15/05/2023 16:58

PointsBet Holdings (PBH) $1.455

PBH -21.14%: the wagering company has agreed to sell its US operations for $US150m with plans to return the money to shareholders along with the bulk of the cash on the balance sheet. The deal ends PointsBet’s ~5-year push into the US which has been bleeding money in a fragmented and competitive market. The company will continue to run the Australian & Canadian segments.

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09/11/2022 10:31

Emerging Companies Portfolio – Amendment (s)

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31/08/2022 17:28

Pointsbet (PBH) $2.90

PBH -11.85%: a disappointing FY22 result from the wagering company today weighed on the stock price. Pointsbet has been spending money to grow aggressively and the marketing cost was nearly 80% of total revenue. This saw EBITDA miss expectations as losses widened to $243.6m despite a 52% increase in revenue. Cash grew to $472.7m, however, this relied...

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27/07/2022 09:35

Emerging Companies Portfolio

The portfolio was up +3.38% in the week, outpacing the performance of the small ords index.  Cash in the portfolio is sitting at around 4%. Strong moves by PointsBet (PBH), Adore Beauty (ABY) & Pinnacle (PNI) all rallying over 13%. These gains were partially offset by ~10% falls in both EML Payments (EML) and Nitro Software (NTO) after poor updates. The small...

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13/07/2022 09:38

Emerging Companies Portfolio

The portfolio was down -2.42% in the week, cash remains at around 4% with no changes to the portfolio. EML Payments (EML) was the biggest drag falling more than 25% after the CEO departed in mysterious circumstances. Lynas (LYC) and PointsBet (PBH) fell -16% and -12% each as well. Select Harvests (SHV) bounced back more than 10% and Pinnacle (PNI) added 7% to be the top performers in the portfolio. This week we are looking at a number of changes in store for the portfolio.

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22/06/2022 09:29

Emerging Companies Portfolio

The portfolio was down -1.36% in the week, though outperforming the Small Ords which fell -2.5%. Cash remains at around 4% with no changes to the portfolio. PointsBet (PBH) bounced strongly, rallying 35% after Susquehanna took a large stake through a placement. EML payments (EML) was also up 13% on no news. Dubber (DUB) fell -15% on no news their either to be the weakest in the portfolio.

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20/06/2022 17:17

PointsBet (PBH) $2.55

PBH +18.6%: global arbitrage, market maker and prop trading powerhouse Susquehanna has become the largest shareholder after taking a placement in PointsBet. The $94m stake was placed at $2.43/share, a 13% premium to Friday’s close, through their subsidiary SIG Sports Investments. The deal will also see SIG affiliate Nelle Analytics provide services to PointsBet Europe to enhance their available data, allowing PointsBet to offer more...

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01/06/2022 09:53

Emerging Companies Portfolio

The portfolio was up +4.56% in the week with cash remaining at around 4% - no changes were made to the portfolio. Pointsbet (PBH) added 17.86%, Audinate (AD8) added +12.37% and Paladin (PDN) added +12.37% to be the star performers. Adore Beauty (ABY) -9.63% and Select Harvests (SHV) -2.16% were the only holdings to fall in the week. May was a pretty tough time in the broader market and the portfolio followed, falling -7.8% but broadly in line with the small-cap index.

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18/05/2022 09:37

Emerging Companies Portfolio

The portfolio added +0.76% for the week while cash sits around 4%. Our most recent purchase in Lynas Rare Earths (LYC) was the top performer up by +9.53% while Praemium (PPS) +7.96% & Audinate (AD8) +6.10% were also strong. Zip Co (Z1P) was down -11.54% and PointsBet (PBH) fell -6.74% to be the biggest drags.

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13/04/2022 08:51

Emerging Companies Portfolio

The portfolio was down -4.89% in the week with cash sitting at a little over 9%. Calix (CXL) traded to all-time highs but that failed to offset falls on a number of positions with tech particularly hard hit on the back of rising interest rate expectations. PointsBet (PBH), Whispir (WSP) and Zip Co (Z1P) all fell more than 15% to drag on performance this week. We are still looking to add Paladin (PDN)...

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