Forum Topics PointsBet (PBH) Discussions
Chalky1610
3 days ago

Out late Friday afternoon, FanDuel Sportsbook/PointsBet topped the New Jersey online market with $28.5 million in gross revenue. Not only is it significant as being a sports better topping online market in New Jersey at the dollar value is of significance, well done Pointsbet.

Furthermore to the above good news, PointsBet second skin agreement with a casino in mid west New York is recognised and will be upheld in application paving the way for PointsBet to enter the significant lucrative New York sports betting market.  As more clarity evolves regarding legislation on matters associated with sport spending in New York it seems more clearer that Pointsbet future in New York is looking positive. 

I anticipate shortly a pending announcement from PointsBet with agreements and partnerships relating to entities in Pennsylvania which shall add another state in which points that aims to become a premier sports betting company. 

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Chalky1610
3 weeks ago

With only three (3) hours to go before New York announces its 2022 fiscal budget and based on price movement of PointsBet share price this morning it looks favourable that online sports betting will form part of the New York 2022 budget bringing in much-needed tax funds into a state that has been run into the ground by democratic Governor (Cuomo) and the radical Democratic De-Blasio. 

Politics aside having inclusion of online sports betting form part of the New York 2022 financial plan will provide a significant boost to PointsBet moving forwards. 

I could be wrong but it's looking favourable that on life support spending will form part of New York's tax income into the future. 

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Chalky1610
3 weeks ago

Sorry folks, ALBANY — The state budget deadline came and went at midnight Thursday without a passed spending plan for New York’s 2021-22 Fiscal Year as negotiations continue to face challenges amid the coronavirus pandemic.

but but but, sports online betting is still on the agenda ????

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Hi Chalky1610,

I noticed you've been giving a few company's a valuation of $0.00. For example James Hardie

https://strawman.com/reports/JHX/Chalky1610

I'm wondering if this is an accident? Are you forgetting to put a valuation in or are you meaning to post a straw instead of a valuation? Your notes/insight are great but I'm concerned multiple $0.00 valuations will skew the community consensus.

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Chalky1610
3 weeks ago

Sorry CanadianAussie I'm not as bright as most and really struggling to understand how things work on strawman. For example,  I have been trying to sell A2 milk for over the last six weeks without success, that's how clever (not) I am.

Onto matters of importance and hope my apology has been accepted but I do see PointsBet valued currently at around $17 and fully support broker reports of $18 northwards pending certain caveats such as, (1) New York finally approving online sports betting which is highly probable. (2) venture PointsBet into the third country in Canada and (3) increased exposure to further states as detailed in the most recent ASX announcement.

In short I am bullish for the long term and I dismiss the dross which is short-term movement or progress.  I have investments into PointsBet and sleep well at night.

Hope this alleviates any concerns on my failure to understand and navigate strawman but certainly enjoy and value site and its contributors. 

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Straws are generally for your research notes. People will put their thesis here (why they're buying, what they like, what they don't like), company announcements, write-ups on what the company does etc.

Less substantial items or something you want to have a discussion about is best to use the forum for. Go to the company page then click the forum for that specific company.The valuation tab is if you want to add a valuation for the company. If 5 people have a valuation and you put $0.00 it drags down the group consensus (unless of course you think it actually is worth $0.00). For example a DCF valuation, comparable, or some multiple (EV/EBITDA, P/E, P/S). 

Give this a watch:https://strawman.com/blog/strawman-5-minute-walkthrough/ 

If you are still not sure or have any questions just ask. People are very helpful on here.

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Bear77
3 weeks ago

That A2 Milk Sell order will go through as soon as the prices from the close of trade today are updated on the Strawman.com site Chalky1610.  Your order is priced 1c below today's closing price, and you placed the order before the 4pm (Sydney time) cut-off, so it will get processed at today's closing price of $7.75/share.  There must have been a hiccup in the system, because the share prices have not updated yet, as at 11:30pm.  They are still showing Wednesday's closing prices.

Just on what CanadianAussie is saying about $0 valuations.  Not only do they drag the community consensus valuation down for each company you give a $0 valuation for, they also mean you'll likely get a lot of "downvotes" for your valuations, because most rational people won't value these companies at $0, particularly when you are presenting a bullish investment thesis for the company at the same time.  When you are filling in a valuation, you are typing into a box marked "Notes".  Above that box is a smaller one marked "Valuation" and the default amount is always zero.  You need to type a number in there that corresponds to what you think the company is worth (price per share a.k.a. share price) otherwise your valuation gets posted with a $0 valuation.  I often use price targets instead of valuations, meaning a price that I think the company is going to go up to (if I think the market is undervaluing the company) or down to (if I think the market is overvaluing the company).  It doesn't matter as long as you put a value there that hopefully corresponds with your notes underneath.  You'll find you'll get less downvotes and more upvotes as a result.  Your $ valuation needs to match your view of the company, so clearly it doesn't make sense to say they're a good company but they're worth $0 per share.  Hope that helps. 

You can change (edit) the valuations any time, even after you've posted them.  It will reset the upvote/downvote count to zero when you do, but that can be a good thing sometimes.

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Strawman
3 weeks ago

We'll get prices updated ASAP, and all trades will settle then. Apologies for the hiccup.

If ever you're not sure why a trade didn't go through or want to report or suggest anything, were always happy to be contacted via email (admin@strawman.com)

Hope everyone has a nice weekend :)

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Chalky1610
2 weeks ago

Thunderbirds are Go

Lawmakers are on the verge of finalizing a bill to allow legal, online sports betting in New York, Gov. Andrew Cuomo said Monday.

The agreement could open the floodgates to billions of dollars in wagers that are projected to eventually generate $500 million in annual revenues for the state, Cuomo said.

“We have a conceptual agreement on all issues,” Cuomo told reporters during an afternoon conference call.

The major sticking point involves who would handle the action, with the governor favoring a single, app-based bookmaking operation and the Legislature favoring several.

The Legislature also wants to allow sports betting on Native American reservations and at the state’s “racinos.”

Legislation to enact an agreement would be part of the state budget package, which was due on April 1 and is now five days late.

Cuomo said this year’s budget process has “been complicated” by the COVID-19 pandemic, which has prevented officials from meeting in conference rooms in the state Capito to hash out their differences.

https://nypost.com/2021/04/05/gov-cuomo-says-deal-near-for-online-gambling-in-new-york/

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Chalky1610
3 weeks ago

PointsBet Holdings Ltd (ASX: PBH)

The PointsBet share price has sunk 10% to $12.17. This appears to be due to concerns over online sports betting legalisation in New York. Deutsche Bank stated: “Comments from NY politicians, as reported by affiliate media, appear far more pessimistic than those of several weeks ago around the prospects of NY legalising online sports betting in this session.” This would be a big blow, as the market is expected to be worth US$1.35 billion by 2023.

https://www.fool.com.au/2021/03/30/why-blackmores-cleanspace-pointsbet-treasury-wine-shares-are-sinking/

Although I'm struggling to understand the significant selloff considering New Jersey just a hop skip and a jump from New York will be taking up the slack so in my humble opinion and other reaction to something that the market knew was highly probable from the start.

Yet another year to wait until the disgraced governor Andrew Cuomo who is accused of sexual abuse and harassment is either impeached or removed from office.

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Chalky1610
3 weeks ago

Leading broker puts buy rating on PointsBet (ASX:PBH) share price

According to a note out of Goldman Sachs, the recent weakness in the PointsBet share price could be a buying opportunity.

This morning the broker initiated coverage on the company’s shares with a buy rating and $17.50 price target.

Based on the latest PointsBet share price, this implies potential upside of almost 43% over the next 12 months.

https://www.fool.com.au/2021/03/31/leading-broker-puts-buy-rating-on-pointsbet-asxpbh-share-price/

 

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