With $420m in cash, a US Business growing at 100% p.a no debt and mkt cap of only A$690m won't be long before the $5 party is happening again. It's US competition Draftkings (DKNG.US) has a US$10bn mkt cap and not growing as fast in the USA or has PBH tech. Take over price by LVS or any number of operators would be well over $5.00. The business is only valued at $290m.....insane vs Draftking $10bn. Picked up a few yesterday and will add over coming weeks. Was $3.30 when market last at similar levels.
With $420m in cash, a US Business growing at 100% p.a no debt...
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