News and Announcements
Jumbo (ASX: JIN) Receives $15.6m Investment from Tatts Group, Reaches $142m TTV & Share Price Up 67%
- Published July 17, 2017 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Jumbo is a leading digital retailer of official government and charitable lotteries. Jumbo operates the world’s best digital lotto experiences by developing engaging and entertaining purchase experiences across a range of digital platforms.
The 2017 FY saw the strengthening of Jumbo’s alliance with the largest and most dominant company in the Australian Gaming Industry, with the Tatts Group investing $15.6M, and acquiring a 15% stake.
Performance
Comparing like-for-like jackpots, sales are growing consistently, with the TTV for FY2017 reaching $142M.
Jumbo’s share price has increased 67% in the past 12 months, from $1.68 this time in 2016, to $2.82 as at the time of writing.
Growth Potential
Online lottery sales are only just beginning to gain traction in Australia. Only 13% of Australian lotto tickets are sold on the Internet, whilst other countries sell over 30% of lotto tickets online, offering considerable growth potential through natural progression.
Industry development with the Tatts + Tabcorp $11B merger offers potential for further growth, with potential access to even more products.
The inclusion and expansion of Charity Lottery product offering provides high growth potential, being complimentary to National games, with minimal customer acquisition expenses.
Maximising the OzLotteries App and Website
FY2018 will see Jumbo focus on better performance and maximizing the OzLotteries App and Website assets through improved marketing campaigns using data analytics for more active customers, taking its social media campaign to the next level, and highlighting Charity lotteries to encourage increased sales.
Company Updates
The Best of Both Worlds: How Omnique Fund is Rewiring Real World Assets via Tokenisation
For decades, the playbook for Australia’s wholesale investors has remained relatively unchanged: pick between the slow-moving, illiquid reliability of tangible assets like property and gold, or chase the frictionless, high-velocity liquidity of public equity and digital markets. But as macroeconomic volatility spikes and a structural housing deficit reshapes private debt demand, sophisticated investors are demanding […]
Everything is now competing for the same dollar
Key takeaways As recently as 2022, Germany and Japan could borrow for 30 years at close to zero. That world is gone, and AI is now bidding for what is left. Over the past fortnight, I listened to founders, operators and allocators describe where their industries are heading. They covered four very different frontiers. Each […]
Australia has not held 90 days of fuel since 2012. The fix may start at a sewage plant.
A decommissioned council treatment site in Bundaberg is being built into a $188.9 million biorefinery. Its managing director is candid that the largest revenue line is not yet contracted. Australia has not met its international 90-day fuel reserve obligation since 2012. Around 90 per cent of the country’s liquid fuel is imported. Andy Whitmore, Managing […]
Backed By Leading Investment Groups and Family Offices
