In my view JIN are one international deal away from the shareprice heading skywards towards the $1.00 mark, which as stated in a previous post is less than a P/E of 10 based on the recently announced NPAT result of $4.8Mil.
In the last 12months they have really been focusing on their international expansion plans by attending and exhibiting at many European and US conferences - they are very well known now and in the US many States are looking for options to get their budgets back on track so I wouldn't be surprised to see JIN sign a few deals once the legislation changes. Just on the US online gambling legislation - all the press is pointing to the US legalising online gambling before the end of the year.
JIN must be very confident about doing deals in the US as they have already set themselves up over there : Jumbo Lotteries USA Inc C/- Meltzer Lippe 190 Willis Avenue MINEOLA NEW YORK 11501 USA
IMHO the reason that they only announced a 0.05c dividend this time around and not a 1c dividend is they are anticipating needing setup cash once the US legalise online gambling - Wouldn't be at all surprised if they have a number US states ready to do a deal and are just waiting for the legislation to change.
JIN Price at posting:
32.5¢ Sentiment: ST Buy Disclosure: Held
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