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http://www.gamblershelp.org/?pu003d147Gambling news to 15 July 2008 (by: admin)
The companies’ stocks did not rally following reports of the possible merger yesterday. At 2:00pm on Monday Tabcorp shares were trading at $9.56 while Tatts Corp shares traded at $2.39. ...
http://vixtrade.com/2008/07/14/this-bud%E2%80%99s-for-you/This Bud’s for you (by: unknown)
Santander said it was offering 1 of its shares for every three Au0026L shares, plus a cash dividend of 18 pence per share. The deal values Au0026L stock at 317p, compared with a 12-month high of 1170 pence. Au0026L shares soared 54 percent to 338 ...
http://www.businessspectator.com.au/bs.nsf/Article/Barclays-buys-54m-Tapcorp-shares-GD5S6Barclays buys 5.4m Tabcorp shares (by: unknown)
Barclays buys 5.4m Tabcorp shares... 09 Jul 2008 17:52 PM.
http://www.businessspectator.com.au/bs.nsf/Article/Barclays-buys-5m-Tabcorp-shares-GCBNFBarclays buys 5m Tabcorp shares (by: unknown)
Barclays buys 5m Tabcorp shares... 08 Jul 2008 17:47 PM.
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No definitions found for tabcorp shares.
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Questions & Answers
What should i do with my tabcorp shares??
@qaa_question
Good question. I have some myself and bought them at around $17. Since then I've seen them steadily decline and now this!
Apart from having to operate within a government framework, Tabcorp performs badly for other reasons. I think their management is too overly focused on accounting and not on the customer. Gaming after all is a customer focused/ service oriented business. The refurbishments of places like Jupiters and Taberet outlets has been (I believe) a kneejerk reaction to the punters voting with their feet. For example, who wants to fight to get onto a blackjack table? Who wants to wait ten minutes for a machine attentant to organise their payout? Tabcorp have stretched things too far, concentrating on the bottom line and not the customers. I'm sick of this lazy management always blaming outside factors....perhaps if they were better managers, and genuinely commited to responsible gaming, todays decision may not have gone this way.
As long as they maintain their dividends around what they've been doing I'll be happy....but somehow I think this might be a tall order. In effect today's decision is a get out of jail free card for current management.
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