A: Congratulations on holding Jumbo Interactive (JIN)  – a super performer this year, up from $7.20 at the start to $20.65. The owner of Ozlotteries, it has recently entered the Lottery SaaS market with the signing of its first customer to use its “Powered by Jumbo” lottery software.

 

I went to an industry insider who said:

• Tabcorp (TAH) owns 12.5% following its purchase of Tatts – at some stage, they could be a strategic buyer;
• Very strong CEO; and
• There has been a bit of a “purple patch” recently with high jackpots – this drives business and partly explains its growth in 2020

 

Only two of the major stockbroking firms cover it – Morgan Stanley with a target of $20.000 and ‘overweight’ call; Morgans with an “add” and $19.18 target.

 

I guess I wouldn’t be a buyer at these levels. If I was a holder, I would probably put faith in the adage “let your profits run”.  Maybe sell a portion to put something in the bank, and let the rest run.