Underperform: The street may not be appreciating the legal side. As the insurer could be on the hook for substantive, disputed COVID business interruption claims. Target cut to A$4.60 into COVID-19 Delta variant headlines and a seeming transition into a potentially broader market rout as the 2020 Tokyo Olympics begin. Last: A$4.85
Tabcorp (ASX: TAH ) Target A$3.80 Last A$3.08
Outperform; market capitalization chng, 6.3 to 7.7bln (+23%)
This wager has no substantive individuated thesis, other than the idea the percentage dividend yield, on paper, 5.8%, ought to come down as a function of possible price increases, where itself ever deeply cut, the world continues to spin, triumph of the optimists, what have you..
Brokerage platform summary blurb..
The Group has four operating segments namely Wagering and Media, Lotteries and Keno, Gaming Services and Sun Bets.
Disclosure:
2020/05/04 long A$3.10
2020/04/03 long A$2.55