JIN 0.53% $17.00 jumbo interactive limited

Still an awful lot of cash on the balance sheet. They probably...

  1. 151 Posts.
    lightbulb Created with Sketch. 17
    Still an awful lot of cash on the balance sheet. They probably had 20+ million in cash prior to Tatts chipping in 15 million. 15 cent special with 50 million shares on issue is $7.5million payed out. Maybe they still have 30+ million in cash sitting around if they've generated a bit in the last half year. $9million franking credit balance.
    Either this stock is going to get taken out by Tatts(once they sort out their merger) or it's going to become a cash machine for investors. Either way suits me fine.
    Oz Lotto jackpot currently sitting at $40million - big jackpots mean big sales for Jumbo so should be a nice start to the year as well.
 
watchlist Created with Sketch. Add JIN (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.