BET Discussion 2022
- Thread starter zeeb0t
- Start date
News Corp bets even bigger on 100-1 bookie
The media company now owns half of online bookmaker Betr, whose promotions became one of the biggest stories during the Melbourne Cup.
Interesting Davey sat out the new funding round ... Trip and Murdoch doubling down ....
Ibetfixed
Regular
BET would be a great buy for Newscorp at the current market cap of under $300mill .. especially considering BetR are going to be paying $30mill to BET a year alone .. shows how cheap the share price currently is
News Corp bets even bigger on 100-1 bookie
The media company now owns half of online bookmaker Betr, whose promotions became one of the biggest stories during the Melbourne Cup.www.afr.com
Interesting Davey sat out the new funding round ... Trip and Murdoch doubling down ....
Ibetfixed
Regular
Good to hear from you Reg!!… hopefully 2nd quarter results exceed $30mill revenue and they are cash flow positive
do you have any predictions on the results ??
Ibetfixed
Regular
You are probably right .. but they will need to be cash flow positive before the end of 2023 to eliminate the need of a cash raising and also prove to the market that all of the growth in revenue continues to be out weighed by the increase costs .
TeddyFiles
Regular
Retail investors are going to cry blue murder if BET doesn’t hit the cash flow positive mark with these results.
The loyalists will hang in there but there are plenty of restless natives.
In the last webinar they said they would be cash flow positive in the second half of this FY. So don’t be surprised if they are not in the next results released.
Ibetfixed
Regular
I haven’t seen the latest RaaS report … what does it predict for the revenue received for the quarter ending 31st Dec??Based on the RaaS reports they are not expecting to be cash flow positive the first half of the year…….so i’ll guess you will have 6 months of ‘rustic’ calling us all punts!
TeddyFiles
Regular
Haha yep I’m not holding out on cashflow positive in this report.Based on the RaaS reports they are not expecting to be cash flow positive the first half of the year…….so i’ll guess you will have 6 months of ‘rustic’ calling us all punts!
Again Todd will be ripped a new one because he basically said they would be and the lynch mob will be again calling for his head.
@TeddyFiles, Why do you call shareholders that aim to hold the board accountable for realising their commitments a ‘lynch mob’? Are you suggesting that shareholders ought to further lower their expectations of management’s performance?
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TeddyFiles
Regular
I think that BET have done a phenomenal job bringing the company to where it is today. This is obviously not reflected in the SP but I can’t see how this is totally their fault.
The Tripp deal seems to be the biggest bone of contention. I for one am happy with the deal and what it will hopefully deliver long term.
The TW deal was so long ago that any new shareholder had all the details of this deal and could have made a decision not to buy in. Could BET have locked his shares up for longer? Who knows. It was business and there are two sides in all transactions. Again I don’t blame TW for what he has done with his shares. Smart business.
Do I have an issue with the ASX on allowing shorted/loaned shares to be paid back off market? Yes I do.
You can do your best to keep the CEO accountable but whilst he has the confidence of the major stake holders you are pissing into a fan.
Cheers Teddy, I appreciate your candour.
I think the biggest bone of contention is that the CEO (and the board) have diminished credibility. E.g. According to the deal put to shareholders, Tripp wasn't to be paid additional cash on top, but he was, and NJ fixed odds was on its way to being rolled out, but it wasn't.
The ASX announcements to date, particularly the one in which Tripp's bonus was announced, seem designed to obfuscate. Looking back at the Topbetta history doesn't instil me with confidence. Yeah, revenue has grown, but most of that growth is due to buying Sportech with investors' funds and through other investor-funded (or diluted) 'sponsorship' arrangements.
How sure are you that the CEO has the confidence of major stakeholders? Should we be calling you Todd
I'll change my tune if I see some positive movement in the impending 4C report. Still, as it stands, I cannot see how the board is fulfilling its fiduciary obligation and that it is acting in the best interest of shareholders. I don't mind pissing into a fan if it helps in any way to remind the company that it cannot simply siphon profits without scrutiny and that it must provide shareholder returns.Cheers Teddy, I appreciate your candour.
I think the biggest bone of contention is that the CEO (and the board) have diminished credibility. E.g. According to the deal put to shareholders, Tripp wasn't to be paid additional cash on top, but he was, and NJ fixed odds was on its way to being rolled out, but it wasn't.
The ASX announcements to date, particularly the one in which Tripp's bonus was announced, seem designed to obfuscate. Looking back at the Topbetta history doesn't instil me with confidence. Yeah, revenue has grown, but most of that growth is due to buying Sportech with investors' funds and through other investor-funded (or diluted) 'sponsorship' arrangements.
How sure are you that the CEO has the confidence of major stakeholders? Should we be calling you Todd
Lattelarry
Regular
I would like them to win business without giving away large amounts of cash or options. Simply offering the best product at a competitive price.
Could Betr have been won without Tripp? I think it's a high chance given Davey's involvement.
But raising funds at $0.70 has turned out to be a very good move.
TW was protecting his loan. It amplified the fall but I don't blame him either.
At the end of the day the company really needs to deliver in the US and it seems even in NJ there has been minimal progress this last year.
If they can get NJ FO to take off and launch in a few more states then the SP will rapidly move upwards. The question is if they can do this.
comin2getme
Member
Senate Bill Proposed To Allow NY Sports Betting Kiosks At Stadiums
Sen. Joe Addabbo proposed a bill to integrate fixed odds horse betting within New York sports betting markets and authorize kiosks at stadiums.
www.playny.com
comin2getme
Member
It's mind boggling that they don't just break down the barriers and open the whole thing up nationally and internationally. It's as if the people who have had control have been running the racquet their way for too long. Time to catch up U.S.A.
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