Pointsbet need to focus more attention on being a bookie. If they don’t improve trading margins it doesn’t matter how quickly they grow they are not going to generate the margins necessary to succeed in a highly competitive industry.
Pointsbet FY19 (52 weeks) Gross Win margin was 9.3%. Calculated as Gross Win $52.7m / Turnover $567.1m = 9.3%
See page 16 - https://hotcopper.com.au/threads/ann-fy19-results-presentation.4934863/
Tabcorp FY19 (52 weeks) Gross Win margin for fixed odds was 14.8% (down from 15.4% in FY18)
See page 15 - https://hotcopper.com.au/threads/ann-full-year-results-presentation.4904765/
This is a huge difference and not indicative of Pointsbet having a disruptive edge to the incumbents.
Pointsbet growth, page-11
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Last
85.5¢ |
Change
-0.125(12.8%) |
Mkt cap ! $283.6M | |||
| Open | High | Low | Value | Volume |
| 90.0¢ | 90.0¢ | 79.0¢ | $4.278M | 5.081M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 6366 | 85.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 85.5¢ | 21061 | 1 |
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| Last trade - 16.10pm 31/01/2025 (20 minute delay) ? |
| PBH (ASX) Chart |