wazua Fri, Apr 19, 2024
Welcome Guest Search | Active Topics | Log In | Register

4 Pages<1234>
SportPesa IPO
Options
Previous Topic · Next Topic
hardwood
#41 Posted : Thursday, October 18, 2018 9:54:39 PM
Rank: Elder


Joined: 7/28/2015
Posts: 9,562
Location: Rodi Kopany, Homa Bay
Mujiza wrote:
hardwood wrote:
Sportpesa denies IPO rumours. Says it's fake news.

https://www.standardmedi...ares-says-sportpesa-ceo

They deliberately leak the idea to gauge public reception and if found unfavourable then shelf it as they work on their reputation.

And that's a smart move.
Back to top
 Report Abusive | Report SPAM
Mike Ock
#42 Posted : Friday, October 19, 2018 10:38:54 AM
Rank: Member


Joined: 1/22/2015
Posts: 682
mulla wrote:
Mike Ock wrote:
Sports betting is not as lucrative as people think. The loss rate is the lowest out of any form of gambling. But maybe with the way sportpesa has turned people on to multibets which add risk to the gambler, their margins may be higher than usual.


It would be nice to see their financials....though I once heard Karuri say its not as rosy as people may think as they deal with alot of small payouts - whether that statement is true or it's PR - to downplay their profits to the public - can only be judged by their financials.


I'm expecting gross margins of in and around 20%. I also highly doubt the 100b revenue figure. Kina bwin and Paddy Power make such figures and they deal with punters who bet hundreds of pounds compared to the average Kenyan punter who bets hundreds of shillings. I'm expecting revenue of between 10 and 30 billion, with growth declining sharply due to competition.
Back to top
WWW
 Report Abusive | Report SPAM
Lolest!
#43 Posted : Friday, October 19, 2018 11:25:41 AM
Rank: Elder


Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
1masha wrote:

There is a high chance their future will get worse

Yes. It will. Which is why a while back they were planning on venturing into other countries where betting isn't as muddied
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
Back to top
 Report Abusive | Report SPAM
Pesa Nane
#44 Posted : Friday, October 19, 2018 12:14:35 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Mike Ock wrote:
mulla wrote:
Mike Ock wrote:
Sports betting is not as lucrative as people think. The loss rate is the lowest out of any form of gambling. But maybe with the way sportpesa has turned people on to multibets which add risk to the gambler, their margins may be higher than usual.


It would be nice to see their financials....though I once heard Karuri say its not as rosy as people may think as they deal with alot of small payouts - whether that statement is true or it's PR - to downplay their profits to the public - can only be judged by their financials.


I'm expecting gross margins of in and around 20%. I also highly doubt the 100b revenue figure. Kina bwin and Paddy Power make such figures and they deal with punters who bet hundreds of pounds compared to the average Kenyan punter who bets hundreds of shillings. I'm expecting revenue of between 10 and 30 billion, with growth declining sharply due to competition.

Do a quick guess who will be your competitor (re: HAFR, URITHI and EKEZA models)
Pesa Nane plans to be shilingi when he grows up.
Back to top
 Report Abusive | Report SPAM
the deal
#45 Posted : Friday, October 19, 2018 5:18:06 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Back to top
 Report Abusive | Report SPAM
shadowinvestor
#46 Posted : Tuesday, October 23, 2018 9:20:24 AM
Rank: Member


Joined: 1/13/2012
Posts: 139
The guys will list, during the recent Finance bill, they were really pushed by the 35% revenue tax which i think affected them for a few months. They had to pay the piper-Politicians and lobbyist to push the figure down, IMHO, by listing and especially targeting wanjiku with huge allocation of the pie to retail investors who will be more than happy to buy, they avoid the tax issues, as the conversation shifts to wanjikus pocket who will make noise to protect their investment. Same reason a foreign entity gets influential local ownership
Back to top
 Report Abusive | Report SPAM
the deal
#47 Posted : Thursday, August 29, 2019 3:25:13 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Being a betting firm owner...I can tell you that margins in Africa are sky high...gross margins of 80% because people just gamble...
Back to top
 Report Abusive | Report SPAM
nairobby
#48 Posted : Thursday, August 29, 2019 4:04:35 PM
Rank: Member


Joined: 1/18/2019
Posts: 185
Location: kenya
the deal wrote:
Being a betting firm owner...I can tell you that margins in Africa are sky high...gross margins of 80% because people just gamble...


80% ???
Back to top
 Report Abusive | Report SPAM
VituVingiSana
#49 Posted : Thursday, August 29, 2019 5:11:42 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,050
Location: Nairobi
the deal wrote:
Being a betting firm owner...I can tell you that margins in Africa are sky high...gross margins of 80% because people just gamble...
Do you own a gambling/betting firm?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
 Report Abusive | Report SPAM
the deal
#50 Posted : Friday, August 30, 2019 9:37:32 AM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
VituVingiSana wrote:
the deal wrote:
Being a betting firm owner...I can tell you that margins in Africa are sky high...gross margins of 80% because people just gamble...
Do you own a gambling/betting firm?

Yes I do... https://www.betzilla.co
Back to top
 Report Abusive | Report SPAM
watesh
#51 Posted : Friday, August 30, 2019 10:09:04 AM
Rank: Veteran


Joined: 8/10/2014
Posts: 953
Location: Kenya
the deal wrote:
Being a betting firm owner...I can tell you that margins in Africa are sky high...gross margins of 80% because people just gamble...

No wonder betting firms dominated over 30% of the advertising spend in the past year.
Back to top
WWW
 Report Abusive | Report SPAM
mulla
#52 Posted : Friday, August 30, 2019 11:40:58 AM
Rank: Member


Joined: 6/15/2013
Posts: 301
watesh wrote:
the deal wrote:
Being a betting firm owner...I can tell you that margins in Africa are sky high...gross margins of 80% because people just gamble...

No wonder betting firms dominated over 30% of the advertising spend in the past year.


and no wonder foreigners are rushing to get a slice of the market....idleness and poverty is slowly devouring our youth....
Back to top
 Report Abusive | Report SPAM
VituVingiSana
#53 Posted : Friday, August 30, 2019 3:47:33 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,050
Location: Nairobi
the deal wrote:
VituVingiSana wrote:
the deal wrote:
Being a betting firm owner...I can tell you that margins in Africa are sky high...gross margins of 80% because people just gamble...
Do you own a gambling/betting firm?

Yes I do... https://www.betzilla.co
I will check it out but I am not gullible enough to be your customer Laughing out loudly
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
 Report Abusive | Report SPAM
the deal
#54 Posted : Sunday, September 01, 2019 9:14:04 AM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Yesterday no pay outs...Dortmund...Man United...Chelsea...Barcelona killed gamblers...Sportpesa must be laughing all the way to the bank...
Back to top
 Report Abusive | Report SPAM
the deal
#55 Posted : Friday, October 11, 2019 2:44:21 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Took a hit on Tennis this week...margins have dropped to 50%....players are not withdrawing....so let's wait and see...I belive they will lose everything by Monday..still very lucrative business....
Back to top
 Report Abusive | Report SPAM
VituVingiSana
#56 Posted : Friday, October 11, 2019 5:43:46 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,050
Location: Nairobi
the deal wrote:
Took a hit on Tennis this week...margins have dropped to 50%....players are not withdrawing....so let's wait and see...I belive they will lose everything by Monday..still very lucrative business....

The adage "A fool and his money are soon parted" is apt for most of your customers.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
 Report Abusive | Report SPAM
jmbada
#57 Posted : Sunday, October 13, 2019 3:16:05 PM
Rank: Member


Joined: 1/1/2011
Posts: 396
the deal wrote:
Yesterday no pay outs...Dortmund...Man United...Chelsea...Barcelona killed gamblers...Sportpesa must be laughing all the way to the bank...

Were they even operational then??hmmm
Back to top
 Report Abusive | Report SPAM
the deal
#58 Posted : Thursday, October 24, 2019 5:24:11 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
We have hit a record in turnover this month with no advertising...Just social media...

1. Turnover=ZAR40,770

2. Player Payout/Withdrawal = ZAR3,500


I will keep the rest if nobody wins tonight or this weekend....

Needless to say you will never see me at the NSE again...




Applause Applause Applause
Back to top
 Report Abusive | Report SPAM | Edit by user: Thursday, October 24, 2019 5:25 PM | Reason: Not specified
watesh
#59 Posted : Thursday, October 24, 2019 6:56:38 PM
Rank: Veteran


Joined: 8/10/2014
Posts: 953
Location: Kenya
the deal wrote:
We have hit a record in turnover this month with no advertising...Just social media...

1. Turnover=ZAR40,770

2. Player Payout/Withdrawal = ZAR3,500


I will keep the rest if nobody wins tonight or this weekend....

Needless to say you will never see me at the NSE again...




Applause Applause Applause

NIIIIICEEE
Back to top
WWW
 Report Abusive | Report SPAM
guru me
#60 Posted : Thursday, October 24, 2019 8:46:01 PM
Rank: New-farer


Joined: 6/27/2011
Posts: 63
the deal wrote:
We have hit a record in turnover this month with no advertising...Just social media...

1. Turnover=ZAR40,770

2. Player Payout/Withdrawal = ZAR3,500


I will keep the rest if nobody wins tonight or this weekend....

Needless to say you will never see me at the NSE again...




Applause Applause Applause


@the deal - interesting. I may have a mutually beneficial opportunity worth exploring. Please drop me a line on gurumedeals@gmail.com if interested in exploring or let me know how best we can chat offline.
Back to top
 Report Abusive | Report SPAM
Users browsing this topic
Guest
4 Pages<1234>
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2024 Wazua.co.ke. All Rights Reserved.