Good time to abandon ship?

[abgespaced]

Screenshot 2024-07-24 at 11.13.22 am.png

That's Flutter's latest financial statement. $1.2B loss in one year is astounding. Much worse when you consider it's at least 3 years consecutive losses (could be even more but i didn't go back further than three years).

Link here to the financial statments.
https://www.flutter.com/media/a0rj0ng5/ ... pdated.pdf

My account just got closed and I'm really considering if it's worth fighting for it.

[greenmark]

Screenshot 2024-07-24 at 11.13.22 am.png

That's Flutter's latest financial statement. $1.2B loss in one year is astounding. Much worse when you consider it's at least 3 years consecutive losses (could be even more but i didn't go back further than three years).

Link here to the financial statments.
https://www.flutter.com/media/a0rj0ng5/ ... pdated.pdf

My account just got closed and I'm really considering if it's worth fighting for it.

They're talking about tranformative costs. Could be. Share price is ok. 7billion revenues gives them a lot of scope. But I'm an idiot on these matters, just speculating.
Although, if you believe they've transformed successfully, now could be a moment to speculate with cash
I won't.

[abgespaced]

Screenshot 2024-07-24 at 11.13.22 am.png

That's Flutter's latest financial statement. $1.2B loss in one year is astounding. Much worse when you consider it's at least 3 years consecutive losses (could be even more but i didn't go back further than three years).

Link here to the financial statments.
https://www.flutter.com/media/a0rj0ng5/ ... pdated.pdf

My account just got closed and I'm really considering if it's worth fighting for it.

They're talking about tranformative costs. Could be. Share price is ok. 7billion revenues gives them a lot of scope. But I'm an idiot on these matters, just speculating.
Although, if you believe they've transformed successfully, now could be a moment to speculate with cash
I won't.

Revenue doesn't mean much when your expenses far outweigh the net income received. 4 years of declining equity is a HUGE red flag and likely indicative of a business that is about to fail. Or at the very least having to prune off its unprofitable sectors.

[greenmark]

Screenshot 2024-07-24 at 11.13.22 am.png

That's Flutter's latest financial statement. $1.2B loss in one year is astounding. Much worse when you consider it's at least 3 years consecutive losses (could be even more but i didn't go back further than three years).

Link here to the financial statments.
https://www.flutter.com/media/a0rj0ng5/ ... pdated.pdf

My account just got closed and I'm really considering if it's worth fighting for it.

They're talking about tranformative costs. Could be. Share price is ok. 7billion revenues gives them a lot of scope. But I'm an idiot on these matters, just speculating.
Although, if you believe they've transformed successfully, now could be a moment to speculate with cash
I won't.

Revenue doesn't mean much when your expenses far outweigh the net income received. 4 years of declining equity is a HUGE red flag and likely indicative of a business that is about to fail. Or at the very least having to prune off its unprofitable sectors.

I think that pruning is what they're saying has impacted the bottom line. Whether thats true is another matter. The market seems fairly happy to wait and see.
For sure, if it goes pear-shaped the share price will reflect that pretty quickly.
Hope you get your account sorted soon. Seen plenty of posts on here that suggest talking to BF can reverse a closure triggered by some automatuc criteria. Good luck.

[jamesedwards]

Share price is very healthy.

Capture12.PNG

[Crazyskier]

Screenshot 2024-07-24 at 11.13.22 am.png

That's Flutter's latest financial statement. $1.2B loss in one year is astounding. Much worse when you consider it's at least 3 years consecutive losses (could be even more but i didn't go back further than three years).

Link here to the financial statments.
https://www.flutter.com/media/a0rj0ng5/ ... pdated.pdf

My account just got closed and I'm really considering if it's worth fighting for it.

They're talking about tranformative costs. Could be. Share price is ok. 7billion revenues gives them a lot of scope. But I'm an idiot on these matters, just speculating.
Although, if you believe they've transformed successfully, now could be a moment to speculate with cash
I won't.

Revenue doesn't mean much when your expenses far outweigh the net income received. 4 years of declining equity is a HUGE red flag and likely indicative of a business that is about to fail. Or at the very least having to prune off its unprofitable sectors.

I concur. Turnover for show, profit for dough. Though if it continues in a similar vein the vultures at the likes of Apax Partners and Blackrock, etc will be circling.

CS

[greenmark]

They're talking about tranformative costs. Could be. Share price is ok. 7billion revenues gives them a lot of scope. But I'm an idiot on these matters, just speculating.
Although, if you believe they've transformed successfully, now could be a moment to speculate with cash
I won't.

Revenue doesn't mean much when your expenses far outweigh the net income received. 4 years of declining equity is a HUGE red flag and likely indicative of a business that is about to fail. Or at the very least having to prune off its unprofitable sectors.

I concur. Turnover for show, profit for dough. Though if it continues in a similar vein the vultures at the likes of Apax Partners and Blackrock, etc will be circling.

CS

Guess the question is how long do you wait to see the transformative costs translate to profit?
It's a bizarre fact that it certainly does cost money to cut costs. But if the underlying business is sound then it's worth it in the medium to long term.
I guess the problem with flutter is they are heavily IT dependent. If you scrimp on IT you're a dead duck. I have no doubt about that at all.

[Crazyskier]

Revenue doesn't mean much when your expenses far outweigh the net income received. 4 years of declining equity is a HUGE red flag and likely indicative of a business that is about to fail. Or at the very least having to prune off its unprofitable sectors.

I concur. Turnover for show, profit for dough. Though if it continues in a similar vein the vultures at the likes of Apax Partners and Blackrock, etc will be circling.

CS

Guess the question is how long do you wait to see the transformative costs translate to profit?
It's a bizarre fact that it certainly does cost money to cut costs. But if the underlying business is sound then it's worth it in the medium to long term.
I guess the problem with flutter is they are heavily IT dependent. If you scrimp on IT you're a dead duck. I have no doubt about that at all.

Oh undoubtedly - they aren't a traditional bookmaker with shops to accept bets; BF are 100% reliant on a digital offering for both sportsbook and exchange so I imagine they are hugely invested in both hardware and software R&D to keep the show on the road.

CS