JIN 9.39% $11.30 jumbo interactive limited

let's just think logically about this for a while. Why...

  1. 627 Posts.
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    let's just think logically about this for a while. Why would tabcorp terminate Jumbo's right to sell their tickets when the full cost of the ticket still goes to tabcorp anyway? All Jumbo do is clip the ticket with a fee. Tabcorp get the benefit of selling more tickets without the marketing costs that Jumbo take on and inevitably have to spend themselves. Jumbo have huge margins, so most of their revenue falls to the bottom line, the reason it didnt this year is because of acquisition costs and increased business development. that means they have operating leverage, high roe, high cashflow - all traits of a fantastic business. It's no wonder tabcorp own such a large stake.
    Last edited by mitchy: 15/02/20
 
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