Bluebet Holdings Ltd (ASX: BBT)The first small cap ASX share to look at is sports betting company, Bluebet.It’s fair to say that 2022 has not been kind to the Bluebet share price. A selloff of sports betting shares globally has led to its shares losing almost 50% of their value since the turn of the year.While this is disappointing, the team at Morgans remains positive and appears to see this a buying opportunity for long term focused investors. It currently has an add rating and $1.60 price target on its shares.It commented: “BBT has materially de-rated (FY22 EV/Revenue of 1.6x) in recent months as online sports betting (OSB) peers have come under significant valuation pressure. We remain confident that BBT will retain a disciplined approach in its dual track growth strategy and think this differentiated model will support a re-rating as a track record is established.”
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So keep the faith guys there is no way sullivan would have spent $750,000 buying more shares at like 67c if he though BBT would go broke, we might not get back to $2.50 anytime soon, but it can easily get back over $1 again very quickly when the tide turns.
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Last
20.0¢ |
Change
-0.005(2.44%) |
Mkt cap ! $112.3M |
Open | High | Low | Value | Volume |
19.5¢ | 20.0¢ | 19.5¢ | $1.868K | 9.507K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 3716 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 466 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 3716 | 0.195 |
3 | 247070 | 0.185 |
1 | 222 | 0.170 |
2 | 6876 | 0.165 |
2 | 21250 | 0.160 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 466 | 1 |
0.205 | 31491 | 1 |
0.210 | 184165 | 3 |
0.220 | 183733 | 3 |
0.230 | 33400 | 2 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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