JIN 1.18% $16.36 jumbo interactive limited

Ann: 2011 Preliminary Final Report results , page-10

  1. 1,427 Posts.
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    The Beerguy view

    NSW lotteries contract not renewed now ownership has changed. Tatts will buy the Jin client base hence the commentary re value of the customer base. An early warning shot that Tatts are not getting it for nicks.

    Jin's future is OS. The future all depends on ability to compete in those markets as they open up.

    Probably close to the cheapest stock on the ASX on a P/E measurement basis however without diversification it comes to an end in a couple of years.

    Plenty of time to crack other markets and financial resources to do so.

    I still find it interesting that with earnings per share 10cents + a whopping big divi wasn't announced. Veverka would be smiling all the way to the bank with his holding by say 5 cents per share divi.

    He is the one with the most to gain.
 
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