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    BBT   AU0000157075

BLUEBET HOLDINGS LTD

(BBT)
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BlueBet : Morgans rates BBT as Add

09/06/2021 | 08:31pm EDT

BlueBet Holdings has withdrawn its Virginia licence application. Nevertheless, the market entry strategy in the US is unchanged and management is looking at potential market access as a B2C provider in Colorado, Tennessee and Maryland.

Yet Morgans suspects the market needs to witness greater progress on US access before re-rating the stock. Meanwhile, the core Australian business remains strong. Add rating retained. Target falls to $2.57 from $2.80.

Target price is $2.57.Current Price is $1.94. Difference: $0.63 - (brackets indicate current price is over target). If BBT meets the Morgans target it will return approximately 25% (excluding dividends, fees and charges - negative figures indicate an expected loss).

© 2021 Acquisdata Pty Ltd., source FN Arena

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Financials
Sales 2022 46,8 M 35,0 M 35,0 M
Net income 2022 -2,69 M -2,00 M -2,00 M
Net cash 2022 48,3 M 36,1 M 36,1 M
P/E ratio 2022 -138x
Yield 2022 -
Capitalization 351 M 263 M 262 M
EV / Sales 2022 6,47x
EV / Sales 2023 4,78x
Nbr of Employees -
Free-Float 30,4%
Chart BLUEBET HOLDINGS LTD
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Technical analysis trends BLUEBET HOLDINGS LTD
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 2
Last Close Price 1,76 AUD
Average target price 2,64 AUD
Spread / Average Target 50,1%
EPS Revisions
Managers and Directors
William Barnes Richmond Chief Executive Officer, MD & Executive Director
Darren William Holley Chief Financial Officer
Michael David Sullivan Executive Chairman
Gary Harris Chief Technology & Information Security Officer
David John Fleming Independent Non-Executive Director
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