If JIN's technology forms the main interface for the mexican online lottery market then yes $6 or a 200m market cap is possible...
The question really is whether this actually can happen? I am sure Mexico is a 'competitive' market in that to operate a lot of value will need to be shared with local stakeholders.
But being on the ground floor will be great. Lotteries are a great way for governments to raise revenue and are very popular in South America. with JIN moving to focus on Latin America there is the chance for a lot of profit growth.
Sooner or later JIN is going to get taken over I think. Hopefully Later.
I've been in for a year now and am not free carried so I will probably not top up, but hopefully the growth story continues.
2013, page-23
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Last
$13.63 |
Change
0.230(1.72%) |
Mkt cap ! $851.9M | |||
| Open | High | Low | Value | Volume |
| $13.37 | $13.66 | $13.37 | $268.1K | 19.76K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 537 | $13.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.65 | 7727 | 3 |
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| Last trade - 12.52pm 09/10/2024 (20 minute delay) ? |
| JIN (ASX) Chart |