Tabcorp & The Lottery Co Spin-Off - Valuation Grids and Index Treatment

Event-Driven

366 Views, 17 May 2022 14:52

EXECUTIVE SUMMARY

Tabcorp Ltd (TAH AU) will soon spin out its Lottery and Keno business, to be called The Lottery Corp (TLC AU). TAH shares go ex-TLC on 24 May.
The question is where do they trade. What is in the price? What is not? What are the potential index implications?
This insight provides a grid of index implications and pro-forma valuations (EV/EBITDA, PER, Dividend Yield) for each and both and the combined entity.

detail (6-minute read)

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