Don't hate on me but I did warn it was a very weak bounce through $1 on this news. Reality is that it was a great name to get but no earnings accretion, only promises and a bucketload of dilution/free shares/options associated with the transaction.
Also, $50m of insto shares settling tomorrow and being released for trade on Wednesday at 70c. You don't think they will clip a very nice 30% in the space of a week? In the very least, lighten their position? With the market starting to come off in spec land and volume across the bourse looking very wobbly, I will wait.
Is a great company but an incredibly risky buy here.
IMO DYOR
Ann: Matt Tripp leads $75m strategic placement into BetMakers, page-191
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Last
8.0¢ |
Change
-0.003(3.61%) |
Mkt cap ! $77.60M | |||
| Open | High | Low | Value | Volume |
| 8.1¢ | 8.3¢ | 8.0¢ | $130.7K | 1.601M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 313779 | 8.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.3¢ | 392621 | 2 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| BET (ASX) Chart |