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hey clinthang in there mate an email replied from them...

  1. 721 Posts.
    hey clint

    hang in there mate

    an email replied from them recently
    stating
    - sportsbet timeframe 6-9 months
    - they believe there wont be much movement in the shareprice until they are cashflow positive (as a reflection of general market conditions) I think that there are only about 400k of shares on the table anyway which equates to a about $25-30k
    remember only 110m available. so when it levels up on the cash flow it will start to move and i believe considerably
    - they are working hard on Unitab and other broadcasters

    I always find them to be non speculative with a bit of confidence in what they are up to, no panic, low profile, never over expecting on results. Whats more he always has the decency to respond in a few days. The few companies i have contacted either sound like they are spruiking or they dont get back to you at all, so this lot particularly Ben Reichel bring a nice change.
    My opinions are
    - that there is something before Xmas - some language used in one of the recent reports AGM or BRR alluded to such.
    - that the commission is in fact higher than 2%. The actual details are not available, but i know the TAB will encourage users to move away from phone and outlet operations for staffing reasons

    cheers mate


 
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