Well that wraps up my time studying accounting at university. What a ride. Thanks to all who helped me get through it and for supporting me. Best of luck to everyone, and I hope you like my drafts!

Step 3 done and dusted! I feel very overwhelmed after completing this section, however I also feel like I have a much, much better understanding of my firm and the (potentially fantastic) situation it is in for the future. I feel as though with this commentary couple with some of the study I have undertaken for the key business and economic realities for my firm, I am quite confident that I might have been given one of the ‘winners’ of the class. Either way, we’re going to find out! Stick around to see my completed assessment and whether I will encourage you to buy some shares in Entain Group!

Typically, I come down sick a week before the due date just to make things a little extra challenging! All good, I can’t wait until I have finished and am drinking pina coladas in Hawaii… or xxxx Golds in Mackay…

Going through these Chapters in the Study Guide took me about 7 coffees. Glad to have learned new concepts and slowly work towards being a solid forecaster! 🙂

I’m so happy to be finished I think I will go and enjoy a nice warm coffee. See you all in a week!

Well it sure has been a journey so far and last week I finally made time to look into my company Entain Group. I must admit, I am not a fan of gambling companies and I find them predatory and I feel as though they work against the productivity of society. Despite my beliefs, I intend to move forward through this part of the semester with the important matters in mind. These revolve around making sure I continue developing my skills in accounting, finance and in particular for this unit, analysing financial statements. Let’s take a look at Entain Group’s history so far:

A link to Entain Group’s website: https://entaingroup.com/

Entain Group began operations in 2004 when they were incorporated as their former name, Gaming VC Holdings S.A in Luxembourg. Shortly after, they acquired CasinoClub which was their primary engine for conducting business. In 2007, they were granted a Maltese licence (I am also a Maltese citizen!) to commence operations in the country. Over the next 10 years Entain began growing rapidly under the leadership of Kenneth Alexander, where throughout this time they managed to acquire a diverse range of companies with their portfolio including names such as Sportingbet, Neds and Ladbrokes. The many acquisitions allowed Entain to possess numerous gaming licences across the globe, which ultimately pushed the company into the upper echelon of the gaming industry. Today, Entain holds 42 subsidiaries and operates within 27 markets across the globe with the desire to enter an additional 50 markets over the next decade. Entain also seems to understand a shift in the consumer market for gambling and had identified that Esports is rapidly developing as one of the leading markets for gambling. Because of this, Etain recently acquired Unikrn, a platform for Esports data and gambling to allow the Group to gain insight into consumers and develop a foundation to progress in the Esports gaming market. Over the next 6 years, the Esports gambling market is expected to triple, offering a significant opportunity for Entain to rapidly grow and solidify the Group as a big player within this market.

Interestingly, it can be seen on Entain Group’s 2021 financial report that their retail model is slowing, while their online gaming services continue to grow and become increasingly important to their profit margins. Let’s be honest, in this day and age all types of retail industries are moving online as it is cheaper, more efficient and allows an organisation to collect useful data that they can either sell, or use to improve efficiencies. It makes sense that Entain is focusing their efforts on growing their online presence and from an investors standpoint, this is a great thing. You can check out Entain’s 2021 financial report here if you would like to investigate further.

My first impressions of the company have been that it is a profitable and sustainable company that continues to position themselves into markets set up for rapid growth. They are expanding internationally to create a true global reach and use consumer data to improve on their business model and efficiencies. Lastly, I absolutely love their logo and choice of colours to represent their Group. It is modern, bright and certainly catches ones eye!

I look forward to continuing on my learning journey of Entain Group throughout the semester and what it means and takes to run a global powerhouse such as this company.

What a great read this was! It is great to come back and finally start posting on here. As I read step 2 a couple of weeks ago I was confronted with an idea I did not fully agree with, however the idea certainly makes logical sense in that ‘we do not invest in a firms past.’ Read my KCQ regarding Chapter 2 of the study guide to hear my insight on this matter. Thanks!

Well, I’ve had my Step 1 of Assessment 1 finished and hidden away in my saved documents for over two weeks now. For what reason you may ask? I honestly don’t know. Either way, I’m going to start posting now as I figured it’s about time I introduce everyone to my awe inspiring thoughts regarding Step 1 of the Study Guide. Hang on to your seats!

Well I’m back, and jeeze hasn’t it been a while?! This term has thrown so many challenges my way with personal life and more commitments than ever which explains my absence on my blogging site! I’ve finally had the chance to begin catching up on my work during this break week and I’m beginning to feel as though I’m on top of everything once again.

The company I have been bestowed with is IDT Pharmaceuticals Australia. Let me be honest with you all first off, I have no idea how to spell ‘pharmaceutical’, so thumbs up to auto correct. Hopefully by the end of this term I have it under control.

Established in 1975, the Institute of Drug Technology Limited (IDT) Pharmaceuticals Australia focus their business on the development of high containment, high potency manufacturing of active pharmaceutical ingredients (API) and finished dose products (including beta lactams), microbiological and analytical testing, clinical packaging, and pharmacy services. Interestingly, IDT Pharmaceuticals have just recently secured a Medicinal Cannabis Manufacturing Licence from the Office of Drug Control which may have some positive impacts on their share price and some negative impacts on my productivity.

With all the investigating into my company, I can conclude that I’ve been given an interesting Australian company once again which I feel very fortunate about and look forward to heading right into my Steps 3-6!