The company has stated repeatedly that they believe the best product will win. Their investment in Banach to deliver the best in-play betting experience, given they expect 75% of bets to be placed in-play, helps them achieve this goal.
Hence one cannot expect market share to be at 10% now if we're spending ~$25m/month on marketing vs >$100m for other players. You have to believe that product will win - via bets placed with Pointsbet or via an acquisition from another player. If you don't believe that, and aren't willing to stomach <10% share for the time being, this stock isn't for you.
PBH Charts, page-662
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Last
46.5¢ |
Change
0.005(1.09%) |
Mkt cap ! $152.8M | |||
| Open | High | Low | Value | Volume |
| 46.5¢ | 47.0¢ | 46.3¢ | $120.1K | 258.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6475 | 46.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.0¢ | 20000 | 1 |
View Market Depth
| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| PBH (ASX) Chart |