Losing the retail asset/s must reduce costs, but it means everything hinges on the regulatory approval of the B2B model for the Global Tote to succeed.
At the current share price I think it’s worth the punt, but it will be a long road back to 50c after the way they have burned holders of late.
They need cashflow positive ASAP now, because there is no more trust from the market without that regulatory nod.
If Ladbrokes, Neds and others (?) are pooled into GT, then TBH is cheap. If not, it’s as good as dead.
I hope you know what you are doing Todd.. or at least can communicate to the market as to "why?"
TBH Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
