Brendan Lau was a big supporter of EBT's when he was at Eureka, before it multi-bagged
His latest thoughts on EBT are pretty positive:
http://www.**promotion blocked**.au...ited-ebet-limited-2-gaming-stocks-to-buy-now/
"eBet is experiencing strong growth in Victoria (its traditionally focused on New South Wales and Queensland) and management is tipping an up to 60% increase in pre-tax profit of between $5.5 million to $5.8 million for the current financial year ending June 30, 2015.
That is well ahead of my forecast of $4.5 million, and if I upgrade the profit number to the bottom end of the guidance range, my discounted cash flow (DCF) valuation jumps to $4.71 from $4.55 a share.
The stock surged 9.5% to $3.70 and is trading on an undemanding P/E of around 14x based on my estimates.
The P/E will drop to just 11.6x in 2015-16 and that makes eBet a good punt in my books."
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