I hold a lot of PBH shares but I am worried. Acouple of brokers I know have dumped that stock saying competition and margins are too intense and tight. They have valuations sub $9 and will buy in at below 7. The Motley Fool now also doesn't like the stock and says it will take many years for the price to appreciate.
Abuse me, call me an idiot but Ill be talking a whacking loss when I sell I don't like the risk of this stock anymore. I like their technology especially with live betting but I understand most states will allow betting singles etc but not live. Therefore PBH would have to find other markets. Its going to be a long high risk road for this stock and as others have rightly said and its a pertinent point, the marketing spend and freebies will never go down even for online gaming. Good luck to holders and DYOR. If you think I'm chicken liken then so be it but its a sell from me,
News: PBH Pointsbet Holdings Raises A$215.1 Mln At A$10.00 Per Share In Placement, page-2
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Last
45.5¢ |
Change
-0.010(2.15%) |
Mkt cap ! $148.1M | |||
| Open | High | Low | Value | Volume |
| 46.5¢ | 46.5¢ | 45.5¢ | $84.84K | 184.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 47224 | 45.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.0¢ | 27087 | 1 |
View Market Depth
| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| PBH (ASX) Chart |