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Sweet

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Does anyone have a view on some of these sport betting companies such as draftkings or flutter entertainment?

 

I think Draftkings looks interesting if they can keep their revenue growing for several more years.

 

I don’t know much about the products, never used them.  Basically a bet on increasing degeneracy, not sure how I feel about that as an investment strategy.

 

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24 minutes ago, Sweet said:

Does anyone have a view on some of these sport betting companies such as draftkings or flutter entertainment?

 

I think Draftkings looks interesting if they can keep their revenue growing for several more years.

 

I don’t know much about the products, never used them.  Basically a bet on increasing degeneracy, not sure how I feel about that as an investment strategy.

 

 

Just my view but I think the gambling market isn't as developed in the US as compared to the UK, so it still has lots to grow, plus there are lots of other new markets to go after, such as south America.

 

It's also quite a heavily regulated industry, which will keep others out and should consolidate into a few keep players flutter being one of them

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On 4/7/2024 at 5:55 PM, backtothebeach said:

 

Fascinating. Net assets of 52.6M, current market cap 644M. An easy 10x. People probably don't even know what they are buying, paying for 1000% future growth upfront.

 

As of December 31, 2023:
https://www.sec.gov/Archives/edgar/data/1843974/000139834424005739/fp0087134-2_ncsr.htm
 

Net Asset Value Per Share

       

Net assets applicable to Common Shareholders

  $ 52,623,533  

Common Shares of beneficial interest outstanding, at $0.00001 par value; 500,000,000 shares authorized, 10,879,905 shares issued and outstanding

    10,879,905  

Net Asset Value Per Share applicable to Common Shareholders

  $ 4.84  

 

DXYZ is at it again, up 50% today, at times trading above $40. NAV on 6/30 was a whopping $5.15, shares outstanding unchanged. They seem to have trouble with their shareholder meeting, postponing it several times. Last SEC filing:
 

"I hope this email finds you well. I wanted to inform you that unfortunately, we were unable to meet the quorum requirements for our annual meeting of shareholders scheduled for October 28, 2024. As a result, we have made the decision to reschedule the meeting to November 14, 2024, at 2:00 p.m. Eastern Time."

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