NZRBs great result

[Mark D]

John Allen‏ @NZRBJohnAllen 30m30 minutes ago

 

 

Proud of the NZRB team for delivering another good result for racing and sport in the 17/18 season. Record distributions in a challenging climate with investment laying the foundations for further growth.

1 reply 1 retweet 3 likes

 

 

 

 

 

 

 

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  Mark Daly‏ @marksparkdaly 13m13 minutes ago

   

 

Clearly cherry picked numbers without the release of the full report i.e. facts

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  Mark Daly‏ @marksparkdaly 41s42 seconds ago

   

 

2. Seeing you have left out any talk of turnover and margins I predict that those were both flat and any increase in profit has been achieved by cutting costs(not to the management salaries of course) and other non-betting related matters

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[theshu]

I only know what i read in your NZ forums,but this guy Allen must be a full brother to Stevie Wonder.

[Chief Stipe]

The balance sheet will be the key.  

[hesi]

If things are good, then between NZRB and NZTR they could organise it so someone publishes weekly meeting and wagering data so people can analyze and draw their own conclusions

[Mark D]

40 minutes ago, Chief Stipe said:

The balance sheet will be the key.  

Not for me.  Reserves are gone, fixed assets have been sold.

[Freda]

I can't comprehend balance sheets...if an amount spent ( on a pipe dream) is in the books as an ' intangible asset' ....how does that work?

I'd have thought it was a tangible liability.

[Rowley Mile]

7 hours ago, Mark D said:

Not for me.  Reserves are gone, fixed assets have been sold.

And the next step Mark should be a firing squad......

[Horseboy]

Question to ask. 

While NZRB increases amount of account holders, what is the change in the average profit per account?

I would almost guarantee that all these new accounts are just people having a go with their free $5 bet the TAB pump out or $20 sign up bonus.