Betmakers Tech - BET on it!

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    Betmakers Technology BET is still a bargain right now. *My valuation model shows that the intrinsic value for the stock is A$0.83c which is above what the market is valuing the company at the moment. They are cashed up with about $32M in the bank (after recent raising @ 0.37c).

    BET sp currently @ 0.445c +7.23% on very good volume!

    *excerpt above from recent Simply Wall St analysis DYOR tela

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    “Betmakers Technology BET are providing the platform as price manager for the bookmakers and providing the race day controls for racing authorities – [such as] Racing Victoria and Racing NSW, so punters know that there’s an integrity being delivered to the races,”.

    It uses its proprietary technology to provide risk management systems, odds management, and content across a number of sports.

    BetMakers’ growth has accelerated after entering America. This will continue as fixed-odds betting is gradually embraced by individual states.

    “It’s an exciting time for a company, having just done a deal in New Jersey,”

    “If you take a step back, fixed odds racing has only been allowed from sports betting perspective for a couple of years and New Jersey was one of the early adopters of that.

    “They saw that that market in sports betting go from zero to half a billion dollars in volume – in betting terms – within 18 months.

    “You’ll certainly see it [fixed odds betting for horse racing] go from nothing to quite a big market in a very short space of time.

    “So New Jersey to start, then we expect to see other states in America pick it up.”

    “Fixed odds racing should benefit from a structural migration away from tote betting, a similar narrative to that which has already played out in Australia, and BET is well placed to capitalise on this.

    BET is on the verge of EBITDA profitability, has an extensive pipeline of opportunities, and we see meaningful upside to the current price,”.

    “BET boasts an exclusive 10- year agreement to manage fixed odds horse racing in New Jersey, and this was recently expanded to include a 5-year agreement to manage fixed odds terminals and kiosks at Monmouth Park racetrack.”

    14/09/20
    New Jersey sets U.S. sports betting monthly record of $668 million :)

    ( and that was only from one state over in the U.S. )

    DYOR .. Cheers tela

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    Simply Wall St analysis says current intrinsic valuation of BET is 0.83c with earnings growth forecast for 2020/21 of +116% :)

    Also, current Top 20 holder's have/own about 52% of all shares on issue.

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    Upcoming 4c report due within a week.. anticipated to deliver some 'promising exciting' news imo

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    I'll bet you sixtyone, $500 yes $500 that you can't leave topstocks! easy 'money for jam' sixtyone so take me up on it why don't you!? condition of bet is you must leave topstocks & not come back under any other username whatsoever so be gone/vanished for ever from here.

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    Ty for the info!

    1 like
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    BET closed on it's high @ 0.44c last Friday.. chart looking bullish imo heading into next week & 4c report to come.. perhaps a 'good omen' from insider's in the know!? DYOR tela

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    BET 4c Quarterly highlights:

    • Cash receipts up +63% on previous quarter ($3.9 million versus $2.4 million)
    • ~$16 million Annualised Revenue Run Rate based on Q1 FY21 (Unaudited)
    • Strong growth driven by Managed Trading Services and Global Racing Network
    • BetMakers growing Australian revenues ahead of international expansion
    • Closing cash balance of $32.8 million in the bank (no debt)

    Todd Buckingham said: “The business has now delivered two consecutive quarters of sustained growth, leveraged from its strong base of recurring revenues, and we believe we are in a strong position to continue to expand our products and services.

    “The impressive growth we are seeing over the past two quarters is a result of the successful development, launch and implementation of our products and services in the Australian market over the past few years.

    “The Company has a strong technology and leadership team across the business and its innovative B2B wagering technology products have generated strong results since launching into the Australian market, which gives us great confidence for further roll outs both domestically and into new overseas markets.

    “In particular, Our Managed Trading Services business has been a success, not only for BetMakers but also for our customers using the service.”

    DYOR as always..

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    Financial reports released by some of Australia's most popular online betting companies show they have been raking it in during the pandemic.

    Tabcorp's digital wagering turnover grew by 3.8 per cent in the 2019–20 financial year to $7.1 billion, while its retail turnover tumbled 27.9 per cent to $5.4 billion.

    Sportsbet's parent company, Flutter Entertainment, reported that its Australian operating profits were close to $200 million in the six months to June 30, with online net revenue up 45 per cent in the first half of the year.

    Ladbrokes parent company, GVC Holdings, also recorded a 43 per cent lift in profits over the same period.

    "Online gaming trends remain ahead of pre-COVID-19 levels," the company said earlier this month.

    https://amp-abc-net-au.cdn.ampproject.org/v/s/amp.abc.net.au/article/12758084?amp_js_v=a6&_gsa=1&usqp=mq331AQFKAGwASA%3D#aoh=16025564885527&referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s&share=https%3A%2F%2Fwww.abc.net.au%2Fnews%2F2020-10-13%2Faustralia-online-gambling-covid-19-sportsbet-ladbrokes-tabcorp%2F12758084

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    Betmaker's to benefit big $$ from surge in recent online betting across all the bookie's! plus US expansion on the horizon as well (to implement same successful technology/strategy etc. as used here in Australia) :)

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    BET chomping away @ 0.455c +7.06% hopeful of a strong close today (sp crossed above 50dma a bullish sign!).. as then bring 0.50c into play imo dyor

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    Up and away.. flying +11.76% @ 0.475c with big cross trades/line wipes as someone definitely wants in! :) :) :)

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