Forum Archive Index - September 2001

[Adam Rands <adamlist@iguana2.com>]

I agree Nick

I have been a holder of Ebet since its float.

Ebet are winning a lot of business in NSW and have been making great in 
roads into the States

The biggest threat to EBet is with the Australian Government. Any major 
change in Gaming policy could affect its outlook dramatically

This is why I was pleased to see that they are making money in the States. 
Their income streams are becoming more diversified which removes some of 
the risk mentioned above .

Further to this they have had a number of products (cashless gaming) on the 
shelf for the last 2 years which they have been unable to sell. Now that 
they have been approved by the government we should see some significant 
growth.

Cashless gaming will be huge in Australia - The Clubs and RSL's are prime 
targets for armed robbery (2 the other week). With these incidents on the 
increase many clubs will find it cheaper to install a cashless system 
rather than employing additional security staff and paying higher insurance 
premiums.

I hear that their business is close to being cashflow natural... My god.. a 
"tech" company may actually make a profit next year.

The one issue that I think holds back the Ebet share price is the 
uncertainty surrounding the expected distribution from its previous owner 
EGlobal (formally Coms21).  The distribution appears to be held up in the 
courts.....


Adam



Disc - Hold Ebet (and EGI) - waiting to make my money back.



At 02:29 PM 13/09/2001, you wrote:
>                Ebet is starting to deliver on a number of fronts. The
>cashless gaming machines appear to be gaining acceptance in the
>clubs of New south wales.  Today they announced a second contract
>with a large club.
>     Yesteday they also announced that its US office had this month moved
>into profit for the first time. The potential is enormous, go to
><http://stocknessmonster.com/>http://stocknessmonster.com/    to read the 
>full announcements.
>             Note also that eBet  provide regular and very detailed updates
>to the market, unlike certain e-stocks we could mention.
>  They are recommended as a buy by several broking houses but
>they remain fairly undiscovered as reflected in the shareprice.
>
>     Nick


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