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$25.00
Average Intrinsic Value
58.2%
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#ASX Announcement - New Initial
Added a week ago

UBS as the broker for various managed funds has become a substantial shareholder in PBH from 15/2/2021.  First purchases occurred on 16/10/2020.  There were some quite significant purchases on 15/2/2021.

Fund managers involved:

  • Bennelong Long Short Equity Fund
  • Ironbark Karara Market Neutral Fund
  • Regal Australian Long Short Equity Fund (+ Geared version)
  • Tasman Market Neutral Fund

The funds that together caused a substantial holdings are mostly long-short or absolute return / market neutral funds.

This notice contains approx 5.8m net shares that have been borrowed (shorted), mostly in Australia.

It's an interesting mix of information as I would have to assume some fund managers think the price is going to go down, through their net shorting 5.8m shares (4.9M borrowed in single transaction on 9/2/21), whilst others must be predicting a price rise through (a gut feel of the total) +1M share purchase on 15/2/2021.

I'm hoping it's all short-term noise.

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#New Partnership 10/2/21
Added 2 weeks ago

PointsBet and National Hockey League Announce Multi-Year Sports Betting & Marketing Partnership

10 February 2021 - Melbourne, Australia - PointsBet Holdings Limited (ASX: PBH) (the Company) today announced a multi-year strategic partnership with the National Hockey League (NHL), naming PointsBet an “Official Sports Betting Partner of the NHL”....

The agreement between PointsBet and the NHL spans across both the United States and Australia. As part of the partnership, PointsBet receives rights to use NHL marks and logos, as well as a variety of NHL sponsorship and promotional opportunities for its brand across various linear, digital, and social media assets.

Notably, the deal also provides PointsBet the ability to integrate content into live NHL game broadcasts across NHL media partners, including NBC Sports, NBC Sports Regional Networks, Altitude TV, and other potential future linear alignments.

Disc: I hold

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#4 x Announcements inc 4C
Added 4 weeks ago

Q2 FY21 Update

~ Group Net Win of A$44.6m up 148% on PCP

~ Record Net Win in Australia of A$49.8m, up 240% on PCP ? 13.5% online handle market share in New Jersey(1) for the quarter

~ 14.7% market share in Illinois by online handle and 3.6% by total online bet count(2)

~ 4.2% online handle market share in Indiana(3) for the quarter

~ Active Clients(3) in the US up 222% on the PCP and up 71% since 30 September 2020

~ Launched operations in Colorado in November

~ 428k bets processed on Melbourne Cup Day

Appendix 4C, Quarterly Activities Report and Trading Update ~  Attached

Q2 FY21 INVESTOR PRESENTATION & TRADING UPDATE ~

https://cdn-api.markitdigital.com/apiman-gateway/CommSec/commsec-node-api/1.0/event/document/1410-02334837-76EH14J6VNT5P436MCFPQJV9TE/pdf?access_token=GjxZwrvpQlACfwF2WiBKZkpeP605

PointsBet Appoints Shaquille O’Neal as Australian Brand Ambassador ~

https://wcsecure.weblink.com.au/pdf/PBH/02333167.pdf

PointsBet Appoints Paige Spiranac as Brand Ambassador ~

https://wcsecure.weblink.com.au/pdf/PBH/02333629.pdf

Disc: I Hold

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#ASX Announcement 21/1/21
Added a month ago

PointsBet Obtains Approval to Go Live with Online Sports Betting in Michigan

21 January, 2021 - Melbourne, Australia - PointsBet Holdings Limited (ASX: PBH) today announced its wholly owned subsidiary PointsBet Michigan LLC (the “Company”) has been authorised by the Michigan Gaming Control Board (MGCB) to commence online sport betting operations on Friday, 22 January 2021 at 12 noon (US EST time). Michigan will become the sixth operational US state for PointsBet, following successful launches in New Jersey, Iowa, Indiana, Illinois, and Colorado.

Michigan will also see the inaugural launch of PointsBet’s iGaming product in H2 FY21 following receipt of the necessary MGCB approvals

DISC~ I hold

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#ASX Announcements
Added 3 months ago

17 November, 2020 - Melbourne, Australia - PointsBet Holdings Limited (ASX: PBH) (the “Company”) today announced that its wholly owned subsidiary, PointsBet Colorado, LLC (“PointsBet”) has launched in the State of Colorado and has taken the first bet.

This represents the Company’s fifth online sportsbook operation in the United States. The next launch is planned for Michigan in Q3 FY21. Michigan will also see the inaugural launch of PointsBet’s iGaming product.

Prior to launching in Colorado, PointsBet inked a multi-year partnership with Kroenke Sports & Entertainment, LLC ("KSE") making them the official and exclusive partner of the Denver Nuggets of the National Basketball Association, Colorado Avalanche of the National Hockey League, Colorado Mammoth of the National Lacrosse League, and their home venue, The Ball Arena (formerly the Pepsi Centre). Likewise, Learfield IMG College, the media rights holder of University of Colorado Athletics, and PointsBet also announced a multi-year corporate sponsorship agreement that makes PointsBet a proud and exclusive partner of the Colorado Buffaloes.

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#ASX Announcements
Added 4 months ago

PointsBet Appendix 4C and Quarterly Activities Report

Melbourne, Australia, 27 October 2020 –PointsBet Holdings Limited (ASX:PBH) (“PointsBet” or the “Company”) is pleased to provide its Quarterly Cash Flow Report (Appendix 4C) for the quarter ending 30 September 2020 (“Q1 FY21”)

QUARTERLY HIGHLIGHTS – Q1 FY21 PointsBet reported strong PCP growth across the following key metrics:

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#NCAA
Added 5 months ago

Contract between The University of Colorado and PointsBet is believed to be the first high-profile sports gambling deal in major college athletics.

The University of Colorado will get at least $1.625 million as part of a five-year advertising agreement with the gambling company, as well as receiving a $30 referral fee for each new gambling customer it sends to PointsBet.

That’s according to a copy of the contract between PointsBet and Buffalo Sports Properties LLC, CU’s private fundraising wing, which is listed as the primary provider in the deal. Sports Illustrated obtained a copy of the contract through a public records request.

https://www.si.com/college/2020/10/03/inside-colorado-pointsbet-deal 

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#ASX Announcements
Added 5 months ago

"PointsBet Launches Retail Operations in Illinois and announces new Sports Betting Partnerships

28 September, 2020 - Melbourne, Australia - PointsBet Holdings Limited (ASX:PBH) (the “Company”) today announced that its wholly owned subsidiary, PointsBet Illinois, LLC (“PointsBet”) has launched retail sports betting operations in the State of Illinois and has taken the first retail bet at the Hawthorne Race Course. This follows the launch of online operations earlier this month.

The launch follows the inking of a deal which appoints PointsBet as the first official Sports Betting Partner of the Chicago Bears NFL franchise. Through the partnership, PointsBet will gain usage of Chicago Bears trademarks and logos, as well as sponsorship opportunities and brand visibility across various digital assets. PointsBet also recently announced a partnership with Chicago Bears legend, Devin Hester, further evidencing its commitment to the state of Illinois.

In addition, PointsBet has also recently entered into a deal which will see it become an official Sportsbook Partner of the Indianapolis Colts NFL franchise. Similar to the Bears deal, PointsBet will gain usage of Colts trademarks and logos, as well as sponsorship opportunities and brand visibility across various digital assets. PointsBet will become the sponsor of the “Official Colts Podcast” which is circulated across the team’s various digital assets. Additionally, PointsBet gains access to mobile app push notifications for Colts regular season games prior to kick off, access to various Colts social media assets, advertisement opportunities, and spots during the Colts Roundtable Live radio shows. ..."

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#Management
Added 6 months ago

Hi guys - To add further to the Pointsbet story, please find attached a link to a podcast that Alan Kohler did with Sam Swannell (CEO) about the deal – it provides the details from the horses mouth. I’ve had to upload it to my personal drive as its located behind Eureka Report paywall.

https://1drv.ms/u/s!AlC9ZV_qvm88_FVlTdiPYC1tfL0g?e=5aZ6Un

 

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##Bull Case
Added 6 months ago

only had 1k to spend in lowest week of the Crash so I picked to rebuy PBH at 1.69 what luck on that 5 years of growth in a few months.

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#Capital Raise
Added 6 months ago

PBH Capital Raise Entitlement Offer

Eligible shareholders under the Entitlement Offer will be able to subscribe for 1 New Share for every 6.5 shares held (Entitlements) at 7:00pm (AEST) on Wednesday, 9 September 2020 (Record Date) at the Entitlement Offer Price of A$6.50 per New Share.  

The Entitlement Offer Price represents a 48.9% discount to the theoretical ex-entitlement price (TERP - excludes New Shares issued via the Placement) of A$12.731 based on the  A$13.69 closing price of PointsBet shares on ASX on Wednesday, 2 September 2020. 

For every 2 New Shares that are issued pursuant to the Entitlement Offer, Eligible Shareholders will also be issued one New Option at no further cost. Each New Option will be  exercisable into one New Share at an exercise price of A$13.00 at any time until expiry of  the New Options on 30 September 2022. 

The Company will apply to ASX for quotation of the New Options, which is expected to commence on completion of the Retail Entitlement Offer. 

The Entitlement Offer comprises:

• An Institutional Entitlement Offer: Eligible institutional shareholders will be entitled  to participate in the Institutional Entitlement Offer which will take place from Monday,  7 September 2020 to Tuesday, 8 September 2020. Eligible institutional shareholders  can choose to take up all, part or none of their Entitlements. Entitlements that eligible  institutional shareholders do not take up by the close of the Institutional Entitlement  Offer, and Entitlements that would otherwise have been offered to ineligible  institutional shareholders, will be sold through an institutional shortfall bookbuild on  Tuesday, 8 September 2020 and any proceeds in excess of the Entitlement Offer  Price will be paid to the relevant PointsBet shareholders (net of any withholding tax  and expenses). 

• A Retail Entitlement Offer: Eligible retail shareholders in Australia and New Zealand will be entitled to participate in the Retail Entitlement Offer at the same price as the  Institutional Entitlement Offer (A$6.50 per New Share). Eligible retail shareholders  have a number of options under the Retail Entitlement Offer: 

- elect to take up all or part of their Entitlements by the Retail Entitlement Offer closing date of 5:00pm (AEST) on Tuesday, 22 September 2020; 

- sell some or all of their Entitlements on ASX between Wednesday, 9  September 2020 and Tuesday, 15 September 2020; or 

- do nothing and let their Entitlements be offered for sale through the retail shortfall bookbuild process managed by the Underwriter, with any proceeds in  excess of the Entitlement Offer Price paid to the relevant PointsBet  shareholders (net of any withholding tax and expenses).

Entitlements that would otherwise be offered to ineligible retail shareholders will be sold through a retail shortfall bookbuild on Friday, 25 September 2020 and any proceeds in excess of the Entitlement Offer Price will be paid to the relevant PointsBet shareholders (net of any withholding tax and expenses). A Prospectus containing information in respect of the Retail Entitlement Offer and the New 
Options, together with a personalised Entitlement and Acceptance Form, will be made available to eligible retail shareholders on Friday, 11 September 2020. The Prospectus will also be lodged with ASX on Monday, 7 September 2020. Eligible retail shareholders should read the Prospectus in full before deciding whether to subscribe for New Shares and New Options, sell their Entitlements or do nothing.

Disclosure: I hold PBH 

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#Bull Case
Added 6 months ago

ABSOLUTELY smashed it ... $20 here we come

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