Forum Archive Index - January 2001

["Peter Maiden" <pmaiden@xtra.co.nz>]

Hey Gerry - first an insurance co and now the TAB. Hope not trying to 'hedge' your investments at the TAB?

 

QBE didn't get through the 1000 barrier this week. Affected by a pretty average week for insurance companies on the ASX. Still stick to what I said about QBE last week.

 

TAB - the chart since floating (in mid 98) would say it is all down hill from here. However better picture looking at the 12 month chart. Pretty flat at 240 odd through to May but then started a fairly well defined upward trend. 350 seems to be its nemisis at the moment.  Quick reading (and visualisation) says TAB will continue to trade between current 320 and 340 for a couple of more months and then continue it's long term upward trend. Say about 430 near the end of the year.

 

Gerry - a good commentary you did a few weeks ago on TAB. In a market where those taking the bets can't really lose and with more options to the local punter and with globalisation (ie taking bets from USA residents etc as well as taking USA races for local punters) good revenue growth will continue. As a matter of interest since the Australia TAB started taking bets on the early NZ races been some significant increases in turnover - isn't this just giving the punter more opportunities while utilising your own assets (in a quiet time of the day for them) more?

 

Talking of global punting - pretty good web site they have. Puts the one the NZ TAB use to shame. Already opened an account and reinvested NZ won earnings on Shovoff in the Magic Millions this afternoon - Race 7 Gold Coast.

 

The power of the internet and credit cards!   

 

Good luck

 

Peter