Forum Archive Index - July 2001

[jerrold poh <pohj@ihug.co.nz>]

I like the sound of E-Bet, but yeah ... I personally don't invest in
certain shares which my conscience can't handle, such as cigerette, porn,
and gambling companies .. anyway, just thought I might aswell say it out
loud since there maybe newbie investors out there who've never thought of
such issues :).



Jerrold.


On Wed, Jul 25, 2001 at 05:42:35PM +1200, Wedde, John wrote:
> 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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