Looks like JIN is getting a lot of love from fundies....Fundies' #1 pick for the year ahead
Ally Selby: Arden, we asked you to bring along the number one stock that you're backing for 2022. What have you brought for us today?
Arden Jennings: One we like is Jumbo Interactive (ASX: JIN). It's founder-led, Mike Veverka is the CEO. They have lotteries within their business here in Australia domestically. They've resigned with Tabcorp until 2030. The Oz Lottery change is expected to happen next year, which should increase the chance of jackpots, which we know that Jumbo is leveraged to. They're expanding offshore in a really measured and prudent way, buying businesses in the UK and Canada through Gatherwell and Stride. And we think that if they can land a US state lottery in the next 12 to 24 months, it could be game on for the stock.
Looks like JIN is getting a lot of love from fundies....Fundies'...
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Last
$17.09 |
Change
-0.150(0.87%) |
Mkt cap ! $1.075B | |||
| Open | High | Low | Value | Volume |
| $17.00 | $17.44 | $17.00 | $4.344M | 253.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2768 | $17.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.11 | 389 | 1 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| JIN (ASX) Chart |