It’s been estimated that over $250 million was wagered on yesterday’s Melbourne Cup.
It’s reasonable to believe that many punters would have placed bets using one of the TAH platforms.
TAH has been an enigma for investors over the last three months as the share price has traded in a narrow $4.50 to $5.00 price band.
It’s worth remembering that TAH reported a 71% jump in earnings in their last update and is currently priced at a 4.60% yield.
TAH is part of our ASX top 100 portfolio and we suggest accumulating shares at current levels for a move back over $5.25 over the medium-term