On release of their last quarterly on the 28th of October, the stock went up circa 10%. $1.80 to $2. Since then it’s dropped on a frightened market and speculation most likely that they will follow PBH and burn endless capital to gain US market share. As they’ve mentioned previously their focus was on growing the Aussie business and gaining US market share by their own B2C model alongside, more importantly, working with mid tier casinos and white labelling their app to reduce customer acquisition capex. Now that the app is new and improved, if they gain more Aussie market share because of this, then the mid tiers will take them more seriously. Chair is 20 years plus in biz and management are ex-Aristocrat. Keen to see how these guys go over the next 12 months.
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- Ann: Details of Q2 FY22 Appendix 4C & Investor Presentation Call
Ann: Details of Q2 FY22 Appendix 4C & Investor Presentation Call, page-73
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Open | High | Low | Value | Volume |
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1 | 5708 | 0.175 |
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Price($) | Vol. | No. |
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