Tatts Delivers a Solid Start to Fiscal 2018, Albeit Cycling Against a Weak Comparable
Tatts is off to a strong start to fiscal 2018 with first-quarter revenue and EBITDA increasing by 7% and 10%, respectively. The lotteries division was the key driver of the improvement, despite cycling against a weak comparable. Despite tracking marginally ahead of our expectations, the impact on our intrinsic value is negligible. We maintain our Tatts and Tabcorp fair value estimates of AUD 3.80 and AUD 4.20 per share, respectively. At current prices, we believe shares in both companies are sli...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.