BET Discussion 2022

[TeddyFiles]

I think this buyback has massively changed the perception of BET - seems that way on HC anyway.

One of the big differences between the posts on BET and PNV is that BET everyone seemed to blame management rather than the shorters and BET was shorted a fair bit more than PNV. There were so many posts about how bad management are etc etc even though if you look at what they've been doing they seem to have been doing as well as possible - there have been delays but thats been due to regulation and dealing with politicians rather than anything in BET's control.

PNV has had the blame pretty much put on Covid and the shorters for their lack of performance in the last year. Even before DW did his buying no one blamed management and were pretty happy with what they were doing.

Hopefully now there will be a lot more positive attitude to what they have been doing.

There are a specific few over there that keep slamming management for a many number of reasons.

Why pay Tripp the big dollars.
Why are they allowing the shorting.
Why do they not update fixed odds progress.
Why won’t they tell me the colour of Jane’s g-string today.

So much impatience. Management are Rock stars in my opinion and today’s announcement proves they have had enough of the games and are ready to put their money to work.

 

[Ibetfixed]

There are a specific few over there that keep slamming management for a many number of reasons.

Why pay Tripp the big dollars.
Why are they allowing the shorting.
Why do they not update fixed odds progress.
Why won’t they tell me the colour of Jane’s g-string today.

So much impatience. Management are Rock stars in my opinion and today’s announcement proves they have had enough of the games and are ready to put their money to work.

I wouldn’t mind daily updates on sweet Janes g string colours

 

[Lattelarry]

I'd been wondering why there hasn't been any insider buying at these levels. I guess we know why now. I wonder if next week we will see some?

 

[ScottBET]

I think this might be a coordinated effort to get the shorters in check by management, this announcement today to say in 2 weeks we will be buying shares, a juicy announcement next week maybe extra tracks, online for New Jersey? Should see some upward momentum over the coming weeks.

 

[Lattelarry]

I think this might be a coordinated effort to get the shorters in check by management, this announcement today to say in 2 weeks we will be buying shares, a juicy announcement next week maybe extra tracks, online for New Jersey? Should see some upward momentum over the coming weeks.

Yep, Ideally this is just the start of a long string of announcements for the next month or two and it should shake them.
Insider buying
Extra tracks and the launch of monmouthbets
Naming the 5 partners for FO NJ
100M annual result and 30M Quarter
NTD Launch
Something out of left field like being tote provider for another country
Anything else???
I can see all that being announced by August sometime.

 

[Lattelarry]

The SP has held up a lot better than I thought it would - hopefully it doesn't sink back down next week- although I wouldn't mind them picking up the buyback shares on the cheap.

 

[Lattelarry]

Good ending to the week! Have a good weekend all! Certainly didn't expect that today.

 

[Lattelarry]

Just checked the speaker list…….and I can confirm that the TAB is not on the list!

Speakers Confirmed For Racing And Gaming Conference At Saratoga - Horse Racing News | Paulick Report

More than 50 experts from across the country are confirmed to speak at the Racing and Gaming Conference at Saratoga Aug. 15-17.

paulickreport.com

If it was in Saratoga NSW they might have been! NY probably a bit far for them.

 

[Lattelarry]

Reg news is out! Penn National Gaming.
I love these little unexpected signings that keep popping up.

 

[Ibetfixed]

It looks like the perfect storm is brewing … BET going ahead leaps and bounds .. and at the same time . Can wipe off nearly 100mill shares from the register for the poultry sum of circa $35mill under the buy back program .. future looks bright .

 

[ScottBET]

Is anyone here also a TAB shareholder……..I am interested in your opinion with regards to the ‘Investor Day Presentation’ released as an announcement yesterday……not trying to offend anyone but it just reeks of Blah Blah Blah

Hi Reg, am also a TAB shareholder and have had a look at the presentation- they used all the right key words such as Omni-channel, B2B, customer care blah blah but did not have any substance to it, I am concerned with their execution as the competition is coming and they have not changed their model for years, I think it maybe too late for them to turn it around.

 

[ScottBET]

….one other thing Scott, do you see them making an offer for the WA TAB?

Reg, I think they have to, if they miss wa tab let’s another player in to get runs on the board which maybe a disadvantage when VIC wagering license comes up in 2024.

 

[Lattelarry]

Yes Larry, we have always had Penn National Gaming as a Global Tote client………and now we have added them to the Global Racing Network………this was the reason BET bought Sportech!!….to increase the offering/product line to current Sportech clients so that they would partner with BET on our other services under a recurring revenue model based on % of turnover………BET LIFE IS GOOD!

Any idea on potential revenue from this or is this something they know until it's running and they see how it goes?

 

[Lattelarry]

As it is a % of turnover recurring revenue model it is hard to say what the actual $$ are……….it comes down to BET getting the rights to distribute the content globally…….we send the rights holders racing content into as many markets as we can across different countries and time zones…….this way we have races available 24/7 for bookies to offer their punters races anywhere in the world to bet on……..and we will be clipping the ticket for our share and the rights holders will be getting their cut as well……….BET have a live data reporting software shows the rights holders/government departments exactly what is happening at any given time, this is the key to the integrity of the system.

So basically the more rights to content the more we can offer……….now Penn National Gaming have given us right internationally for FO……so I would feel confident that as their US markets process the required legislation in the States that they own racetracks we will see FO agreements with BET the same as NJ.

This is what BET said when they bought Sportech, which is what you said in the comment before about cross selling:

Always nice to see that things are happening like they thought they would.
The crazy thing is the SP was $0.66 when this was announced and they raised at $0.60
We are now in a much much better position with FO and NTD and the various other things that have been signed.

 

[Lattelarry]

Managemen

Management have always had a plan of where they want to grow……..they don‘t have any control over slow moving government departments or manipulation of the share price……they are focused on what they can control and as far as i’m concerned they are executing the plan perfectly……..there are a lot of us that can see how far we have come and not having the distraction of HotCrapper has helped me focus on my investments.

I'm really looking forward to seeing the revenue for this half too.
I think when Sportech acquisition was announced revenue was around $9.3M and Sportech was going to add about $46.9M for total $56.2.
If we are hitting $50M or above for the half thats pretty amazing growth.
Since first half was $43.5M this is already a 50% increase on the revenues stated in the December 2020 Announcement.
And better still is that margins have shot up to 73.6% from 52.7%
I really don't see why the market is trashing the SP so much.

 

[Lattelarry]

I know these numbers probably don't mean anything but jeez it's getting one sided

 

[TeddyFiles]

I know these numbers probably don't mean anything but jeez it's getting one sided View attachment 10668

I think it definitely means something. Sellers holding out. Going to make covering harder for them.

 

[Lattelarry]

I think it definitely means something. Sellers holding out. Going to make covering harder for them.

I hope so!

 

[ScottBET]

I’m hoping an announcement this week with additional tracks and online bookies for NJ, then buy back starting next week, that should get the price heading north!

 

[comin2getme]

I think it definitely means something. Sellers holding out. Going to make covering harder for them.

Fuckem. They can burn. Pull all sales and make pay.