Phumelela H1 HEPS up 30%

interesting.....all smiles for the boys

www.moneyweb.co.za/moneyweb-industrials/phumelela-h1-heps-up-30

Aryan Wrote:

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> interesting.....all smiles for the boys
>
> www.moneyweb.co.za/moneyweb-industrials/phu
> melela-h1-heps-up-30

Results were released late last week...the sport / industry will suffer so long as aim is to bleed as much out of it as possible for shareholders and executives...customer's are taken for granted, employees are not paid their true worth as every extra cent paid reduces bottom line, every action is geared towards the bottom line and the elimination of competition (bookies) to that bottom line and not in the industry and all it's participants...the aim is to move money from the majority (punters, employees, etc) to the minority (shareholders, executives, etc)...

Congrats to all the Phumelela Managers and directors. You guys have performed superbly over the last 12 months.

"Whilst local trading conditions remained challenging, the Group’s local betting division, racing operations, and
on-course attendance and hospitality performed ahead of expectations. Most notably totalisator soccer pool bets
increased by 32% and now exceed betting on international horse racing, on-course attendances increased by 15% and
totalisator betting on local horse racing increased by 2%. Betting World’s profits were adversely affected by the
start-up costs attendant to the 34% increase in its retail footprint. Despite this fixed odds numbers betting handle
surged by 119%". www.moneyweb.co.za/moneyweb-sens?i=23051...%20LEISURE%20LIMITED

The year-on-year CPI for Feb was 5.9% suggesting that local horse racing on the tote is in trouble with an increase of only 2%.