CIL - Centrebet International

[jonnycage]

wondering the same on the take overs, doesnt appear to be at present.

taking its time, but seems to be slowly on the up perhaps

j c

 

[ROE]

What a Shocker Centrebet up 75% in profit
in my wildest dream never think of it
but awesome, another superstar to own another year of doing nothing.

 

[jonnycage]

these guys are starting show some form, suspected that the world cup soccer played a big part, happy to be in since about $1, and still picking up more

j c

 

[ROE]

This year election will be good for next year result...

everyone bet on Lib and Labor and we got hung parliament
some big bet going for labor last week of the election...
$100K, 40K at a time...

Centrebet collect the whole pot woohoo... it's like a 0 and 00 on roulette
then after that we got Olympic 2012....mighty bright future...

always has something to punt on these day...I like to punt too
on superstars...

CASH every where in the bank... good time ahead and keep
that lazy balance sheet please....analyst doesnt like lazy balance sheet
I love it

 

[jonnycage]

slowly yet daily climbing up the charts, a reaction to it being under priced ?
or sell and take some profits ? decisions decisions but cant help
thinking maybe this is heading for 2 bucks ?

j c

 

[robusta]

slowly yet daily climbing up the charts, a reaction to it being under priced ?
or sell and take some profits ? decisions decisions but cant help
thinking maybe this is heading for 2 bucks ?

j c

I think CIL is good value just not sure how they will go in the future with Betfair as competition.

 

[ROE]

I think CIL is good value just not sure how they will go in the future with Betfair as competition.

betfair Australia (50:50 join venture with Crown) this mob losing money ever single year since inception

when you burn cash eventually you run out of paper
just like the dotcom

I wouldn't call that competition

want to see what happening this year same old story

Betfair’s equity accounted loss $5.7 million – primarily due to increase in legal and product fees

(subject to NSW legal challenge)
Crown made a further $4.0 million loan to Betfair, resulting in a total debt to Crown of $11.7 million

 

[robusta]

betfair Australia (50:50 join venture with Crown) this mob losing money ever single year since inception

when you burn cash eventually you run out of paper
just like the dotcom

I wouldn't call that competition

want to see what happening this year same old story

Betfair’s equity accounted loss $5.7 million – primarily due to increase in legal and product fees

(subject to NSW legal challenge)
Crown made a further $4.0 million loan to Betfair, resulting in a total debt to Crown of $11.7 million

Thankyou for the reminder ROE - look to the fundamentals and forget about the businesses that destroy shareholder equity. Depends a bit on how deep Betfair / Crowns pockets are but you would thing eventually there will be a write down. CIL does add to shareholder value but are they cheap enough to buy?

 

[So_Cynical]

Thankyou for the reminder ROE - look to the fundamentals and forget about the businesses that destroy shareholder equity. Depends a bit on how deep Betfair / Crowns pockets are but you would thing eventually there will be a write down. CIL does add to shareholder value but are they cheap enough to buy?

How can you buy now at 1.70 when just 5 or 6 weeks ago they were 1.30 :dunno: why didn't you buy then? is CIL a 30% better company now than it was 5 or 6 weeks ago????

 

[ROE]

Thankyou for the reminder ROE - look to the fundamentals and forget about the businesses that destroy shareholder equity. Depends a bit on how deep Betfair / Crowns pockets are but you would thing eventually there will be a write down. CIL does add to shareholder value but are they cheap enough to buy?

dont know if it's cheap or not that is up to individual but Centrebet as a business, it's very good I use a lot of online betting platform and

I can tell you Centrebet is one of the best if not the best of them all

they are innovative, they are the forefront of coming out with new bets and new odds.... they are dead easy to use and once you with centrebet you kissed goodbye all other platforms....

A business like that can only encourage more users

think google and other search engines, google is fast, clean interface and easy to use why would anyone use anything else

check this out for some more innovative this year

http://www.brr.com.au/event/68057/c...mr-michael-mcritchie-deputy-managing-director

PS: looking forward to my iPhone Centrebet apps, wooho no more WAP interface

 

[robusta]

How can you buy now at 1.70 when just 5 or 6 weeks ago they were 1.30 :dunno: why didn't you buy then? is CIL a 30% better company now than it was 5 or 6 weeks ago????

Have only just added CIL to watchlist this reporting season. I don't particularily care what the sp has done recently more interested in intrinsic value of the company and it's ability to grow shareholder equity over time.

 

[So_Cynical]

Have only just added CIL to watchlist this reporting season. I don't particularily care what the sp has done recently more interested in intrinsic value of the company and it's ability to grow shareholder equity over time.

Agree...however any way you want to put it, the fact remains that the lower your entry price the higher the yield and the greater the capital growth...assuming that those things are important to you as a "value" investor.

 

[jonnycage]

Agree...however any way you want to put it, the fact remains that the lower your entry price the higher the yield and the greater the capital growth...assuming that those things are important to you as a "value" investor.

great call. i sold out of my initial holdings at 1.62, purchased at 97 cents
and hung out to get the dividend twice. would look at getting back in at
a pull down to 1.55.

j c

 

[robusta]

Agree...however any way you want to put it, the fact remains that the lower your entry price the higher the yield and the greater the capital growth...assuming that those things are important to you as a "value" investor.

Can't argue to much So_cynical have done some more resarch and would like a bigger margin of safety - oh well bust be patient.

 

[jonnycage]

got back in at the 1.62 dip which im happy with, dividend just receieved
and its always been quite a good return. one to always keep an eye on,
doesnt seem to get the following it may well deserve. all i know out of
all the online gaming, its very easy and user friendly to use

j c

 

[jonnycage]

interesting day for these guys. a nice looking growth plan, followed
by a dive in share price. i happily picked up some more

j c

 

[skc]

interesting day for these guys. a nice looking growth plan, followed
by a dive in share price. i happily picked up some more

j c

Was it a growth plan? Or a profit downgrade wrapped inside a growth plan?

They just halved their FY10/11 NPAT from $16m to $8m together with lower dividend payout ratio.

Fair enough you got to spend money to make money, but the market is kind of impatient and couldn't care less if the NPAT will "rocket" in 4 or 5 years time. Not today anyway...

 

[jonnycage]

im going growth plan. this is a slow but sure kinda creeper, well thats
the way im playing it. any input is great in my books!

cheers

j c

 

[So_Cynical]

(Sept 20) I think CIL is good value just not sure how they will go in the future with Betfair as competition.

(Sept 20) How can you buy now at 1.70 when just 5 or 6 weeks ago they were 1.30 :dunno: why didn't you buy then? is CIL a 30% better company now than it was 5 or 6 weeks ago????

(Sept 20) Have only just added CIL to watchlist this reporting season. I don't particularily care what the sp has done recently more interested in intrinsic value of the company and it's ability to grow shareholder equity over time.

(Sept 21)Agree...however any way you want to put it, the fact remains that the lower your entry price the higher the yield and the greater the capital growth...assuming that those things are important to you as a "value" investor.

robusta are you still watching CIL? happy you didn't pay $1.70 back in September when you posted the above??? : finding a stock you really want is a great thing especially if your belief in that stock is later proved correct, but entering said stock at at significant bottom is the real icing on the cake.

Patience is an incredibly valuable and profitable discipline in long term share market investing and that's because great timing requires great patience.

Will CIL go lower :dunno: i know its a very crowed market place, gambling is so well suited to the net and its so easy and cheap to set up a site, especially a dodgy over seas site...personally i do want a gambling stock but do appreciate bricks and mortar.
~

 

[ROE]

Was it a growth plan? Or a profit downgrade wrapped inside a growth plan?

They just halved their FY10/11 NPAT from $16m to $8m together with lower dividend payout ratio.

Fair enough you got to spend money to make money, but the market is kind of impatient and couldn't care less if the NPAT will "rocket" in 4 or 5 years time. Not today anyway...

I think it more of the market said this plan probably mean no more take over, stock really price in a bit for take over activities.

so take over parties wont pay the price the Con family want so no more wasting time and let get the ball rolling and carry on with expanding the business...

with the founder has 60% in the business you can be sure he will look after the business just like Uncle Turner of Flight Centre and Uncle Simon and Uncle Don at Credit Corp