Morgans Conversations: Video with Mike Veverka , CEO and Founder, Jumbo
Morgans Adviser Chris Titley recently interviewed Mike Ververka – Founder and CEO of Jumbo Interactive
Jumbo has been a stellar performer over the last year with the stock price tripling with multiple upgrades:
A summary of quotes from the interview:
LAST 12 MONTHS: “a lot of things have gone really well for us.. great results .. and a huge increase of our profits”
OUTLOOK : “Guidance of 20-25%...and that’s looking a little low”
POWERBALL: “The new Powerball structure.. it’s here to stay and we are expecting a lot more jackpots in the years ahead” .
IT PLATFORM : “We were doing 14 orders a second… and one of the winners of the $100m was one our customers, at 6pm at night .. the system worked beautifully”
ENGAGMENT : :”Every time you get a big event, like a $70-100m jackpot , we get an influx of new players”..
FUTURE : “In a couple of years, I’m really looking forward to a lot of growth… Let’s not forget only 18-19% of lottery tickets are sold over the internet, I think that growth will continue on for at least five years or more”
1 stock mentioned
Stockbroker at Morgans with a particular interest in profiling entrepreneurs, business leaders and emerging technology companies. Podcasts/Videos will be published here and or on Morgans website.