Axiomax,
Jumbo is a different business model to carsales - gross margins should be limited by the percentage cut in the agency agreement - which is probably around 20%.
IT is going to be very interesting when we start seeing the financials for this business without the closed down divisions confusing the picture. It should be a very easy business to analyse. NPAT growth should be very strong now that the fixed cost base of the business is being easily covered by current earnings.
By my "back of envelope" analysis, 50% growth in sales revenue should see NPAT at around 2 or 3 times the current figure. And $10million NPAT equates to 25 cents per share!!!!.
Here is another thought: Is this business too good for Tatts to overlook - they have been acquiring a lot of lottery licences and also own the other online lottery site (Golden casket).
lottery on your iphone(smart phone), page-4
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