It's not the the retail entitlement causing the share price to drop.
It's very obvious most of this news has been priced into the stock, it doesn't take a rocket scientist to work that out.
This has to be the 10th time you have compared Draftkings to Pointsbet.. Pointsbet is not in the same league, your analysis can make any stock sound good. Pointsbet is aiming for 10% market share (and that's even a push).. Draftkings & FanDuel already hold 83% of the market.
Let's apply your analysis to the BNPL sector -
FXL = 508M market cap
APT = 20B market cap
Flexigroup looks very cheap and heaps of upside.. but you have left out the important part, it deserves this market cap due to various factors.
The market cap is earned via financial performance, market share, reputation and management.. Pointsbet hasn't proven any of this yet.. You don't just sign a deal that 4 other betting agencies already have and expect this to beat Draftkings.
Ann: PointsBet Launches in Illinois, page-8
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Last
86.0¢ |
Change
0.070(8.86%) |
Mkt cap ! $284.9M | |||
| Open | High | Low | Value | Volume |
| 77.0¢ | 86.3¢ | 75.5¢ | $1.553M | 1.887M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 101566 | 85.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 86.0¢ | 115630 | 4 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| PBH (ASX) Chart |