Credit Suisse - downgrade to underperform from neutral - target price $6.50
The company has announced an agreement with NBCUniversal, to be funded by scrip and options which Credit Suisse asserts actually turns PointsBet into an option.The market commitment , at US$393m over five years, is so large that the company is unlikely to deliver operating earnings in the US until at least FY25.Given the power of NBCUniversal, if PointsBet can demonstrate revenue that covers the new costs investors are likely to focus on revenue for valuation purposes, in the broker's view.Credit Suisse downgrades to Underperform from Neutral. Target is $6.50.
Credit Suisse - downgrade to underperform from neutral - target...
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Last
47.0¢ |
Change
0.005(1.08%) |
Mkt cap ! $154.4M | |||
| Open | High | Low | Value | Volume |
| 47.0¢ | 47.5¢ | 46.5¢ | $238.0K | 506.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 69664 | 46.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.0¢ | 7499 | 1 |
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| PBH (ASX) Chart |