External broker reports(aggregated public sources), Ord Minnett

Ord Minnett

Ord Minnett is a leading Australian wealth management group, incorporating full-service stockbroking, financial planning and funds management. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Equity Bottom-Up

Betmakers Technology Group  / Equity Bottom-Up

<ul><li>We initiate on BetMakers Technology Group  (BET) with a SPECULATIVE BUY recommendations and $0.16/sh PT.</li><li>Over the past ~2 years, BET has right-sized its cost base ( $92m to a &lt;$60m guide), while we expect revenue growth will return from 2H25.</li><li>The company is also guiding to positive OCF from 3Q24 (we model 2Q25).</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

We initiate on BetMakers Technology Group  (BET) with a SPECULATIVE BUY recommendations and $0.16/sh PT.Over the past ~2 years, BET has right-sized its cost base ( $92m to a &lt;$60m guide), while we expect revenue growth will return from 2H25.The company is also guiding to positive OCF from 3Q24 (we model 2Q25).Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

BetMakers Technology Group Limited - Cost Base Reset, Revenues Turning a Corner