{"id":53331,"date":"2014-06-26T02:37:37","date_gmt":"2014-06-26T06:37:37","guid":{"rendered":"http:\/\/countingpips.com\/?p=53331"},"modified":"2014-06-26T02:37:37","modified_gmt":"2014-06-26T06:37:37","slug":"why-the-tabcorp-holdings-ltd-share-price-took-off-today","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/06\/why-the-tabcorp-holdings-ltd-share-price-took-off-today\/","title":{"rendered":"Why the Tabcorp Holdings Ltd Share Price Took off Today"},"content":{"rendered":"
June 26, 2014<\/div>
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By MoneyMorning.com.au<\/u><\/a><\/p>\n

What Happened to the Tabcorp Holdings Share Price?<\/h2>\n

Shares in gaming and wagering company Tabcorp Holdings Ltd [ASX:TAH]<\/strong> soared by more than 6% today, outpacing a buoyant Australian market. Tabcorp is now trading near the top of the range in which it has been bound for most of the past eight months.<\/p>\n

Why Did This Happen to TAH Shares?<\/h2>\n

Tabcorp is suing the State of Victoria for compensation it says is due after its gaming license expired. The company is seeking close to $700 million as a license fee refund.<\/p>\n

This morning Tabcorp announced that the Supreme Court of Victoria would deliver its judgement on the case at 4:30pm today.<\/p>\n

Investors clearly believe the finding will be favourable for Tabcorp. The market has bid up TAH shares to add more than $150 million to the company\u2019s market capitalisation today.<\/p>\n

What Now For Tabcorp Holdings Ltd?<\/h2>\n

It\u2019s good news for shareholders that the market is pricing in a favourable court ruling for Tabcorp. But investors should be aware that a less-than-favourable ruling this afternoon will likely see the shares fall hard on the opening bell tomorrow.<\/p>

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This stock\u2019s trading may be volatile in the near term. But regardless of today\u2019s court outcome, Tabcorp will continue to be a formidable force in the Australian gambling industry. <\/p>\n

The shares still offer a reasonable dividend yield that\u2019s well north of bank savings rates, and the FIFA World Cup in Brazil can only have provided Tabcorp with a boost in activity. All of that makes Tabcorp shares a reasonable proposition at these levels.<\/p>\n

Tim Dohrmann+<\/a>
\n Small-Cap Analyst, Money Morning<\/em><\/strong><\/p>\n

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\n<\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n


\nBy MoneyMorning.com.au<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By MoneyMorning.com.au What Happened to the Tabcorp Holdings Share Price? Shares in gaming and wagering company Tabcorp Holdings Ltd [ASX:TAH] soared by more than 6% today, outpacing a buoyant Australian market. Tabcorp is now trading near the top of the range in which it has been bound for most of the past eight months. Why […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-53331","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/53331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=53331"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/53331\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=53331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=53331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=53331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}