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Cash flow positive ($1mil), only 25% of revenue from Domestic Australia (lessens the impact of credit card bans in June).

Ooola la, also an additional 10% reduction in cost expected in 2nd half
 
Lower volume, buyside seems to be stronger then the sell side at the moment? How odd, would of expected it to sit stagnant at ~0.10 - ~0.11 range for at least a few weeks. Volume looks to be low, so there mustn't be much sell action. All those that wanted out have gotten out potentially?
 
By all accounts it seems to have found it's bottom / comfortable range. Appears to be a very strong support of 0.115 which is holding strong. Been watching the stock jump and fall 5 - 10% +/- most days.

I think what is really interesting is the key metrics out of the Kentucky Derby :

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It was also the largest crowd at the Derby since 2018 which to me indicates a resurgence in the popularity of horse racing in the USA. My brother recently returned from the USA and he has noted that sports betting has picked up like a plague in the USA everyone is gambling, and gambling a lot. Horse Racing seems to be the natural next step for these companies, especially as parlaying sees an uptick in popularity.

BetMakers also having exclusive rights to offer fixed odds gambling in New Jersey is also positive, while we haven't seen the revenue we were hoping it is still a good asset to hold.

Additionally only 25% of the companies revenue comes from Australia another reason as to why I am feeling very bullish about BetMakers over the course of the coming year.

As I have mentioned previously I easily see this customer migration relating to BetR going south and there being some additional revenue off the back of it.



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Cash flow positive, growing USA market, continued reduction in cost base, consolidated at the 0.105 - 0.125 range. Only 25% of revenue is from Australia, and continued growth outside of Australia.

Highly uncertain on this but I see more upside then downside at its current price.
 
I don't follow it having been turned off by the CommSec 9 years of financials summary up to/incl FY23: no year of profit, heavy share dilution.

But the chart got me interested and does look prospective for a rounding bottom with blips of strong positive volume and volume now receding on retracement. Also positive momentum divergence encouraging.

Signs of hope from U.S business acknowledged.
Not for me but good luck with it.

Not Held

WEEKLY
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Market must not like the ambiguity of the deal. Hopefully we see some figures in the quarterly results, if a big bookmaker like draft kings follows suit we could see this stock go crazy.
 
Almost undone the prior rally. The weekly chart volume bars have been low for weeks suggesting lack of urgency in selling but equally there has been no buying enthusiasm. This has gone too far for a simple corrective move of the prior rally and my notion of a possible rounding bottom has been overturned.
Candles aren't showing any promise yet. Daily Momentum indicator (not shown) is down where you'd expect support unless the market has recently changed its opinion of the stock The prior rally began at around $0.085 but the only significant level support is down at around $0.08

Not Held

WEEKLY
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Is finding a bit of support almost exactly where you'd hope for it, with price consolidating for the last 5 days off 8.4c, which is pretty much where the preceding rally began. Three of the last 5 candles strike me as propitious for a rally on a daily scale. Also on the positive side can see that volume in the prior rally was much higher than volume on this 100% retracement.
It is still well under downtrend resistance however.

Not Held
Not Buying

DAILY
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Not much to it - bet365 deal signed doesn't appear it has been added to the website yet, however im sure we will see this come in the second half of this year.

I am confident that BetR will fail to migrate there customer data to BlueBet, resulting in some windfall revenue later this year. Additionally expecting a rally on the backend of the month as we have seen in prior months coming into the results.
 
Continued to fall with not much volume to stop it.

Will be exiting if it continues to fall past 0.078. I fear if we fall below that point we could just hit free fall.

Any thoughts on the TA front @finicky
 
I tend to agree @BossMan. as significant support around 7.8c is near and should that break it would be a risky hold from a trading standpoint. Try not to get caught out by a false break of support though.
There has been higher volume than now that was buying only two months ago. And also back in Jan/Feb off 7.7 or 7.8c. The main momentum indicator is close to where it has previously rallied but that might be a false hope.
It has been confounding to see it fall relentlessly on much lower volume.
Sorry, my more confident notions were back when it looked like a rounding bottom might be in.

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What a disappointing quarterly, I’ll be cashing out at whatever price I can today. Very disappointed.
 
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