Why not? They are 2 years in to a 5 year journey, made significant ground, building market awareness in the U.S and have over $600mil in cash. The share price is also the lowest it's been since the NBC deal.
One quarter of lower market share and it's all over? Have you considered a number of punters may have temporarily gone to ceasers or another bookmaker with huge promos? We could be looking at transitory factors. At the end of the day all that matters is that punters return to PBH in the future. If they get anywhere near 10% this company will be worth multiples of what it is today. They have 600mil and an a-list of celebrities to pull as levers for growth.
It's wayyyyyy to early to be having doubt right now.
Ann: Q1 FY22 Appendix 4C and Trading Update, page-179
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Last
67.0¢ |
Change
0.010(1.52%) |
Mkt cap ! $220.3M | |||
| Open | High | Low | Value | Volume |
| 67.0¢ | 67.5¢ | 66.3¢ | $73.64K | 110.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 45683 | 67.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 67.5¢ | 5090 | 9 |
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| Last trade - 11.59am 17/10/2024 (20 minute delay) ? |
| PBH (ASX) Chart |