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Thoughts on Aristocrat (ALL) and PointsBet (PBH)

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Thoughts on Aristocrat (ALL) and PointsBet (PBH)

Hi James, Your thoughts on ALL which has fallen ~30% in last six months and basket case PBH....which seems to be in permanent in free fall! Cheers Mick


Hi Mick,

Most certainly 2 very disappointing stocks through 2022 with both residing in different MM portfolios:

Aristocrat Leisure (ALL) – the stock / company have struggled this year not being helped by ~1,000 staff living in the Ukraine, as the saying goes when its rains it pours. The company delivered  a solid report in March and we still feel the next 20% is up however we could see ourselves exiting the stock around $38 if the opportunity does arise.

PointsBet (PBH) – the wagering business has endured a horrible 2022 so far, technically its a tough call but we can see $4 before $2 but the stock clearly needs a tailwind of positive news at this stage as it appears unfortunately friendless. We still think the operating business is worth more than $250m, which is essentially their market cap  minus the cash they have on their balance sheet.


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Aristocrat Leisure (ALL)
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