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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: What is the "Exchangeco" company? Does it makes sense to take the option of exchangeco shares?

From the circular:

Eligible Canadian shareholders will be able to elect to receive shares of Exchangeco (“Exchangeable Shares”) in lieu of the Penn Shares to which they would otherwise be entitled. Each whole Exchangeable Share will be exchangeable for one whole Penn Share, subject to adjustment.

Read Answer Asked by Robert on September 21, 2021

Q: Greetings:
I know because it has been mentioned countless times that you are not tax experts, but perhaps you can help. When does a section 85 form need to be filed and when not? In the case of IPL, PWF, Uranium participation by Sprott Uranium Trust it is necessary, but not with score media and Penn. Perhaps it depends if it is a merger or acquisition, and what determines this. Perhaps the rules have changed in the last months. Thanks for your help.

Read Answer Asked by BEN on September 14, 2021

Q: Hi 5i,

In response to John's question today about the takeover, could you expand on time to sell. The discount is roughly 15% in cad compared to current prices. Do you feel the takeover will face any competition or rivals? Is it worth the wait to realize discount, assuming PENN goes up by Q1 2022 projected settlement date?


Read Answer Asked by Christopher on August 05, 2021

Q: Re SCR, nice news today. I hold shares in a non-registered account. Penn National is a U.S. listing and I'm concerned about holding them in a non registered account so I expect to sell my shares before the transaction closes.
Is there a "best time" to sell. Thanks John

Read Answer Asked by John on August 05, 2021

Q: Hi 5i,
I'm hoping you can 'unconfuse' me.
In answer to Bob's question about LUCK on June 25 you said you prefer EGLX and in answer to a question about BRAG on June 8 you discussed SCR. All the questions had to do with the recent change allowing single game betting. I had thought that EGLX and BRAG are gaming platforms and SCR and LUCK are betting platforms, and therefore serve totally different markets, so I don't understand why they are discussed in the same breath, and I also don't understand how the recent legislative change might benefit EGLX and BRAG, although I can readily see how it might be positive for SCR and LUCK.
Can you help me out?

Read Answer Asked by Peter on June 29, 2021

Q: Hi !

Would you be able to suggest some worthy companies in the sports betting area?
Are valuations reasonable right now? Is 5i interested in any of them?

Read Answer Asked by D on June 28, 2021

Q: Positive news for gambling sites with bill C-218 passing today. Its likely not to be implemented for a few months yet, to give time for the provinces to set their own rules. Predicted to be a 4B-5B annual market in Canada.

I have strong conviction in EGLX, the future growth in years to follow with gaming, e-sports and now legal single-game betting. Full position already, in a TFSA, looking for torque, and willing to wait. What's not to like?!

Read Answer Asked by Robert on June 23, 2021

Q: What are your thoughts on BRAG and SCORE now? Is it a buy or wait it out? SCR seems to be turning around from speculation that the betting bill would move through the senate before summer. But not for BRAG. Any ideas why BRAG keeps dropping? Is it a buy for either stocks at this point?

Read Answer Asked by Connie on June 08, 2021

Q: Hi team,
I was wondering if you could briefly describe the business model of eglx. I realize it’s a gaming platform , but how do they make money, and what are their plans for long term growth? On a separate note I am a little confused as to why eglx is being compared to scr? From what I gather scr is pretty much solely online sports betting now , and eglx is gaming? Also, would eglx be one to buy right now? And how bullish are you on the name? Is it a potential multi bagger ? Thanks

Read Answer Asked by Shane on April 30, 2021