JIN 0.19% $15.81 jumbo interactive limited

Mr Nosey,Started with 200K shares. Sold down quite a few in...

  1. 151 Posts.
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    Mr Nosey,

    Started with 200K shares. Sold down quite a few in recents years but dividends are still pretty substantial.

    Still plenty of upside for this business. But it must be noted that the core business always relies on Tatts renewing their licence to sell lottery tickets - I think it restricts what multiple you pay for the business(stock). That said, Jumbo is Tatts biggest customer, so it's hard to see Tatts ever not renewing.... but you never know. If Tatts had been smart, they would have taken them over a few years back.  

    sc100 
 
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