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Ann: PointsBet Launches in Illinois, page-9

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8horse

34,339 Posts.

9121

14/09/20

12:11

Post #: 47319374
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Originally posted by trader_1993 ↑

It's not the the retail entitlement causing the share price to drop.

It's very obvious most of this news has been priced into the stock, it doesn't take a rocket scientist to work that out.

This has to be the 10th time you have compared Draftkings to Pointsbet.. Pointsbet is not in the same league, your analysis can make any stock sound good. Pointsbet is aiming for 10% market share (and that's even a push).. Draftkings & FanDuel already hold 83% of the market.

Let's apply your analysis to the BNPL sector -

FXL = 508M market cap
APT = 20B market cap

Flexigroup looks very cheap and heaps of upside.. but you have left out the important part, it deserves this market cap due to various factors.

The market cap is earned via financial performance, market share, reputation and management.. Pointsbet hasn't proven any of this yet.. You don't just sign a deal that 4 other betting agencies already have and expect this to beat Draftkings.

Expand

FXL's BNPL is very small, and its BNPL services are not very good, its main business is traditional cards/finance with massive debt.
APT, is also hyped, doesn't seem to be able to generate profit in the foreseeable future.

Last edited by 8horse: 14/09/20

PBH Price at posting: $10.92 Sentiment: Buy Disclosure: Held
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(20min delay)
Last 70.0¢		Change 0.000(0.00%)		Mkt cap ! $231.9M

Open	High	Low	Value	Volume
70.0¢	71.0¢	67.8¢	$687.4K	992.0K

Buyers (Bids)

No.	Vol.	Price($)
1	31912	69.0¢

Sellers (Offers)

Price($)	Vol.	No.
70.0¢	16383	3

View Market Depth

No.	Vol.	Price($)
1	31912	0.690
3	21780	0.685
6	47160	0.680
2	46761	0.675
2	2955	0.670

Price($)	Vol.	No.
0.700	16383	3
0.705	13780	1
0.710	37161	3
0.720	16461	2
0.730	62524	4

Last trade - 16.10pm 30/09/2024 (20 minute delay)

PBH (ASX) Chart