Is PointsBet (PBH) worth a punt?

Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

Ask a question

The Latest Q&A

Question asked 18/09/2021

Is PointsBet (PBH) worth a punt?

Hi James,

Keen on your thought for PBH moving forward. Clearly on the nose after the capital raise but I’m pretty bullish on it medium term.

Thoughts?

Regards

Scott Donald

Answer

Hi Scott,

MM indeed holds PBH in our Emerging Companies Portfolio and like yourself we are optimistic on its prospects moving forward, this may be one where patience is required but we like the deals and inroads the companies making into the US – they’re going big in a big market. The share price is function of the recent capital raise I suspect – at $400m it was huge for PBH. I put a bid into the institutional book (granted it was through a competing broker but a mate there) and got zero i.e. the demand was very strong at the time.

chart

PointsBet (PBH)

LAST UPDATED 17/09/2021 16:57

Latest Reports

Afternoon report 24/04/2024

The Match Out: CPI dents equity rally ahead of ANZAC Day

Equities followed the US market higher this morning, also adding a little premium thanks to a handful of positive quarterly reports that were announced after the North American markets closed. That all took a back seat as inflation data printed late morning, CPI coming in hotter than expected which sent the market into a spin, falling ~0.6% at the time before finding some relief. In the end, the index closed little changed, a good result given the circumstances though largely thanks to support from the Big 4 banks.

Morning report 24/04/2024

Portfolio Positioning: Bonds fell, dragging stocks along for the ride, both are now basing in our opinion

Bond markets have struggled over recent weeks as inflation appeared increasingly “sticky,” but it hardly registers on the chart compared to their weakness through 2021/2 and mid-2023. We believe the local credit markets have come back to realistic levels as the RBA awaits further economic data to deliver clarity on the underlying strength and direction of the local economy. Traders have gone from being far too optimistic on rate cuts into Christmas to becoming almost pessimistic; the US futures markets have gone from pricing in three cuts to 1.77 cuts, or one definitely, and probably two.