What do Aussie fools think about TAB stocks? Are they likely to go up in the near future? Any ideas?
Good bet they will be stable and a continuing guaranteed dividends whether we are in a recession or not!Like all good dividend stocks the major players are interested to acquire around dividend time to secure a franked dividend and sell their acquisitions shortly thereafter. Shortly thereafter the demand is less and the price should dip - a gd time to buy!
hello therei particularly like tabcorp (ASX: TAB) as it has a duopoly over the licencing of poker machines in victoria with tatersalls. for this alone it is superior to NSW Tab, Qld Tab who must rely on wagering alone. As well Tabcorp now owns Star City (Sydney's Casino).lance
Think about Australians mate ! We bet on two flies crawling up the wall. I think the TAB is a medium term bet (Bad pun).
beware when using the strategy of purchasing a fully franked dividend paying share prior to the entitlement to the dividend as there is a tax requirement of holding the share for 45 days in order to get the benefit of the franking credit.
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