GET Excited BETalians!!!!!, page-1087

@woomp001 - g'day!!

Thanks for posting your thoughts on the recent BET 4C - it's always good to get different / conflicting opinions.

You mentioned this in your post (in bold below):

"Well, they went from 2806 to 6091, but the revenue grew by a very similar amount.

For me the real key is to reflect on the fact that pm&oc's for ALL of FY21 were 34% or revenue. (7479/21971)

In FY22Q1, they were actually less, at 29% (6091/20953)

So that goes completely against what you just said really, and again, is one of the key reasons for weakness in the stock".


The fact that the product manufacturing & operating costs came in lower for Q1FY22 (at 29%) than the previous year (which was 34%) was actually one of the real positives that I took out of the latest BET 4C quarterly.

It told me that BET's overall gross profit margin would more than likely be considerably better after the Sportech acquisition - and a significantly improved gross profit margin will be brilliant for this business as it really cranks up the revenues.

I agree that it was a little surprising that there was a Nett Operating funds outflow of $1.494m for this quarter (I thought it might be break even this quarter with a full contribution from Sportech), but I suspect management have spend quite a few dollars in preparation for fixed odds etc coming on board.

Spending money to prepare for what is inevitably coming

IMO it's been an great opportunity over the past few weeks to top up - and I have taken that opportunity.

Obviously time will tell if this was the right move!!