@woomp001 - g'day!!
Thanks for posting your thoughts on the recent BET 4C - it's always good to get different / conflicting opinions.
You mentioned this in your post (in bold below):
"Well, they went from 2806 to 6091, but the revenue grew by a very similar amount.
For me the real key is to reflect on the fact that pm&oc's for ALL of FY21 were 34% or revenue. (7479/21971)
In FY22Q1, they were actually less, at 29% (6091/20953)
So that goes completely against what you just said really, and again, is one of the key reasons for weakness in the stock".
The fact that the product manufacturing & operating costs came in lower for Q1FY22 (at 29%) than the previous year (which was 34%) was actually one of the real positives that I took out of the latest BET 4C quarterly.
It told me that BET's overall gross profit margin would more than likely be considerably better after the Sportech acquisition - and a significantly improved gross profit margin will be brilliant for this business as it really cranks up the revenues.
I agree that it was a little surprising that there was a Nett Operating funds outflow of $1.494m for this quarter (I thought it might be break even this quarter with a full contribution from Sportech), but I suspect management have spend quite a few dollars in preparation for fixed odds etc coming on board.
Spending money to prepare for what is inevitably coming![]()
IMO it's been an great opportunity over the past few weeks to top up - and I have taken that opportunity.
Obviously time will tell if this was the right move!!
- Forums
- ASX - By Stock
- BET
- GET Excited BETalians!!!!!
GET Excited BETalians!!!!!, page-1087
-
- There are more pages in this discussion • 442 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
TLX
Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug
RNU
Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some
Add BET (ASX) to my watchlist
|
|||||
Last
8.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $80.10M |
Open | High | Low | Value | Volume |
8.1¢ | 8.3¢ | 8.0¢ | $53.84K | 661.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 256110 | 8.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.3¢ | 47176 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 250000 | 0.081 |
10 | 387017 | 0.080 |
5 | 132527 | 0.079 |
2 | 31450 | 0.078 |
5 | 108741 | 0.077 |
Price($) | Vol. | No. |
---|---|---|
0.084 | 73690 | 7 |
0.085 | 159186 | 4 |
0.086 | 1500 | 1 |
0.087 | 97317 | 3 |
0.089 | 318888 | 1 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
BET (ASX) Chart |