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ASX:TLC

6 stories mentioning ASX:TLC

Every FINWIRES story that references ASX:TLC, newest first.

Asia

Lottery Bets on Digital Growth, Cost Discipline at Investor Day, Says Jefferies

Lottery's (ASX:TLC) investor day strategy centered on digital growth, cost discipline, and taking the company forward as a "digitally led entertainment platform," Jefferies said in a note on Wednesday.The company is targeting younger demographics and incremental revenue sources, particularly by strengthening digital engagement and scaling product penetration.The investment firm said Lottery appears to be getting more creative with digital initiatives in retail venues, including app redemptions, QR code interactions, and enhanced online retailer sign-ups and auto-renewals.Jefferies said that meaningful upside would require new revenue streams, which remain uncertain and upgraded its EPS estimates by 2% and 1% for fiscal 2026 and 2027, respectively.The brokerage maintained a hold rating and raised its price target to AU$5.70 from AU$5.60.

ASX:TLC
Asia

Lottery Lowers Fiscal Year 2026 Cost Outlook

Lottery (ASX:TLC) has narrowed its fiscal year 2026 operating expense guidance to AU$300 million to AU$310 million, down from AU$310 million to AU$320 million, while reaffirming capital expenditure of AU$90 to AU$100 million, according to a Wednesday filing with the Australian bourse.

ASX:TLC
Asia

Lottery's Victorian License Extension Structurally De-Risks the Business, Says Jarden

Lottery (ASX:TLC) has secured a 40-year extension of the Victorian Public Lottery License that structurally de-risks the business despite weighing on near-term earnings, Jarden said Wednesday in a note.The exclusive monopoly license, achieved through an upfront payment of AU$1.145 billion, compares with Jarden's prior assumption of AU$400 million for a 20-year renewal. The extension underpins long-term earnings visibility with stable cash flows, it added.The deal is expected to pressure near-term earnings, with a total NPAT headwind of roughly AU$47 million from higher financing costs, license amortization expenses, and the removal of online Keno revenue from 2027. However, the transition to an NPATA-based dividend policy should keep dividends broadly stable.The investment firm lowered its fiscal 2027 and 2028 NPAT projections by 13% and 16%, respectively.Jarden maintained its overweight rating and price target of AU$5.60.

ASX:TLC
Asia

The Lottery's Updated Dividend Framework Should Keep Leverage Within Range, Jefferies Says

The Lottery's (ASX:TLC) updated dividend framework should keep leverage within range, although higher NIC drag on cashflow sees limited improvement in dividend yield, Jefferies said in a note on Tuesday.It secured an agreement with the Victorian state government for a 40-year extension of the public lottery license. The license is extended to June 30, 2068, with the company paying an upfront premium of AU$1.15 billion to the state. The payment will be entirely made in the first half of fiscal year 2027.The analysts expect the firm's focus to be on organic growth opportunities, and it is likely to target additional revenue opportunities, such as portfolio enhancement, going forward.The investment firm retained a hold rating and cut the price target to AU$5.60 per share from AU$6 per share.

ASX:TLC
Asia

Lottery Secures Agreement for 40-Year License Extension

Lottery (ASX:TLC) secured an agreement with the Victorian State Government for a 40-year extension of the public lottery license, according to a Tuesday filing with the Australian bourse.The license is extended to June 30, 2068, with the company paying an upfront premium of AU$1.15 billion to the state, the filing said.Historically, the license has been offered on 10-year terms and was set to expire on June 30, 2028, per the filing.

ASX:TLC
Asia

ASX Midday Sector Update: Consumer Discretionary Stocks Gain, Energy Slides

Consumer discretionary stocks were rising 1% to lead gainers in midday trading Monday.Wesfarmers (ASX:WES) was advancing nearly 2% and Lottery Corp. (ALX:TLC) almost 1%.On the flip side, energy stocks were shedding almost 3% as oil prices gained amid renewed uncertainty surrounding the passage of ships through the Strait of Hormuz and a potential second round of talks between the US and Iran.Viva Energy Group (ASX:VEA) was down more than 5% after saying its fire-hit Geelong refinery is expected to produce diesel and jet fuel at about 80% of capacity and petrol at roughly 60% of capacity in the short term. The company also reported a 5.1% year-over-year increase in first-quarter sales volume.

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