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Offline Peter Mair

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O.P. « 2020-Mar-24, 07:54 PM »


SILVER LININGS -- TABCORP SHARE PRICE

The prospect of 'addicted punters' confined to barracks to amuse themselves is a likely god-send to mid-week betting turnover and the Tabcorp share price

                            https://www.google.com/search?client=firefox-b-d&q=asx+Tabcorp

...............the way ahead will be illustrative....... it will be less destructive to most if TAB punters, betting online, remember that the minimum bet, on everything, is 50 CENTS.

....... you won't win ... the entertainment is about 'selecting and watching'  .......... bet little .......enjoy much.

On a per-hour basis, selecting and watching, is cost effective entertainment.


Offline wily ole dog

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« 2020-Mar-24, 09:01 PM Reply #1 »
Oh  :censored:  off.
You really are a self centred twat

Offline Peter Mair

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« 2020-Mar-24, 09:07 PM Reply #2 »




...... that senseless remark only reflects adversely on the not-wily one

Offline Peter Mair

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« 2020-Mar-24, 09:12 PM Reply #3 »


.............. do not forget ...... the minimum 'live', multi-bet, is ONE CENT provided the total wagered is 50 CENTS

Offline Antitab#

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« 2020-Mar-24, 10:52 PM Reply #4 »
You are so dumb its frightening.

Pubs and clubs are closed, NZ racing in the morning is gone, UK racing at night  is gone, all US sport is gone and basketball turns over more than the Australian football codes , now all Australian Sport is gone, TAB turnover will be down a minimum of 40%, probably more.

That should help share price.

Offline Jeunes

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« 2020-Mar-24, 11:37 PM Reply #5 »
You are so dumb its frightening.

Pubs and clubs are closed, NZ racing in the morning is gone, UK racing at night  is gone, all US sport is gone and basketball turns over more than the Australian football codes , now all Australian Sport is gone, TAB turnover will be down a minimum of 40%, probably more.

That should help share price.

It gets worse for them soon as many are upset that Racing can go on while there are many restrictions on other events.

Wait till the wedding people (5 limit) and funeral people (10 limit) find out about racing. Then there will be some more social media pressure on racing.

Heard E Games is the only sport to bet on at the moment.

Offline PoisonPen7

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« 2020-Mar-25, 11:59 AM Reply #6 »
The extra unemployment is a big problem for any gambling stocks.

Across Tabcorp's 5 product suites, it is hard to see any of them not being adversely affected.

Lotteries, Keno and Maxx are going to be affected badly by closures of venues and increased unemployment rates.

Sky probably doesn't make that much of a profit anyway but racing (minus crowds) looks safe for the Easter Carnival as racing wasn't mentioned by Morrison in last night's speech or the day before.

But the unemployment has to affect TAB and other wagering operators. Everything seems so quiet on the streets and in the shops. It would be some sort of miracle if TABCorp dodged a huge double digit hit to EBITDA.

TAH shares have hit a recent low of $2.09 after being as high as $4.99 recently. All the bad stuff would be fully factored into that price although in this market it would be a brave person to call the bottom.


Offline Arsenal

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« 2020-Apr-05, 10:17 AM Reply #7 »
https://www.tabcorp.com.au/investors/performance-summary


Quite a few transactions being reported Australian Super is active and is a major shareholder

Giddy Up :beer:

Online fours

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« 2020-Apr-05, 11:42 AM Reply #8 »
Arsenal,

Pools are way down compared to normal even though there is less racing to bet on.

Fours

Online fours

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« 2020-Apr-05, 02:42 PM Reply #9 »
More news for the TAB,

Some customers have had their accounts frozen after accepting quaddy cash out payments that were very very wrong and highly inflated in the customers favour.

TAB have referred to technical difficulties but I wonder if they were hacked or had a disgruntled employer do something. We are not talking about a decimal place error. here.

The PR problem for the TAB is that they have previously stated that they will pay out on errors made by them ..... which is fair enough if they insist you cop the effects of errors made by you..... ( flexi bet or not a common source ).

Doubt we will ever be told the nature of the technical difficulty.

Fours

Offline Villa

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« 2020-Apr-05, 05:16 PM Reply #10 »
Ive got a mate who went to cash out after the first three legs at Doomben yesterday ( $1.70 - $13 - $1.80 ) and expected the amount to be about $10. He was pleased to see $1,770 come up on his screen. The TAB have shut his account down. When he phoned up to find out why his account had been suspended, the guy on the TAB helpline asked him if he had cashed out at either Brisbane or Sydney yesterday (which he said yes), then told him this is why itís been shut down. He also told him that someone received a cash out payout over 160k.. Run boys, run!
« Last Edit: 2020-Apr-05, 06:02 PM by Villa »

Offline wily ole dog

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« 2020-Apr-05, 05:26 PM Reply #11 »
Holy shit😲

Offline arthur

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« 2020-Apr-05, 08:00 PM Reply #12 »
I'm only a bush lawyer . .

But if they made you an offer and you accepted  :chin:


Not like a situation where a bank mistakenly deposits money into your account, and you withdraw, knowing that you did not have that amount . .


. . . Is it???

PS . . Will never happen to me . . When I get 3 legs, it is never the first 3

Offline PoisonPen7

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« 2020-Apr-05, 08:14 PM Reply #13 »
https://www.tabcorp.com.au/investors/performance-summary


Quite a few transactions being reported Australian Super is active and is a major shareholder

Giddy Up :beer:


Not sure how long Australian Super will last on the books.

Talk tonight in financial circles is that the "self declared" darling Industry Super Funds are in a bit of strife.

Seems people have been going online and shifting their money into cash at an inflated unit price because the industry funds haven't been writing down the value of their non listed assets - like all those "green" projects they like to pour money into.

If there is a run on people doing the same thing then industry super funds like Australian Super will be forced to dump shares into a depressed market so they can have enough cash to meet the requirements of their superannuants i.e. actually move it into cash assets.

As we saw with toilet rolls recently, these things have a tendency to take on a life of their own.

At least their TABCorp assets are liquid. Try selling shares in a Windmill Farm into this market!!

Offline Arsenal

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« 2020-Apr-06, 07:20 PM Reply #14 »
Seeing there's been some discussion on the cash out debacle on Saturday Randwick and Doomben on this thread I'll take the opportunity to put up the Racenet story and the comments from the punting fraternity...obviously a legal issue depends on what the T&C's provide.

https://www.racenet.com.au/news/tab-glitch-results-in-huge-cash-out-offers-20200406


Giddy Up :beer:

Offline Peter Mair

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« 2020-Apr-06, 07:31 PM Reply #15 »

Nothing precipitate

Whatever the necessary write-downs of 'other' asset-values in industry-fund portfolios it has, apparently, been managed sensibly and smoothly.

Industry super-funds, and others, would have well-founded protocols in place for revaluing 'off-market' asset values to protect all members from the risk of 'under' or 'over' payouts to cold-feeters and speculators.

Offline Antitab#

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« 2020-Apr-07, 02:05 AM Reply #16 »
Spoke to some senior guys at the biggest corps over the weekend.

The three of them are flying, and have never seen it better even without Sport. People are home and have nowhere else to spend their money. Phrases like the TAB must be bleeding were thrown around.

I wonder if the TAB will be able to win their customers back post Corona or if the Sportsbet, Ladbrokes, Beteasy's will be able to keep them.  Will be interesting how it plays out but I would suggest Tabcorp must be concerned..


Offline arthur

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« 2020-Apr-07, 08:15 AM Reply #17 »
As would on course bookies . .

And the longer it goes the fewer the people who will return to the 'track'

Offline PoisonPen7

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« 2020-Apr-07, 10:15 AM Reply #18 »
TAB investigating quaddie cash out glitch



The TAB is investing a glitch that offered some customers inflated cash-out dividends for quadrellas on meetings at Randwick and Doomben.

More than 1300 customers took up an offer to cash out their investments in the ACT, NSW and Victoria on Saturday.

The quadrella involves picking the winners of four races designated by TAB with punters given the opportunity to take a lower dividend by cashing out after finding earlier winners.

The glitch was quickly discovered on Saturday with TAB working with affected customers to reconcile their accounts.

Adam Hamilton, head of media communications at Tabcorp, said while there had been some inflated offers, not all were excessive.

"As soon as we became aware of the issue after some of the the cash-out offers were made available on Saturday, a big team went into action to try and assess the magnitude of it, work out the number of customers involved," Hamilton told RSN927.

"Contact will be made with every customer involved and because there wasn't a standard offer made we've got to treat each particular case on its merits.

"We're immensely frustrated by the technical fault that was behind this and sorting out the problem is our absolute top priority.

"We've had a team working around the clock to try and fix it and ensure that customers are entitled to receive a payment to get those funds as soon as possible."

Hamilton said dealing with the amount of customers affected was taking time to work through as was the amount of information.

He said there had been a number of customers who had cashed out on their quadrella investments which then went on to be successful.

"If there has been reconciliation with those customers already and they say they would have gone on to get the quaddie, then we certainly intend on honouring that quaddie dividend," Hamilton said.



https://www.aapmegaform.com.au/news/article.aspx?article-id=508587&category=RN


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