Morgans Conversations: Video with Mike Veverka , CEO and Founder, Jumbo
![](https://assets.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBdnNDIiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--c4cdd693ae671b9528b25a47140e30b57e8a9865/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lKYW5CbFp3WTZCa1ZVT2hOeVpYTnBlbVZmZEc5ZlptbHNiRnNIYVFISWFRSEkiLCJleHAiOm51bGwsInB1ciI6InZhcmlhdGlvbiJ9fQ==--a788536266c8d052a67a95e113f2ebbff3ad0a97/0_yHCbizOW301_bxTZOIT4in4qiVT85VhZYun4in4dpyvKsYc4ratwS9uFDc3x6j3NgI8M2AEjIqyE.jpeg)
Sub11
Morgans Adviser Chris Titley recently interviewed Mike Ververka – Founder and CEO of Jumbo Interactive
Jumbo has been a stellar performer over the last year with the stock price tripling with multiple upgrades:
A summary of quotes from the interview:
LAST 12 MONTHS: “a lot of things have gone really well for us.. great results .. and a huge increase of our profits”
OUTLOOK : “Guidance of 20-25%...and that’s looking a little low”
POWERBALL: “The new Powerball structure.. it’s here to stay and we are expecting a lot more jackpots in the years ahead” .
IT PLATFORM : “We were doing 14 orders a second… and one of the winners of the $100m was one our customers, at 6pm at night .. the system worked beautifully”
ENGAGMENT : :”Every time you get a big event, like a $70-100m jackpot , we get an influx of new players”..
FUTURE : “In a couple of years, I’m really looking forward to a lot of growth… Let’s not forget only 18-19% of lottery tickets are sold over the internet, I think that growth will continue on for at least five years or more”
2 topics
1 stock mentioned
![Chris Titley](https://assets.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBdnNDIiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--c4cdd693ae671b9528b25a47140e30b57e8a9865/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lKYW5CbFp3WTZCa1ZVT2hOeVpYTnBlbVZmZEc5ZlptbHNiRnNIYVFISWFRSEkiLCJleHAiOm51bGwsInB1ciI6InZhcmlhdGlvbiJ9fQ==--a788536266c8d052a67a95e113f2ebbff3ad0a97/0_yHCbizOW301_bxTZOIT4in4qiVT85VhZYun4in4dpyvKsYc4ratwS9uFDc3x6j3NgI8M2AEjIqyE.jpeg)
Stockbroker at Morgans with a particular interest in profiling entrepreneurs, business leaders and emerging technology companies. Podcasts/Videos will be published here and or on Morgans website.
Expertise
![Chris Titley](https://assets.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBdnNDIiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--c4cdd693ae671b9528b25a47140e30b57e8a9865/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lKYW5CbFp3WTZCa1ZVT2hOeVpYTnBlbVZmZEc5ZlptbHNiRnNIYVFISWFRSEkiLCJleHAiOm51bGwsInB1ciI6InZhcmlhdGlvbiJ9fQ==--a788536266c8d052a67a95e113f2ebbff3ad0a97/0_yHCbizOW301_bxTZOIT4in4qiVT85VhZYun4in4dpyvKsYc4ratwS9uFDc3x6j3NgI8M2AEjIqyE.jpeg)
Stockbroker at Morgans with a particular interest in profiling entrepreneurs, business leaders and emerging technology companies. Podcasts/Videos will be published here and or on Morgans website.