JIN - Jumbo Interactive

[Miner]

Apologies for the intra-day chart but today's price action after the news helps the board come to a decision.

Today's price action reveals that other investors thought the same as I did as they bid the price up in the morning. However since then it's been all selling. There's no sign of a temporary bottom yet. There's still two hours before the close on what has been a overall down day (-0.5% so far). I'll wait until closer to the EOD.

View attachment 112106

@peter2 - looks like you have posted last almost one year back and since then there was no posting.
Over the year, JIN danced up and down to be here - still about $2 more than last year, one director bought about $99 K worth at a price more than almost $1 of current price

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02416107-2A1320441?access_token=83ff96335c2d45a094df02a206a39ff4

Financial result published in August was fantastic (!) which probably led the two directors to put their money into faith.
But But But ??

 

[bsnews]

JIN only has Oz Lotto not Powerball or any other games except the charity side of the equation that they are growing with Tatts in Australiia.
The new agreement signed with Tatts for the continuation of the Oz Lotto licence and charity now has JIN by the short and curly.
Overseas hard to say was looking ok.

 

[Miner]

JIN only has Oz Lotto not Powerball or any other games except the charity side of the equation that they are growing with Tatts in Australiia.
The new agreement signed with Tatts for the continuation of the Oz Lotto licence and charity now has JIN by the short and curly.
Overseas hard to say was looking ok.

Great share and synergy of collective knowledge. I was unaware of this saga.
Thanks a lot .
I am wondering why two directors invested significant $ after knowing their short and curly stance ?
Or they have remained blindfolded always ?

 

[signalFollower]

I like that the price has retraced back towards the Weekly Chart uptrend line, so I've taken a small holding just on that basis

 

[Dona Ferentes]

• Total revenue advanced 25 per cent to $104.3 million
• Total transaction value up 36 per cent to $659.9 million.
• Underlying earnings up 13 per cent to 51.5¢ per share on a payout ratio of 85.6 per cent.
• Lifted total FY 2022 dividends 16 per cent to 42.5¢ per share
• Guidance for underlying operating cost growth excluding lottery retailing marketing costs between 20 per cent and 22 per cent.
• Underlying EBITDA margin is anticipated to be in the range between 48 per cent and 50 per cent

 

[Dona Ferentes]

And those mega OS events taking a bite,
.
Jumbo Interactive says the decline in lottery ticket sales for the last financial year was one of the worst of the last decade, but the company still delivered earnings and revenue growth.

• The board declared a final, fully franked dividend of 20¢ per share
• reported a 13.9 per cent increase in revenue to $118.7 million
• a 7.6 per cent climb in statutory earnings [before interest, tax, depreciation and amortisation] from 54 million to $58.1 million.
• Underlying earnings [before interest, tax, depreciation and amortisation] climbed 6.9 per cent to $58.9 million.

Jumbo chief executive and founder Mike Veverka said the jackpot market had experienced one of its worst years in a decade, but expressed confidence that changes to pricing put the company in good stead. “Our player health metrics remain robust, despite the unfavourable profile of jackpots,” Mr Veverka said.

“Lotteries remain a category of spend that continues to prove resilient to economic downturns, including the current environment of higher inflation and interest rates.“Lottery retailing is the largest contributor to revenue and profits for Jumbo, though the company also makes money from software and platform services.

Revenue from this segment – $91.3 million – was almost flat compared to the previous year. The overall increase in revenue was driven by a large uptick from the group’s managed services segment, which offers services such as prize procurement and lottery game design.

 

[mullokintyre]

Got my eye on this one as a long term hold.
Got some low ball bids that have just not been reached.
Was looking back in early april when it seemed to have turned upwards, but then fell back again and I chickened out.
Patience is what is required.
Not one of my best suits.
Mick

 

[Miner]

JIN reported record profit but MP gone down by not 1 but 17%.
Lotto luck did not favour investors?

 

[mullokintyre]

JIN reported record profit but MP gone down by not 1 but 17%.
Lotto luck did not favour investors?

So what caused such a drop?
Have got some contracts with Ozlotto coming up for renewal?
Glad I did not pull the trigger back in April, but now is it worth jumping in at this 17% lower sp?
Mick