insights on ebet, page-10

Like some previous posters, I was concerned with the tax ratio of nearly 50% of profit before tax.

The only explanation in the report was "other non-allowable items".

I was in contact with the company for an explanation.

Apparently it was to do with the Odyssey transaction and the allocation of EBT shares as part of that deal, therefore a one off rather than something that would have an ongoing impact on EBT's profit.

The rest of the report was nothing but good news with an increase in gross margins a pleasant surprise.

Guidance for the following year would have been a bonus.

Interesting to see if anyone has the conviction to take out the 1m shares on offer at 6c.