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JIN, JUMBO INTERACTIVE LIMITED
blacksheep
post Posted: Sep 3 2019, 10:54 AM
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In Reply To: blacksheep's post @ Aug 19 2019, 07:57 PM

Updated chart. SP currently $22.36 - reached a 52 week high of $22.835 on Friday 30/8
Short sales still climbing - as at 27/8/19 = 3.21%
https://www.shortman.com.au/stock?q=jin
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 19 2019, 07:57 PM
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In Reply To: blacksheep's post @ Aug 14 2019, 07:54 PM

FY19 PRELIMINARY FINAL RESULTS
 TTV $321 million – up 75%
QUOTE
 Revenue $65 million – up 64%
 NPAT $26.4 million – up 124%
 FULLY FRANKED FINAL DIVIDEND 21.5 cents

Leading internet lottery business, Jumbo Interactive (ASX:JIN), today released full year results
that are highlighted by strong customer growth and engagement, supported by increased large
jackpot activity, resulting in record financial results.

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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 14 2019, 07:54 PM
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In Reply To: blacksheep's post @ Jul 18 2019, 06:43 PM

Updated chart - SP finished today @ $20.71 - up 4.49%. Next resistance point $21.10 - support @ $20.06
Total short positions as at 8 August 2019 = 3.14%
https://www.shortman.com.au/stock?q=jin
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jul 18 2019, 06:43 PM
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In Reply To: nipper's post @ May 8 2019, 06:38 PM

SP closed today @ $19.92.

1 year Chart below. Has had an amazing run. Can it continue? Tonight's Powerball jackpot of $110m should get online punters even more excited
Total short position @ 12/7/2019 = 2.20%
https://www.shortman.com.au/stock?q=jin

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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: May 8 2019, 06:38 PM
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QUOTE
If there’s one thing that won’t be going out of fashion anytime soon, it’s a special dividend – and Jumbo Interactive Ltd (ASX: JIN) is the latest to reward shareholders...

The online lottery company said it would pay a fully franked special dividend of 8 cents a share and JIN's share price defied the slump on the S&P/ASX 200 Index to trade higher, although it later lost ground.

But Jumbo Interactive’s special dividend wasn’t a big surprise and that could explain why it didn’t enjoy a stronger bounce. The company had paid a special dividend in the last two consecutive years and shareholders could smell another one in the air given the company’s strong balance sheet.

Management said it will have around $11 million in retained earnings and $10 million in franking credits after paying the special dividend – leaving Jumbo Interactive with enough firepower to undertake other capital management programs in the not too distant future.

“Cash reserves available following this special dividend will be in the region of $53 million for any potential acquisitions, expansion opportunities and/or a further special dividend in the future,” said the company in a statement.

Further, shareholders can expect an increase in the final dividend too when Jumbo Interactive reports its full year results in August. Management is guiding for a net profit of $24.2 million for FY19, and if the dividend policy of paying 85% of net profit is unchanged, this would imply a final dividend of around 18 cents per share.

The company doubled its interim dividend of 15 cents a share in February this year, and that means shareholders stand to collect 41 cents in total for FY19. This puts the yield at around 3.6% if franking credits are included.

It’s not quite enough to appeal to income investors although some might be happy to buy and hold given the big growth in Jumbo Interactive’s dividends over the last few years.
Motley Fool



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Mar 5 2019, 10:04 AM
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Up 200% in a year
QUOTE
[Jumbo is] cashing in on the Australian addiction to gambling, which is increasingly moving online.

There is a certain contradiction inherent in Jumbo Interactive's success. In April last year, the rules surrounding jackpots for Australia Powerball were changed.

Although the odds of winning a prize improved from 1 in 78 to 1 in 44 for Powerball prizes, the chances of landing a jackpot lengthened from 1 in 76.7 million to 1 in 134.4 million.

This had the obvious mathematical impact of making bigger jackpots, which, in turn, made gamblers think they had a better chance of winning.

In the six months to December the average jackpot size reached $37.4 million compared to $26.7 million in the previous corresponding period.

Jumbo Interactive significantly upgraded its profit outlook in its latest results. It said it expected 40 large jackpots for the full year, and total transactional value to reach $296.4 million and revenue to reach $60.8 million. EBITDA is expected to reach about $37 million, net profit is expected to reach $24.2 million. EBITDA margin has risen from 30 per cent to 63 per cent over the past four years.
Chanticleer



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 


blacksheep
post Posted: Dec 8 2018, 02:00 PM
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In Reply To: blacksheep's post @ May 21 2018, 01:03 PM

Lottery operator Jumbo Interactive cashes in on large jackpots
Written on the 7 December 2018 by Ben Hall

QUOTE
Shares in online lottery operator Jumbo Interactive (ASX: JIN) have surged nearly eight percent after it released a trading update which forecast a rise in first half profit of more than double the previous period.

The trading update for the half year to December 31, 2018, forecasts net profit after tax (NPAT) of $11.8 million which is a rise of 123 percent along with an increase in total transactional value (TTV) of 64 percent to $145.8 million and a revenue increase of 55 percent to $29.9 million.

The company says the strong growth is being driven by increased customer activity on the new software platform which performed well during a run of large jackpots in the first half of this financial year.

"The strong performance in the first half is driven by continual improvements in our software platform and online marketing that have engaged existing customers as well as acquired new customers, taking full advantage of the favourable jackpot activity", says Mr Mike Veverka, CEO and founder of Jumbo Interactive (pictured).

The frequency of large jackpots above $15 million, which is expected to be 21 by year's end, and the average large jackpot value of $38.3 million (compared to $26.7 million in the prior corresponding period) helped drive the strong forecasts.


read more - https://www.businessnewsaus.com.au/articles...e-jackpots.html
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: May 21 2018, 01:03 PM
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JIN has had a stellar run.

Forager Funds article provides an insight into why they're now sold out of JIN.

QUOTE
We are out. Last week the Forager Australian Shares Fund sold its last remaining shares of online lottery ticket reseller Jumbo (JIN). Our margin of safety dwindled in the past year and it was time to exit this very successful investment.


https://foragerfunds.com/news/jumbo-risks-all-but-forgotten/
https://www.shortman.com.au/stock?q=jin
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Feb 20 2018, 03:07 PM
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QUOTE
Jumbo Interactive, the online lotteries ticket e-tailer, has announced another strong result with earnings for the half year of $5.3 million, beating the company's upgraded guidance from last month by 6 per cent.

Back in July, when JIN last appeared in Dividend Detective, the scene was set for a much improved FY18. The company had finalised exits from loss-making international business six months prior and this was followed by the consolidation of state-based contracts with Tatts (now Tabcorp, TAH), which were extended until 2022.

Then in December, the Northern Territory government prohibited NT-licensed betting operators from taking wagers on Australian-based lotteries, eliminating the threat of NT-licensed Lottoland to JIN and Tatts.

Relieved of these key risks, JIN's cash generation and strong balance sheet attracted attention. As a result, shares are up over another $1 or 30 per cent, even after paying 20c of fully franked dividends in the period.

Investors have enjoyed sustained strong returns, but there remains more than satisfactory opportunity in JIN. Taking stock using 1H18 figures, JIN's balance sheet is flush with $34m net company cash. Including 2H cash flow and the expected cash injection from TAH exercising its remaining 3.7 million options, JIN's net cash position will grow to about $45m by June 30.

Given investments in platform improvements and new product lines such as charities lotteries are largely complete, there is a strong case for excess cash funding another special dividend this year. On this basis, JIN could comfortably fund the payment of a further special dividend of about 20c a share, fully franked.

Adjusting for estimated net cash at June 30, and additional shares to be issued to TAH in May, JIN's implied enterprise value of $155m is less than 12 times FY19 free cash flow: this is a modest multiple to pay for a high-quality, capital-light business growing at above-average rates. We believe intrinsic value lies above $4.

Online retailing of official government lotteries is effectively a duopoly (with TAH). This means that two players absorb the migration of customers from newsagents to the online channel within a market totalling $4bn of sales. In Australia, online penetration has more than quadrupled since 2010 to 16.5 per cent, whereas in some offshore markets the percentage exceeds 40 per cent. JIN's growing database of more than two million verified accounts supports ongoing engagement with customers in a low-cost manner. Meanwhile, the charities lotteries are proving a valuable addition.

Jonathan Wilson is an analyst for the Clime Smaller Companies Fund.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Jul 23 2017, 03:56 PM
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QUOTE
Forecast FY2018 distribution: 14c + 15c per share, special, fully franked

Only two months have passed since lotteries e-tailer Jumbo Interactive appeared in Dividend Detective, but already it’s time for an update. Picking up where we left off, Tatts’ nemesis and global lotteries waging provider, Lottoland, had recently acquired a 7 per cent stake in JIN.

It was assumed at the time this might trigger a move by Tatts to block any potential for Lottoland to gain control of JIN, and with it, access to JIN’s prized database of two million qualified leads.

As it turned out, a few days later on May 12, JIN announced a new agreement with Tatts, with all short-term state-based reseller arrangements extended for five years, conditional on any competitor’s stake in JIN being limited to 10 per cent.

Tatts itself took a 15 per cent stake in the company via the issue of new shares, and a Tatts representative was invited to join JIN’s board.

Later, on 30 May, JIN guided for earnings to lift an expected 21 per cent to $5.7 million driven by exits from the loss-making international venture at the end of last year. The dividend policy also moved to a higher payout ratio of 85 per cent of earnings.


Previous doubts about JIN have been put to rest, with clarity about its relationship with Tatts and the company signalling confidence in its earnings capacity via increased dividends. Shares appreciated in the last 18 months from $1 to over $2.80, but there are still opportunities for investors.

Recently JIN has also quietly positioned itself as the online distribution partner to some of Australia’s largest charity lotteries. About $1 billion of charity lottery tickets are sold in Australia each year. It’s a big market, and most charities use rudimentary marketing techniques to sell tickets, so their margins suffer.

JIN’s platform can handle all the communications, ticketing and prize distributions. It offers charities scale and reduced costs, even while JIN maintains its own healthy margins.

To cap an eventful couple of months, JIN announced a 15c fully franked special dividend (record date: July 25). After the special, JIN will have $9 million in franking credits and about $30m net cash to fund investments and dividends. The stock is worth well over $3.

- Jonathan Wilson is an analyst for the Clime Smaller Companies Fund



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
 


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