Comsec Market Cap and P/E ratio for EBT is based on old results. The following is based on EBT after the Octavian acquisition.
2006 Financials Total Shares 217,507,611 Total Shares after acquisition 354,402,534 Current Market Capital = $58.5 million
Ebet NPAT $1.75 million Octavian NPAT $4 million Total NPAT = $5.75 million
Currently trading on a P/E ratio of 10 (Sectors average P/E ratio is 20)
Having acquired Octavian, eBET now has an international presence. Acquisition will be completed in April 2007. Profits expected to increase in 2007 with further expansions into new gaming market as well as Asia.
Been monitoring this stock for several months now. Good support at 16/17c. Even though the market depth looks horrible on the buy side, someone out of the blues always ends up buying the stock when it dips too low. Put it on your watchlist and see for yourself!
I have faith in the gambling industry and decided to buy some recently while its at its lowest. :)
ITQ Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
