TBH's Investor Updates – Acquisitions To Increase Revenue

November 26, 2018 03:46 AM AEDT | By Team Kalkine Media
 TBH's Investor Updates – Acquisitions To Increase Revenue

The Betmaker’s Holdings Limited (ASX:TBH) has provided their shareholder’s breakdown with the top 40 shareholders having 64.04% shares at 143,518,457, while the directors, related parties and employees having about 7.57% at 13,707,221. The total number of shareholders stand at 1,102 with total shares on issue around 224,105,390. The market capitalization for the company is currently around $12.77 million.

To focus the business on products developed for the B2B wagering market the company has made a strategic decision, and with this strategy in mind the company has acquired both the GBS and Dynamic Odds businesses which now positions the company globally as the wholesale wagering partner of choice for racing. Not only in Australia but internationally the company sees a growing market for data, product and informatics for wagering operators.

Further to look at alternate solutions that can increase products, and increase margin while reducing overheads, the Australian wagering market has changed with regulators and government increases in taxes which has created a need for operators. The company believes that their product suite will also export into international markets.

The company expects to produce a profit margin more than $4M based on the execution of the current deals for the Financial Year 2020. The BetMakers DNA division are expected to drive more than $6M in revenues within current deals. The margin remaining after all expenses including rebates, race field fees and taxes, will be viewed as net revenues from the Global Tote.

The company transitioned to B2B model during the year and made two significant acquisitions with leading wholesale wagering supplier, Global Betting Services and leading odds comparison and Racing Authority technology partner, DynamicOdds.

To distribute their races for 500 per week into international markets including UK and Australia the Betmakers holdings limited Signed agreements with US Greyhound racing bodies. With punters, major wagering operators and racing bodies now using The BetMakers offerings The BetMakers customer base has expanded globally.

Generated from its key stakeholders including wagering operators, punters and principal racing authorities, the BetMakers now have multiple revenue streams. The Betmaker’s Holdings Limited traded at a market price of $0.057 as at November 26, 2018.


Disclaimer

This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.

Â

Â


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.


AU_advertise

Advertise your brand on Kalkine Media

Sponsored Articles


Investing Ideas

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.