the stock to “overweight” with a target of $5.20.
Our ALGO engine triggered a buy signal on TAH on April 5th at $4.27 and the stock is included in our ASX Top 100 portfolio.