BETMAKERS TECHNOLOGY GROUP LIMITED (BET)
Share Price Analysis and Chart

11/08/2026

3

Downgrade to Hold from Buy

$0.24

9.09%

Betmakers Technology has entered a scheme implementation deed with Tabcorp Holdings ((TAH)) at 24c a share on an all-cash basis. The offer has received board support, representing a 41% premium to the 1-month VWAP.

Ord Minnett considers the offer compelling and expects the proposal will be accepted in the absence of a superior offer. The proposed deal aligns the B2B technology, tote, data and content with Tabcorp's scale and established platforms.

The broker reduces the target to 24c from 27c and downgrades to Hold from Buy.

FORECAST
Ord Minnett forecasts a full year FY26 dividend of 0.00 cents and EPS of 0.00 cents.
Ord Minnett forecasts a full year FY27 dividend of 0.00 cents and EPS of 0.20 cents.

11/08/2026

3

Downgrade to Hold from Buy

$0.24

9.09%

Canaccord Genuity downgrades Betmakers Technology to a Hold rating with its target price decreased to $0.24 from $0.25 following the announcement of a Scheme of Arrangement with Tabcorp Holdings ((TAH)).

Under the proposed transaction, shareholders will receive $0.24 per share in cash or partial scrip, valuing the entity at $283m and representing a 45.5% premium to the last closing price.

The board unanimously supports the deal alongside directors intending to vote their 10% holdings in favour, subject to an independent expert review and no superior proposal emerging.

The analyst considers a competing bid unlikely given the $30m in synergies Tabcorp expects to extract from the acquisition.

With the current share price trading near the proposed offer, the broker views the transaction as a fair representation of near-term value ahead of targeted completion in the third quarter of 2027.