Forum Archive Index - July 2001

["nick" <helmett@xtra.co.nz>]

   Are ebet a good punt?

               The price of ebet share has been held back

in recent times for two reasons. Firstly the potential threat

of Australian government legislation to ban online gaming,

and secondly being seen as an internet stock.

        The threat of legislation now seems to have passed,

and the company can now cocentrate on building up a

good buisness.

       The news last week that the company had recieved

approval to launch its card based payment system

was seen by the company as

          "the single most- important

      development in eBets history thus far"

The managing director went on too say that demand for

EPS systems throughout NSW would probably give the

company a record operating profit for the 2002 financial year.

     NSW is the second largest gaming region in the world

so clearly offers big potential.

  The company also provides the website etc for the online

operations of the NZTAB . Any of you who have visited this

site will know what a profesional set up they have in place.

 The site is now generating huge turnover, especially since the

minimum bet was reduced to one dollar.

      eBets online operations have been steadily growing and they

recently formed Bet USA, a joint venture with American firm

 Penn National Gaming.

       It looks like the future for this company could be bright, they

appear to be heading in the right direction and the launch of

the electronic payment system could well be kick start which will

take the company upwards.

         >From a technical point of view the shareprice has just moved

above its 200 day moving average, many technical indicaters are now

giving this stock as a buy, however it has to be remembered that

the stock is very thinly traded.  On the plus side this does

mean that it will not take much buying pressure to lift the price of the

stock. 

  

       Nick