It certainly did. Part of that could be attributed to the dip we had shortly before, and the recovery from that.Wow it gapped up today to close at $15 up 12.78%.
Excellent! I'm up 131% since I bought in.I am a happy holder up over 100% since November 2018.
"Great investment track records tend to be determined by a few great ideas, Stahl found that just
two stocks, both of which emerged from bankruptcy, accounted for most of the performance. That's two stocks in 1,400." Maybe you shouldn't rebalance?
That's the approach I take. My "balancing" takes place at the time I purchase a security by not overallocating to it. But once I own it, it can grow as much as it wants. In fact, I insist that it does!Instead, Stahl found that just two stocks, both of which emerged from bankruptcy, accounted for most of the performance. That's two stocks in 1,400."
Maybe you shouldn't rebalance?
I dont think its a good business JLTP, would have to be awfully cheap to interest me. Shocking IRR, mainly because they keep issuing more shares - and then basically use the capital raised to pay dividends!
JIN has announced a new 10-year reseller agreement with Tabcorp Holdings Ltd. Jumbo and Tabcorp have extended their reseller agreements for New South Wales, Victoria, South Australia, Northern Territory, ACT, and Tasmania (as well as international jurisdictions) until July 2032.
However, given the enlarged scale of Jumbo and the fundamental value of Tabcorp’s lottery licences to it, these agreements will come at a cost.
FY 2020 guidance.Jumbo has agreed to pay an upfront extension fee of $15 million for the 10-year term and a service fee of 4.65% of the ticket subscription price. The latter will be introduced in phases, initially with a service fee of 1.5% in FY 2021. After which, its service fees will increase to 2.5% in FY 2022, 3.5% in FY 2023, and then 4.65% thereafter. Though, should the value of its ticket sales be in excess of $400 million for each applicable financial year, it will pay a pay a service fee of 4.65% on ticket sales beyond that amount.
Jumbo has reaffirmed its guidance for FY 2020 despite a lower than expected number of large jackpots. It expects to report ticket sales of $335 million to $341 million and revenue of $68.5 million to $69.9 million. In respect to earnings, it is forecasting earnings before interest, tax, depreciation, and amortisation (EBITDA) of $38.7 million to $40 million and net profit after tax in the range of $24.4 million to $25.3 million.