JIN - Jumbo Interactive

[galumay]

I remember looking at it ROE, will have to go back and see what if any notes I made, I decided it wasnt for me for some reason!

 

[ROE]

Looterland making a move on JIN, back to glory day soon

http://www.afr.com/street-talk/lottoland-raids-asxlisted-lottery-tickets-seller-20170420-gvoswc

 

[skc]

Looterland making a move on JIN, back to glory day soon

http://www.afr.com/street-talk/lottoland-raids-asxlisted-lottery-tickets-seller-20170420-gvoswc

Lol. It's not a bad name for a company that sells a product akin to tax on the poor.

It's right up there with other famous / honest brandnames like Ladbrokes and Evian.

 

[pixel]

Lol. It's not a bad name for a company that sells a product akin to tax on the poor.

It's right up there with other famous / honest brandnames like Ladbrokes and Evian.

I can't for the life of me understand how these predators are allowed to operate unchecked. While Lotto was run by the States, it was legally obliged to contribute a set percentage - about 50% if I remember correctly - to Community projects.
These bastards take the loot and disappear to some tax haven. Benefit to Communities nil, tax minimal, leaving gambling addicts in the gutter in their wake.
Disgusting!

 

[skc]

I can't for the life of me understand how these predators are allowed to operate unchecked. While Lotto was run by the States, it was legally obliged to contribute a set percentage - about 50% if I remember correctly - to Community projects.
These bastards take the loot and disappear to some tax haven. Benefit to Communities nil, tax minimal, leaving gambling addicts in the gutter in their wake.
Disgusting!

I agree. It's totally wrong.

For those who don't know how Lottoland operates...they are basically a market maker on outcome of lotteries around the world. They probably don't even need approval from the underlying lotto operators to offer punters a bet.

Here's an article on their business model. http://www.news.com.au/finance/busi...t/news-story/16f869db9d8f1f6ebe11911892a0fbd3

The business was unusual in the gaming and gambling industry operating in Australia at the time, and it still is. It involves betting on lottery outcomes rather than entering the lottery itself.

Players bet on the results of the biggest lotteries around the world, and now local draws too, and using an insurance-based model Lottoland is able to match the prize money offered in those jackpots.

This is why it's interesting that Lottoland has taken a stake in JIN, who's an online reseller of actual lotteries. If anything Lottoland's business actually undermines JIN's operations. Perhaps JIN has much less regulatory risks so Lottoland wants to hedge it's exposure.

 

[pixel]

they are basically a market maker on outcome of lotteries around the world.

Players bet on the results of the biggest lotteries around the world, and now local draws too, and using an insurance-based model Lottoland is able to match the prize money offered in those jackpots.

One could wish that one or two lucky punters picked the $500M combo of the biggest US jackpot that they rave about in their annoying commercials.
But they'd probably simply go under, move any cash to a secret vault on Cayman or Virgin Islands, and declare bankruptcy in Australia or wherever the "winner" resided.
IMHO it's worse than any Nigerian inheritance scheme.

 

[skc]

One could wish that one or two lucky punters picked the $500M combo of the biggest US jackpot that they rave about in their annoying commercials.
But they'd probably simply go under, move any cash to a secret vault on Cayman or Virgin Islands, and declare bankruptcy in Australia or wherever the "winner" resided.
IMHO it's worse than any Nigerian inheritance scheme.

According to the article linked, Lottoland has "insurance" on the lotto outcome, although what you outlined cannot be ruled out... not sure how much regulatory oversight there is on the insurance arrangement either.

 

[peter2]

Anyone still holding? I top up again at 80c not long ago and now the business start to shine again.
This is a sleeper business I reckon, when it does shine it will be very bright

I had to go back a few years to find the latest comment on JIN.

@ROE got it spot on.

 

[galumay]

@ROE got it spot on.

I have followed @ROE and his fundamental analysis here and across a range of other forums, he would have one of the highest strike rates of any investor I have seen who made his analysis public.

Its a pity he has largely disappeared from the online world, we are poorer for it.

 

[JTLP]

I have followed @ROE and his fundamental analysis here and across a range of other forums, he would have one of the highest strike rates of any investor I have seen who made his analysis public.

Its a pity he has largely disappeared from the online world, we are poorer for it.

Except MXY - that one hurts! He did pick CCP, Smart Q and a few others from memory. He was/is a gun!

 

[galumay]

Except MXY - that one hurts!

If you mean MYX, I suspect he would say it hasnt finished playing out yet!

 

[JTLP]

If you mean MYX, I suspect he would say it hasnt finished playing out yet!

I did and I hope it hasn’t. Would love a catalyst back to the halcyon days

 

[peter2]

Looking at the line of punters at the newsagent tonight I'd have to be bullish JIN.
JIN operates Ozlotteries and Powerball. The current huge jackpots on offer have ignited ticket sales.

The chart shows some recent selling when price hit 5.00.

 

[rnr]

The chart shows some recent selling when price hit 5.00.

Well the price certainly didn't spend much time around $5 before moving very quickly to around the $8.20 mark. Following a pullback and a move to $8.25 price has retreated again.
How long to wait for another move higher?

 

[rnr]

Is a new ATH imminent after todays powerful move up?

 

[greggles]

Is a new ATH imminent after todays powerful move up?

JIN subsequently pushed through and closed above resistance at $8.25 on Monday before falling back down and below that level on Wednesday and Thursday. Today the company released a bullish FY2019 Outlook Update which can be succinctly summarised by the table below:

The numbers are quite impressive and demonstrate solid revenue growth. I think it's likely that JIN will advance towards $9 in the coming months based on today's updated forecasts.

Jumbo Interactive is up 5.87% to $8.12 so far today. It will be interesting to see if it can close above $8.25 and stay there.

 

[willy1111]

I have selected JIN as my top stock for the 2019 tipping competition. It is in a strong upward trend - and if the economy backs off a bit with a drop in the market and home prices, perhaps more people will look towards playing lotto for the hope of winning.

 

[Zaxon]

The latest results.

 

[leyy]

JIN has cracked $13 for the first time.

A very silent achiever and well done to all holders.

 

[Cam019]