BET Ann: BetMakers Announces On-Market Share Buy-Back - 24th Jun 2022, 9:04am

[annb0t]

BET Ann: BetMakers Announces On-Market Share Buy-Back
Price Sensitive: N
Date: 24th Jun 2022, 9:04am

>>> Read announcement: Google: BET Market Announcements

 

[RHINO]

BET Ann: BetMakers Announces On-Market Share Buy-Back
Price Sensitive: N
Date: 24th Jun 2022, 9:04am

>>> Read announcement: Google: BET Market Announcements

Smart move

 

[TeddyFiles]

So, we know the buy-back starts tomorrow….and we know they can buy at a price no more than 5% of the past 5 days trading (which I don‘t think is closing price, but actually the highest price)……..therefore that 5% price would be ~.424……..they should be able to wipe a few lines tomorrow hopefully………..I have no idea why anyone would be selling today!!!

I wonder where the sellers will position themselves for the open today. I would doubt the .38 close will be where it opens but could be wrong.

 

[comin2getme]

I wonder where the sellers will position themselves for the open today. I would doubt the .38 close will be where it opens but could be wrong.

Need to see the report... its the piece of the puzzle that's missing.

 

[Ibetfixed]

I wonder where the sellers will position themselves for the open today. I would doubt the .38 close will be where it opens but could be wrong.

Surely BET will commence their buy back program today … 5% increase in the share price every 5 days would be ok .

Hopefully they just continue to load up their buy order at the 5% increase level every time it gets hit .

Predicting a circa 41.5c close today

 

[Lattelarry]

Doesn't look like they are wiping lines yet.
I thought the 5% was based off the VWAP for the previous 5 days.
My basic guess would be around $0.415 for the limit of what they could buy up to right now. I don't see that as an issue as it should keep the SP heading in the right direction.

 

[Ibetfixed]

Doesn't look like they are wiping lines yet.
I thought the 5% was based off the VWAP for the previous 5 days.
My basic guess would be around $0.415 for the limit of what they could buy up to right now. I don't see that as an issue as it should keep the SP heading in the right direction.

It doesn’t appear that BET are feverish about buying back at present ? Which seems a bit odd ???

 

[Lattelarry]

It doesn’t appear that BET are feverish about buying back at present ? Which seems a bit odd ???

Yeah strange - I would have thought if they started buying a few mil today then they will never see these prices again.

 

[fbbandco]

Not strange if you want to keep the shorters wondering what the game plan is......BET will know the days when they want to have a crack.

Smart play not being so predictable.......

 

[TeddyFiles]

By my calculations the VWAP for the last 5 days is 0.397……therefore BetMakers 5% limit buy price on that would be 0.417 (rounded up)……….Let the games begin!!! (again!!)

Was hoping it would be a little higher. Anyway let’s see what plays out.

 

[TeddyFiles]

By my calculations the VWAP for the last 5 days is 0.397……therefore BetMakers 5% limit buy price on that would be 0.417 (rounded up)……….Let the games begin!!! (again!!)

I’d like to see 20,000,000 wiped off today at these levels. No use sitting back. The aim should be to buy as much as possible at this level. If that’s the full amount then so be it. One day buy back. Why not.

 

[TeddyFiles]

Can’t see 20M shares being dumped below .415 cents today………..I just wish we didn’t have the bloody 5% cap!!!

Hopefully there is a panic dump and gives them some breathing room to operate all day.

 

[Ibetfixed]

Can’t see 20M shares being dumped below .415 cents today………..I just wish we didn’t have the bloody 5% cap!!!

Be great if the can buy the total of 80mill shares whilst the market is screwed .. averaging 40c would cost them only $32mill … so still have $55mill in the bank and strong positive cash flow quarters should be the norm from here on in .

 

[Ibetfixed]

A couple of questions;
1 . Is blue bet a customer of BET?
2. I see in the annual report that it lists Tekkcorp as only owning 17mill shares and Waterhouse only owning 5.7mill shares … does that mean that they have lent the balance of the shares they own to shorters ??

 

[Lattelarry]

I’d like to see 20,000,000 wiped off today at these levels. No use sitting back. The aim should be to buy as much as possible at this level. If that’s the full amount then so be it. One day buy back. Why not.

Thats what I thought they were going to do the first time. Not sure why they are only did such small daily amounts.

 

[TeddyFiles]

Good to see Helpneeded has topped up. He had to really. Such a big advocate for BET. Glad he put his money where his mouth is.

Why the differential in Waterhouse and Tekkorp holdings from the two lists?

 

[comin2getme]

A couple of questions;
1 . Is blue bet a customer of BET?
2. I see in the annual report that it lists Tekkcorp as only owning 17mill shares and Waterhouse only owning 5.7mill shares … does that mean that they have lent the balance of the shares they own to shorters ??

Pt 2. Maybe thats why Matt Davey isnt on the board anymore.

 

[Ibetfixed]

Good to see Helpneeded has topped up. He had to really. Such a big advocate for BET. Glad he put his money where his mouth is.

Thanks for posting the updated share list .. Teddy bear
If you go directly under this list in the annual report it states that Tekkcorp and Waterhouse are listed as major holders with 106mill shares and 72 mill shares respectively .
My calculations are that those figures suggest Tekkcorp has lent out circa 89mill shares and Waterhouse has lent out circa 67mill shares …

Is this right ??

 

[Lattelarry]

Good to see Helpneeded has topped up. He had to really. Such a big advocate for BET. Glad he put his money where his mouth is.

Why the differential in Waterhouse and Tekkorp holdings from the two lists?

There's been a lot of change in the top 20

 

[TeddyFiles]

Thanks for posting the updated share list .. Teddy bear
If you go directly under this list in the annual report it states that Tekkcorp and Waterhouse are listed as major holders with 106mill shares and 72 mill shares respectively .
My calculations are that those figures suggest Tekkcorp has lent out circa 89mill shares and Waterhouse has lent out circa 67mill shares …

Is this right ??

If that’s the case no wonder Davey was happy to sell out and get off the board. Collecting rent. Nice that the cornerstones of the company are crippling the SP for own benefit. Waterhouse doesn’t surprise me. He has the surname but Davey is not cool.