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Betmakers Technology Group And 2 Other ASX Penny Stocks To Watch
Over the last 7 days, the Australian market has dropped 1.5%, but it has risen by 19% over the past year, with earnings expected to grow by 12% annually in the coming years. For those looking to invest in smaller or newer companies, penny stocks—despite being a somewhat outdated term—can still offer surprising value. This article highlights three such stocks that could pair balance sheet strength with long-term potential.
Overview: Betmakers Technology Group Ltd develops and provides software, data, and analytics products for the B2B wagering market across Australia, New Zealand, the United States, the United Kingdom, Europe, and internationally with a market cap of A$81.07 million.
Operations: The company's revenue is derived from two main segments: Global Tote, generating A$54.77 million, and Global Betting Services, contributing A$40.43 million.
Market Cap: A$81.07M
Betmakers Technology Group, with a market cap of A$81.07 million, operates in the B2B wagering market but remains unprofitable, reporting a net loss of A$38.67 million for the year ending June 2024. Despite stable revenues from its Global Tote and Global Betting Services segments totaling A$95.2 million, losses have increased annually by 36.9% over five years. The company benefits from sufficient cash runway exceeding three years if cash flow remains stable and maintains no debt liabilities while covering both short- and long-term obligations with its assets. Recent removal from the S&P Global BMI Index reflects ongoing challenges in profitability and management stability.
Overview: Stanmore Resources Limited is involved in the exploration, development, production, and sale of metallurgical coal in Australia with a market cap of A$2.71 billion.
Operations: The company generates revenue of $2.54 billion from its Metals & Mining segment, specifically focusing on coal.
Market Cap: A$2.71B
Stanmore Resources, with a market cap of A$2.71 billion, focuses on metallurgical coal production in Australia and reported revenue of US$1.33 billion for the half year ending June 2024. Despite a decline in net income to US$136.3 million from US$340.3 million the previous year, it maintains high-quality earnings and trades at a significant discount to estimated fair value. The company's debt is well covered by operating cash flow, although short-term assets do not fully cover long-term liabilities. While its profit margins have decreased and earnings are forecasted to decline, it benefits from stable weekly volatility and undiluted shareholder equity over the past year.
Overview: West Wits Mining Limited is involved in the exploration and development of gold and base metals mining tenements in South Africa and Western Australia, with a market cap of A$40.67 million.
Operations: The company generates revenue from its Mining & Exploration segment, amounting to A$0.03 million.
Market Cap: A$40.67M
West Wits Mining Limited, with a market cap of A$40.67 million, is pre-revenue and focuses on gold and base metals exploration in South Africa and Western Australia. The company has experienced shareholder dilution over the past year, with shares outstanding increasing by 9.5%. Although it has more cash than total debt and recently raised additional capital through private placements, its short-term assets of A$1.5 million do not cover short-term liabilities of A$2.4 million. West Wits reported a net loss of A$1.68 million for the full year ending June 2024, an improvement from the previous year's loss of A$2.75 million.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include ASX:BET ASX:SMR and ASX:WWI.
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