Why the Lottery is NOT a fair bet

[Musicwhiz]

Good article from BT.

Sorry cannot link it directly.

Go here http://www.cpf.gov.sg/imsavvy/infohub.asp?s=4

and choose Media Mode: Read. The article is on March 4, 2013.

[honeyclover]

e article said if SG Pools is a Listed Company it will be rated "BUY".

Just wondering will lottery companies be considered a good buy in general, there are several listed lottery companies in the regions.

But unlike SG Pools, they usually collects 0.5%-3% of the revenue & rest of it went to the governments.

Rexlot (HKG: 0555)
2011 (ROE:18.15% , ROA: 15.28%, Net Profit margin: 41.59%, Total Debt/Equity:3%)

Tatts Group Limited (ASX:TTS)
2012 (ROE:12.23% , ROA: 6.57%, Net Profit margin: 8.18%, Total Debt/Equity:63%)

Tipp24 SE (ETR:TIM)
2011 (ROE:34.48%, ROA: 25.29%, Net Profit margin:24.68%, Debt/equity: 7%)

[honeyclover]

e article said if SG Pools is a Listed Company it will be rated "BUY".

Just wondering will lottery companies be considered a good buy in general, there are several listed lottery companies in the regions.

But unlike SG Pools, they usually collects 0.5%-3% of the revenue & rest of it went to the governments.

Rexlot (HKG: 0555)
2011 (ROE:18.15% , ROA: 15.28%, Net Profit margin: 41.59%, Total Debt/Equity:3%)

Tatts Group Limited (ASX:TTS)
2012 (ROE:12.23% , ROA: 6.57%, Net Profit margin: 8.18%, Total Debt/Equity:63%)

Tipp24 SE (ETR:TIM)
2011 (ROE:34.48%, ROA: 25.29%, Net Profit margin:24.68%, Debt/equity: 7%)

just updating my last post. Had brought Rexlot ard 0.61 in 2012.
Sold 50% of Rexlot at 1.12 just now.
Not sure whether is it the World Cup 2014? but seems like 'greed' & overpriced to me.

Where else for Tipp24 SE, brought at 41. now 48.

Didn't buy Tatts due to its higher Debt/equity & lower profit margin previously.