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Results from JackpotJoy is share surge right or is Mr market wrong?
So the results are in from JackpotJoy (JPJ) and they look good…or do they?
So the results are in from JackpotJoy (JPJ) and they look good…or do they?
I am still working on a few details for the next part of my main article. However, as a brief interlude let’s play a little game. We will see how many red-flags we can find on JackpotJoy (JPJ).
I realise here that I might be of a differing opinion to the house view here at ShareProphets. There is nothing beneficial to society in online gaming and it should probably be banned.
When I announced my return from retirement, I mentioned a couple of other companies that I might be short. One of which was RPC Group (RPC). Since then Aviate has released a very good and very bearish note on the company. Unusually for the sell side this is actually a really good note. This is what sell side research should be.
On Monday I started a series in which I gave clear reasons why JackpotJoy (JPJ) was an obvious short. Now let us mover on and have a look at the management and their history in commerce. I am sure that there is nothing to read into it but Andrew McIver sat on the Board of Daniel Stewart and seems to be pals with our dear friend the king of the fraudsters, Mr Rob Terry
There is split opinion on Standard & TSX listed JackpotJoy (JPY) both from people I highly respect. On the one hand Odey (not Crispin) are buyers and own a significant stake, and on the other hand we have Marc Cohodes who presented the bear case at Grants Conference here.
I am sharpening my claws and preparing to return to the fray as a contributor to this esteemed website: well, once I finish my marmalade sandwich. What is it that has brought me back you might ask? It is a confluence of factors:
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