If JIN's technology forms the main interface for the mexican online lottery market then yes $6 or a 200m market cap is possible...
The question really is whether this actually can happen? I am sure Mexico is a 'competitive' market in that to operate a lot of value will need to be shared with local stakeholders.
But being on the ground floor will be great. Lotteries are a great way for governments to raise revenue and are very popular in South America. with JIN moving to focus on Latin America there is the chance for a lot of profit growth.
Sooner or later JIN is going to get taken over I think. Hopefully Later.
I've been in for a year now and am not free carried so I will probably not top up, but hopefully the growth story continues.
2013, page-23
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Last
$12.74 |
Change
0.220(1.76%) |
Mkt cap ! $799.4M | |||
| Open | High | Low | Value | Volume |
| $12.55 | $12.97 | $12.55 | $2.640M | 206.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 523 | $12.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.82 | 523 | 1 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| JIN (ASX) Chart |