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Jumbo Interactive Limited ( (AU:JIN) ) has shared an announcement.
Jumbo Interactive Limited has announced a change in the director’s interest, specifically involving Mike Veverka. The change includes the transfer of 500,000 fully paid ordinary shares from Vesteon Pty Ltd to LGT Crestone Wealth Management Limited, following board approval for the extension of a secured financing arrangement. This adjustment in shareholding is part of a strategic move to secure financing, with a loan covenant ensuring the share price remains at least 20% below the current price, indicating a cautious approach to financial management.
The most recent analyst rating on (AU:JIN) stock is a Buy with a A$12.90 price target. To see the full list of analyst forecasts on Jumbo Interactive Limited stock, see the AU:JIN Stock Forecast page.
More about Jumbo Interactive Limited
Jumbo Interactive Limited operates in the online lottery industry, providing digital lottery services and solutions. The company focuses on leveraging technology to enhance the lottery experience for its users, positioning itself as a leader in the digital transformation of lottery services.
Average Trading Volume: 279,370
Technical Sentiment Signal: Buy
Current Market Cap: A$761.9M
For detailed information about JIN stock, go to TipRanks’ Stock Analysis page.