Hi Cute,
What you are saying is not as far fetched as some might think. Look at the situation.
(i) Directors putting in over $1 mil, converting options and taking with them a tax liability that Nick Chan is very aware of.
(iii) Getting in place a technology platform that all the competing players make use of generating a situation and fear that if a competitor took BET over, where do they stand after the agreed contracts expire. You get where I'm going here.....
(ii) I think that a takeover at $0.75 can be at a prospective 2023 PE of 6. That's good enough with the virtual monopoly position they currently hold. (These numbers are not advice, just my own extrapolation).
(iv) It might not be a bookmaker but a large US based Nevada Gaming Operation that might fight over the company with one of Nick's old employers.
The end result might be that we (as shareholders) end up with $0.75 to $0.90 and no long term benefits, such as dividends and the new owners take home the grandstand.
Place your bets.
- Forums
- ASX - By Stock
- BET
- Place Your Bets
Place Your Bets, page-606
-
- There are more pages in this discussion • 251 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
Add BET (ASX) to my watchlist
(20min delay)
|
|||||
Last
9.3¢ |
Change
0.003(3.33%) |
Mkt cap ! $89.75M |
Open | High | Low | Value | Volume |
9.0¢ | 9.3¢ | 8.8¢ | $141.1K | 1.555M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 125000 | 8.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.3¢ | 99999 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 53 | 0.093 |
2 | 125000 | 0.087 |
1 | 200000 | 0.086 |
2 | 1080000 | 0.085 |
2 | 185000 | 0.084 |
Price($) | Vol. | No. |
---|---|---|
0.092 | 52 | 1 |
0.093 | 95966 | 1 |
0.094 | 70513 | 1 |
0.095 | 170500 | 3 |
0.096 | 1151515 | 4 |
Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
Featured News
BET (ASX) Chart |