Post by
stocksnbonds on Apr 26, 2016 7:30pm
Forget about Q1, FY 2015.......
Please correct me if I'm wrong but I distinctly heard on the last CC regarding the takeover that Q1 earnings for OpenBet will accrue to NYX. All revenues post December 2015 will be on the nyx books. Q1 revenues AND earnings will be HUGE. OnGame is off the books as of March 31 so we'll take one more quarterly hit for that former money losing proposition. Q1 2016 will be the new benchmark year to start comparing future quarters.
analysts will clear this up tomorrow I'm sure.
sb
Comment by
stocksnbonds on Apr 26, 2016 7:32pm
Oops, should have read forget about Q4, FY 2015.
Comment by
Investor4000 on Apr 28, 2016 7:45pm
On the conference call Matt Davey said that Open bet should close on may 20 th and that it is at that time that open bet will be add to the revenu. It was ambiguous before I would agree. Once open bet is fully integrated (with all the cost synergie) we should see the benchmark numbers. I suspect in 6 to 9 months or so.
Comment by
stocksnbonds on Apr 28, 2016 8:17pm
Thanks! I did miss that. So the numbers will be added to Q2 results. Looking forward to this upcoming year. sb