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PBH - Pointsbet Holdings

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PointsBet is a corporate bookmaker with operations in Australia and New Jersey (United States). PointsBet has developed a scalable cloud-based wagering Platform through which it offers its Clients innovative sports and racing wagering products.

PointsBet commenced developing its scalable cloud-based Platform in 2015 with a vision to disrupt the traditional fixed odds betting market in Australia by offering new and innovative ways to place bets on Australian and US sports. The Founders recognised that Australian wagering operators were offering similar products and marketing campaigns and that there was an opportunity to differentiate PointsBet's product offering via the introduction of an innovative betting product, PointsBetting. In addition, the Founders saw the potential for PointsBet to utilise its Platform and its innovative product offering to gain market access in high potential new markets, in particular the United States.

It is anticipated that PBH will list on the ASX during June 2019.

https://pointsbet.com.au
 
Into its fourth week since listing, this online gambling company is hoping to cash in on the US market as recent legislative changes relating to online gambling are more favourable to US citizens. BO-NH today.

pbh040719.PNG
 
Investing in Gambling or Gambling in Investing.
Is this the ultimate each way bet?
 
Interesting to watch this as Australia heads into what I see as the betting season, we head towards the pointy end of the football seasons with all the side bets on medal winners becoming more of a focus and the (Melbourne cup) racing season awakening.
Betting has been given a huge boost in interest as betting has moved away from fixed odds and punters can drop out before the 'final' result is achieved. The huge advertising campaigns by most betting outlets has certainly boosted awareness.
Longer term depending on how they go in the American betting domain there is also a reasonable chance that a big overseas outfit will buy them out in time.

I wonder when the time comes that you can have a punt on two flies on the wall via a live feed.
 
Are we all sleeping on this when it’s done +50% in no time at all? Is the US opp that big?
 
Bailed on this one in August (in some profit). Could have held on, Up 126% since coming on market in June!
 
Been watching these guys and I'm feeling reasonably upbeat about their prospects. Continued investment in their technology offerings, continued Nth American expansion and more regulatory approvals coming on line.
 
ASX Announcement this morning
6/01/2020 8:19:50 AM Online sports book and gaming market access in Michigan (file uploaded)

PBH revealed that it has entered into an exclusive 20-year agreement with Lac Vieux Desert Public Enterprise and Finance Commission (LVD).

The release explains that LVD is an arm and instrumentality of and organised under the laws of the Lac Vieux Desert Band of Lake Superior Chippewa Indians. This is a sovereign federally recognised Indian tribe.

SP was a high earlier of $5.20 and now $5.065

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825
 

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  • PBH Online sports book and gaming market access in Michigan.pdf
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From rogermontgomery.com :

"How to value this?

Tabcorp, offering limited growth, trades at roughly 12x EV/EBITDA. Flutter (no doubt influenced by its exposure to the US gaming market) trades at 18x EV/EBITDA, and both companies offer some valuation benchmarks.

We also need to adjust for the cost to acquire a 5 per cent or 10 per cent share when calculating our EV and convert the valuation scenarios to $AUD.

Valuation of 5 per cent/10 per cent market share at 12x EBITDA in $AUD terms.

Screen-Shot-2019-12-03-at-11.27.22-am-1024x216.png


A structural growth opportunity

PointsBet Holdings today ($4.77 per share) has an enterprise value (EV) of A$629 million, highlighting considerable scope for upside should management execute on the opportunity, and if greater than 50 per cent of the US market eventually opens up to online sports betting.

In our view PointsBet Holdings is a challenger, it has a competitive product offering (technology) and marketing skills leveraging its experience in operating in the competitive Australian online sports betting market into the rapidly growing US online sports betting market that looks set for many years of structural growth.

It’s too early to tell what levels of success PointsBet Holdings may or may not enjoy. And if they don’t execute in the US market, there is considerable downside to the share price. However, as we can see from the table above, there is also scope and potential for the shares to double and more."
 
Hi guys,
I've made my first video and its on Pointsbet (ASX: PBH). I've got other videos in the pipeline at the moment. Aim is to make sure you're well informed about the company and be in a position to make a more informed decision about the stock.

If you have any suggestions please let me know, looking to create content weekly, hopefully it helps everyone

If you like the video, please like and subscribe

 
Last posting on this thread was July 20.
More than 1 year shows our posters are not interesting on real bets :)
Today market announcement on the face of it looked good but market did not think so.
I am posting to learn from the punters, and philosophers what went wrong with PBH Price Slump to $8.5 and still on that zone at 3.24 PM AEST (check - I have used four Ps)
COULD THE HUNTER GOT HUNTED TODAY

some extracts

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Just another unexplained selloff after news. PBH was looking similar to CDA as both charts indicated that price had bottomed and was ready to go up. The news precipitated significant selloffs.

No published reasons for either sell offs so far.
 
PBH made it on to my watchlist mid September, just after a recommendation from a retail broker (not a bank broker). Funny enough, the stock had a small jump from its lows in the days prior to the recommendation. PBH has continued to climb since then, until today.

PBH remains on my watchlist, but not in my portfolio. It could be just another case of broker hype not living up to reality.

KH
 
peter2 said:
Just another unexplained selloff after news. PBH was looking similar to CDA as both charts indicated that price had bottomed and was ready to go up. The news precipitated significant selloffs.

No published reasons for either sell offs so far.
Click to expand...
Thanks @peter2 . There could be some inside story - we will probably know more tomorrow when press like AFR publishes something . PBH closed at 8.68 today
On a separate context on my laptop such photos always appear when opening the ASF site. Is it driven by Google or advertisement by ASF sponsors.
@Joe Blow -if these are ASF sponsors then please publish phone numbers next to the company representatives though :) :)
Sorry for the tongue and cheek - please do not expel me from the thread - advance apology
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This selloff is significant because the price now is below the average price settled in the huge Aug 2021 cap raise. This is not retail traders bailing. There's an insto or two selling out today.

pbh2810a.PNG
 
PBH had a massive sell off late last week. Complete overreaction off the back of their 4C. Top line numbers continue to show solid growth in the US and AU is very strong, but the Q did show some loss in market share in the US but think sell off was not reflective of this company's continued growth in top line numbers. My personal option is the current price represents a nice buying opportunity if you're looking for some speculative exposure.
 
Miner said:
Last posting on this thread was July 20.
More than 1 year shows our posters are not interesting on real bets :)
Today market announcement on the face of it looked good but market did not think so.
I am posting to learn from the punters, and philosophers what went wrong with PBH Price Slump to $8.5 and still on that zone at 3.24 PM AEST (check - I have used four Ps)
COULD THE HUNTER GOT HUNTED TODAY

some extracts

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View attachment 132040
View attachment 132041

View attachment 132042
Click to expand...
Nice post @Miner.

In their 4C last week top line numbers are without doubt spectacular. But the problem they had last week is that their US market share (and in the key market of NJ) actually contracted. The reason their top line number remain impressive is that their margins in the US have improved, which offset the negative impact of a contraction in their market share. The other issue is that their marketing expenditure (which are very significant) continue to increase but at the same time their market share contracted. That is why we saw the big sell off last week. Despite the fact that PBH has a lot of money in the bank and no debt their 4C last week is bringing into question whether PBH can compete with the big end of town in the US (Fan Duel, Draft Kings etc). PBH has world class leadership and continues to execute on it's strategy and so IMHO last weeks 4C is definitely not a long term indication that PBH is loosing ground in the US.

PBH is without doubt a growth stock and is subject to all the issues that go with that but current price is in my opinion a good opportunity if you're looking for a longer term speculative stock.

As always, the above is just my personal opinion and DYOR.
 

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