The BetMakers (ASX:BET) share price has slumped 13% in a month. What's going on?

If a share price falls on the market, and there are no announcements, what do investors think?

| More on:
Man sitting at desk in front of PC with his head in hands after looking atA worried man holds his head and look at his computer as the Megaport share price crashes today

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The BetMakers Technology Group Ltd (ASX: BET) share price has fallen into a slump recently.

While there hasn't been any price-sensitive announcement during this time, the wagering technology provider's shares have tumbled 13% in the last month. For comparison, the S&P/ASX 200 Index (ASX: XJO) slipped a minor 0.4% during that time.

This leaves the market wondering what is going on with the $930 million ASX-listed company.

Anyone home?

After a flurry of announcements throughout much of the year, BetMakers has been in a state of radio silence since the end of August. At that time, the company revealed its annual report for FY21 whereby revenues were shown to have more than doubled over the prior year.

Shortly after that, BetMakers was added to the S&P/ASX 300 Index (ASX: XKO) on a quarterly rebalance. The inclusion came amid the company reaching a presence across more than 30 countries with more than 45 regulatory licenses.

Despite these positives, momentum appears to have shifted since 8 September 2021. Since this date, the BetMakers share price has crumbled 21%. Coincidentally, this trend began 5 days after the company's last price-sensitive announcement.

It can be concerning for shareholders when communication becomes rare from the management team. Especially when it had previously been frequent.

At present, there have only been two notable announcements since the last price-sensitive release. These include a notice of options being exercised and a notice for the company's annual general meeting (AGM).

Firstly, 859,322 fully paid ordinary shares were issued on 8 October upon the exercise of 862,500 unlisted options. These were related to the company's long-term incentive plan. Secondly, the AGM will be held on Monday 22 November 2021 at 11am AEDT.

Other than these details, there has been little in the way of developments shared by BetMakers recently.

BetMakers share price snapshot

While the recent BetMakers share price performance might be underwhelming, the last year has been rewarding for shareholders. Riding the excitement of multiple acquisitions, the wagering company surged in value.

In the past year, the BetMakers share price is up 132%. Meanwhile, the benchmark index isn't even close with a return of 19.3%.

Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of and has recommended Betmakers Technology Group Ltd. The Motley Fool Australia has recommended Betmakers Technology Group Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Consumer Staples & Discretionary Shares

Couple looking very happy while shopping at a home improvement store.
Dividend Investing

Focused on pasive income? Check out this defensive ASX 200 dividend stock

A leading expert says this quality ASX 200 dividend stock remains ‘undervalued’.

Read more »

A young man punches the air in delight as he reacts to great news on his mobile phone.
Consumer Staples & Discretionary Shares

Guess which ASX 200 share is pushing higher on guidance update

This wholesaler is expecting earnings ahead of consensus estimates in FY 2025.

Read more »

Happy man on a supermarket trolley full of groceries with a woman standing beside him.
Consumer Staples & Discretionary Shares

$10,000 invested in Coles shares one year ago is now worth…

Atop its 3.2% dividend yield, Coles shares have posted impressive gains over the year.

Read more »

Happy young couple doing road trip in tropical city.
Consumer Staples & Discretionary Shares

What are Macquarie's top ASX All Ords picks in the automotive sector?

Some of these shares could be zooming higher according to the broker.

Read more »

A happy farmers sifts his fingers through grain, indicating a good crop and higher prices.
Consumer Staples & Discretionary Shares

Why GrainCorp is Macquarie's top pick in the ASX agriculture sector

GrainCorp is Macquarie’s top ASX Ag stock pick and for good reason.

Read more »

a man inspects a capsicum while holding an eco-friendly green string bag in a supermarket produce aisle.
Consumer Staples & Discretionary Shares

Coles shares: Buy, hold, or sell?

Three investment experts offer their take on the outlook for Coles shares.

Read more »

A man stands with his arms folded in front of banks of unused poker machines in a darkened gaming room.
Consumer Staples & Discretionary Shares

Does Macquarie see more upside for these ASX gaming shares?

Macquarie expects a 42% upside from one of the stocks.

Read more »

Ecstatic woman looking at her phone outside with her fist pumped.
Consumer Staples & Discretionary Shares

Why are Lovisa shares jumping 6% today?

Let's see what was announced to the market this morning.

Read more »