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
-0.015(3.13%) |
Mkt cap ! $151.3M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 49.0¢ | 46.0¢ | $431.9K | 913.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 19447 | 46.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.0¢ | 14044 | 3 |
View Market Depth
| Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
| PBH (ASX) Chart |