TAH 1.01% 50.0¢ tabcorp holdings limited

demerger value

  1. 171 Posts.
    Hi. Any thoughts on the value of TAH post de-merger. Obviously the market is factoring in a big value drop with the demerger, but is the current market price a gross devaluation? Working purely from EBITDA etc, Tabcorp delivers more value than Echo (by a factor of around 2:1), so should we expect TAH to return to around 2/3 of its previous SP? If so, it is a bargain at the current price. I have not researched this terribly well (only have a minor holding of TAH), so would appreciate any comments to rectify my thinking!
 
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50.0¢ 51.0¢ 49.0¢ $1.508M 3.003M

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