We paid less for Sportstech then what they are asking for and Sportech writes 500+ % more revenue. Mind you Sportech was the deal of the century.
Sounds like they're dressing it up for an IPO to make some $ of the back of the success these betting companies have had of recent.
Funny they all love to mention how they are going to crack the US and work that angle in their pitches. Saying one thing is easy. How the hell they intend to do it is another whole story.
BET has earnt a growth premium due to its rapid expansion. Still has its work cut out and holders want to see results on these fixed odds finally crossing the line. Price slippage due to delays is fair in my mind.
Numbers which matter the most though are revenue and EBITDA. Both of these will be very strong this qtr. Think Funds want to possibly see it to believe it.
BET chart, page-1032
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Last
10.0¢ |
Change
0.009(9.89%) |
Mkt cap ! $97.01M | |||
| Open | High | Low | Value | Volume |
| 9.1¢ | 10.3¢ | 9.1¢ | $1.476M | 15.18M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 9.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.0¢ | 426559 | 1 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| BET (ASX) Chart |