Forum Archive Index - July 2001

["Wedde, John" <john.wedde@cit.ac.nz>]

Nick,
They are much more liquid on the ASX. 
I hold EBet [on ASX] and believe they have a lot of further upside in the
medium / long term.
Watch Canbet as well. Sky City own 33%. I purchased some of these yesterday.
People will always gamble. I believe I've read somewhere that, suprisingly,
when times are tough people gamble more! 
Cheers, 
John
 

-----Original Message-----
From: nick [mailto:helmett@xtra.co.nz]
Sent: Wednesday, 25 July 2001 17:06
To: sharechat@sharechat.co.nz
Subject: [sharechat] Ebet: Time for a punt?


   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
        
    
       
 

 


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