JIN 0.31% $16.05 jumbo interactive limited

Ann: Tabcorp 10 year agreement, page-43

  1. 523 Posts.
    lightbulb Created with Sketch. 156
    Going by FY19 numbers:
    the deal would have these effects (the $15m amortised at $1.5m):
    FY191.50%4.65%At 1 Bil TTV 4.65% At 500m TTV 4.65% At 435m TTV 4.65%
    1TTV3206593206593206591000000500000435000
    2REV65212652126521220336910168488465
    3GP6313363133631332012909960586386
    4OTHER193619361936260022002000
    5EXP268503166041761733505010047078
    6EBITDA4018833409233081305405170541309
    7NPBT3821929940198391270714823637840
    8NPAT264202095813888889493376526488

    If JIN get to $1 billion ticket sales, forget about it... even at 4.65% it's a ripper deal. At the max 4.65% clip, JIN need to grow ticket sales to ~$435m (or about 25% from FY20 TTV) to generate the same profit as FY19. At $500m TTV, JIN is already 30% ahead in terms of profit.

 
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