curious Posted April 8, 2019 Share Posted April 8, 2019 https://www.nzrb.co.nz/sites/default/files/documents/NZRB1845_HY_REPORT_2019_v3_0.pdf Quote Link to comment Share on other sites More sharing options...
Turny Posted April 9, 2019 Share Posted April 9, 2019 They are calling for an injection if funds They have killed and now want the taxpayer to bail them out.. Oh dear, really Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted April 9, 2019 Share Posted April 9, 2019 This report looks really really sick. They borrowed $15m PLUS took $15m from reserves. Doesn't that mean they were $30m short for the first 6 months? Intangible assets are up $14m ???? WTF is that? A net loss of $15m! LOL I found another 15! Net Gaming (Pokies) revenue $15m! 1 Quote Link to comment Share on other sites More sharing options...
The Centaur Posted April 10, 2019 Share Posted April 10, 2019 LOL AD (AD stands for all day) If the FOB disaster came earlier the results would have been far worse. Curious auditors conclusion needs careful reading. "Conclusion Based on our review, nothing has come to our attention that causes us to believe that these interim financial statements of the Group do not present fairly, in all material respects, the financial position of the Group as at 31 January 2019, and of its financial performance and cash flows for the period then ended, in accordance with IAS 34 and NZ IAS 34." Quote Link to comment Share on other sites More sharing options...
Mark D Posted April 10, 2019 Share Posted April 10, 2019 On 10/04/2019 at 7:56 AM, Chief Stipe said: This report looks really really sick. They borrowed $15m PLUS took $15m from reserves. Doesn't that mean they were $30m short for the first 6 months? Intangible assets are up $14m ???? WTF is that? A net loss of $15m! LOL I found another 15! Net Gaming (Pokies) revenue $15m! $14m asset from a $50m spend - not good Quote Link to comment Share on other sites More sharing options...
Sandpiper Posted April 11, 2019 Share Posted April 11, 2019 Quite the double take reading the CEO's rose-tinted report compared with the bare facts that turnover on tote, sport and fixed odds are all down. Numerous mentions of merchant fee increases yet the breakdown in 7d shows a cost of $2.3m, the same as 2018. Where are the large technology costs related to the 'fixed odds platform'? In 7a only $1.5m is noted. Does this mean there is a massive overhang about to be dumped into the next period's report??? There is no cash in the bank, so unless revenue has spiked up more loans are presumably being taken out right now to cover stakes, software leases and any further fall in revenues. This will be fun, not much room on the equity front to absorb a $50m lease. Government handout for Christmas, anyone? Quote NZ IFRS 16 Leases replaces NZ IAS 17 Leases. IFRS 16 eliminates the classifcation of leases as either operating or fnance for lessees and, instead, introduces a single lessee accounting model. This model requires lessees to account for all of their leases in a manner similar to how fnance leases were treated applying NZ IAS 17. This will result in: (a) the recognition of a lease asset and lease liability in the statement of fnancial position; (b) depreciation of lease assets and fnancing costs on the lease liability in proft or loss; and (c) present the amount of cash paid for the principal portion of the lease liability within fnancing activities. Lessor accounting is broadly unchanged compared to NZ IAS 17. NZRB’s assessment of NZ IFRS 16’s full impact is currently underway; it is expected that the impact in terms of reporting and operational requirements will be signifcant. NZ IFRS 16 is effective for reporting periods beginning on or after 1 January 2019 and NZRB will adopt this standard from 1 August 2019 [page 17] 2 Quote Link to comment Share on other sites More sharing options...
Kihikihi Kid Posted April 12, 2019 Share Posted April 12, 2019 On 12/04/2019 at 12:53 AM, Sandpiper said: Quite the double take reading the CEO's rose-tinted report compared with the bare facts that turnover on tote, sport and fixed odds are all down. Numerous mentions of merchant fee increases yet the breakdown in 7d shows a cost of $2.3m, the same as 2018. Where are the large technology costs related to the 'fixed odds platform'? In 7a only $1.5m is noted. Does this mean there is a massive overhang about to be dumped into the next period's report??? There is no cash in the bank, so unless revenue has spiked up more loans are presumably being taken out right now to cover stakes, software leases and any further fall in revenues. This will be fun, not much room on the equity front to absorb a $50m lease. Government handout for Christmas, anyone? Pull up a chair , this is going to be bad , all we'll see is John Allen's dust I'm afraid. cough cough , personal reasons , can't be touched again , ever 1 Quote Link to comment Share on other sites More sharing options...
Newmarket Posted April 13, 2019 Share Posted April 13, 2019 I would love to know how much the tab is losing, simply because punters cant get bets on? The promos they run each week are ok for the average punter, about the only time i bet with them. But if you cant place a bet, its a joke. People give up 1 1 Quote Link to comment Share on other sites More sharing options...
holy ravioli Posted May 6, 2019 Share Posted May 6, 2019 the NZ TAB is doomed ..it is inevitable that it will be devoured by an aussie corporate. There will be many over paid ,very average current employees in the ..dole queue. 1 Quote Link to comment Share on other sites More sharing options...
Turny Posted May 7, 2019 Share Posted May 7, 2019 www.tab.com.au Quote Link to comment Share on other sites More sharing options...
Laurie Sutherland Posted May 8, 2019 Share Posted May 8, 2019 On 4/13/2019 at 1:12 AM, Kihikihi Kid said: Pull up a chair , this is going to be bad , all we'll see is John Allen's dust I'm afraid. cough cough , personal reasons , can't be touched again , ever Hope I can get this short reply in before my hacker shuts me down again. John Allen's main job is to research various options, and make recommendations to his Board. It is the Board members who make the decisions. 2 Quote Link to comment Share on other sites More sharing options...
Dark Beau Posted May 8, 2019 Share Posted May 8, 2019 4 hours ago, Laurie Sutherland said: Hope I can get this short reply in before my hacker shuts me down again. John Allen's main job is to research various options, and make recommendations to his Board. It is the Board members who make the decisions. Well between them all, they proved hopefully deficient in the common sense department. 2 Quote Link to comment Share on other sites More sharing options...
Freda Posted May 8, 2019 Share Posted May 8, 2019 9 hours ago, Dark Beau said: Well between them all, they proved hopefully deficient in the common sense department. Hopefully? Quote Link to comment Share on other sites More sharing options...
Weasel Posted May 8, 2019 Share Posted May 8, 2019 2 hours ago, Freda said: Hopefully? guessing he meant 'hopelessly' ... 2 1 1 Quote Link to comment Share on other sites More sharing options...
Dark Beau Posted May 9, 2019 Share Posted May 9, 2019 10 hours ago, Weasel said: guessing he meant 'hopelessly' ... Gee whiz, you are 100% correct. The idiots in charge have me in such a tiz that I am losing it, obviously. 2 1 Quote Link to comment Share on other sites More sharing options...
SLB2.0 Posted May 9, 2019 Share Posted May 9, 2019 Slightly off topic, but can anyone answer why the NZ TAB wouldn't want free advertising by the way of website affiliates? I've approached a few people at the TAB about running an affiliate website purely for the NZ TAB and most of them didn't even know what affiliates were. Considering offshore bookmakers survive because of affiliates, I was surprised at this. Who would I talk to? Or would a brick wall have more answers? Quote Link to comment Share on other sites More sharing options...
Kihikihi Kid Posted May 10, 2019 Share Posted May 10, 2019 "Brick Wall" haha Quote Link to comment Share on other sites More sharing options...
globederby12 Posted May 11, 2019 Share Posted May 11, 2019 On 13/04/2019 at 3:41 PM, Newmarket said: I would love to know how much the tab is losing, simply because punters cant get bets on? The promos they run each week are ok for the average punter, about the only time i bet with them. But if you cant place a bet, its a joke. People give up I can't verify this but a reliable source in my industry , in contact with a head tech guy within the TAB said it looks like a 30 to 35 % loss of revenue or turnover since the app was instigated. Death knell I would have thought. 3 1 Quote Link to comment Share on other sites More sharing options...
Brodie Posted June 15, 2019 Share Posted June 15, 2019 Could it also be due to the fact that the Bookies also are not accepting the amounts that the punters want in? Even when bets aren’t accepted by the punters, they slash the odds!! Go figure, they are a law unto themselves! No wonder the turnover is down and racing turnover will continue to decline with the way they are operating! The new betting platform is certainly no better than before and cost a packet!! 1 Quote Link to comment Share on other sites More sharing options...
porky Posted June 15, 2019 Share Posted June 15, 2019 I,m a seasoned punter and know all bet types, and what I want to punt. BUT... the new betting platform should have come with a u-tube instruction video or similar. I like trebles &, all-ups, among other bets... It is a challenge ( for the newbie or faint hearted) to get a bet on / in time Whilst trying to decipher the form available under the PDF drop down arrow OTHERS ADVICE PLEASE (VIDEO AVAIL. ?...) HOW BEST TO SELECT AND TAKE TREBLES ON THE NEW SITE? 1 Quote Link to comment Share on other sites More sharing options...
The Centaur Posted July 23, 2019 Share Posted July 23, 2019 My old English teacher always said keep it short. So instead of..... "The delayed timing of benefits expected from the new Fixed Odds Betting (FOB) platform is a large contributor to the variance to budget" in short "a fuckin loss" 3 2 Quote Link to comment Share on other sites More sharing options...
The Centaur Posted August 25, 2019 Share Posted August 25, 2019 Has there been any results up to 30 June 2019 either 6 months or 1 year been published yet? Want to get some actual figures to judge the new platform. Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted August 25, 2019 Share Posted August 25, 2019 Going on previous years there won't be any results until late November early December. As far as I know they don't publish the turnover figures which they once did regularly and were provided via NZTR. 1 Quote Link to comment Share on other sites More sharing options...
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