Azzet reports on three stocks with price moving updates today.
BetMakers Technology soars on deal with Stake ~
Shares in BetMakers Technology (ASX: BET) were up 8.6% by 1:10 pm AEDT (2:10 am GMT) after the wagering tech company announced a multi-year tie-in with Australian-owned global wagering powerhouse Stake to supply its RaceOdds+ platform as the online wagering operator expands its global horse racing offering.
The deal will see BetMakers deliver its RaceOdds+ solution to stake.com - which is licensed in Curacao - under a three-year contract, with an option to extend for a further two years.
The partnership gives Stake access to BetMakers’ full pricing and trading capability, global racing content, the BetStream racing vision player and the Racelab suite of products, including Insights, Live, Stories and Informatics.
The agreement also includes the use of BetMakers’ proprietary Global Tote Hub, enabling stake.com customers to access global tote pools and wager across a wide range of bet types from international racecourses.
Commercial terms of the agreement include a mixture of fixed and variable revenue to be earned by BetMakers from the go-live date, which is pegged for some time in 2H FY26.
Commenting on today’s update, BetMakers CEO Jake Henson told the market that the agreement is a strong validation of the depth and quality of its RaceOdds+ product and the broader BetMakers global racing strategy.
“The agreement will see BetMakers' proprietary Global Tote Hub provide tote pool access to stake.com customers, allowing them to wager on a global wagering menu of bet types from the world's premier racecourses – highlighting a unique feature of BetMakers' RaceOdds+ product offering,” he said.
Meanwhile, Stake’s Director, Jarrod Febbraio, called the deal “a game-changer.”
“The opportunity to offer tote pools through the Global Tote Hub is a terrific way to support the sustainability of horse racing, which is important to us,” Febbraio said.
“We’re confident this partnership will allow us to deliver a superior racing experience.”
Today’s update follows the BetMakers’ agreement to acquire the assets and liabilities of the Las Vegas Dissemination Company (LVDC) – announced early December – which strengthens its foothold in the U.S.
The three-month period to end June completed a transformational year for BetMakers, with investments in technology, product development and operational efficiency translating into strong financial results and positive cash flow.
The company’s revenue rose to $22.6 million, representing an 8.9% increase on the previous quarter.
BetMakers secured $12.5 million during the quarter and used the proceeds to repay $3.1 million in outstanding debt and fund its strategic growth, including the acquisition of horse and greyhound pari-mutuel supplier Las Vegas Dissemination Company and payments relating to New Jersey Fixed Odds.
BetMakers Technology Group has a market cap of $212 million; the share price is up 80% in one year and up 8% in the last week.
The stock appears to be in a strong bullish trend, confirmed by multiple indicators.
Consensus is Strong Buy.
Janison Education Group rallies on overseas contract
Shares in Janison Education Group (ASX: JAN) were up 4.2% after the provider of online assessment software secured a five-year national contract worth about $21 million with the NZ Ministry of Education to deliver a new digital Student Monitoring, Assessment and Reporting Tool (SMART).
Making one of the company’s largest international wins, the contract extends the group’s role beyond Australia in delivering national-scale assessment programs.
While the total contract value reflects minimum committed revenue, first-year revenue is expected to be about $3 million, while additional work may be commissioned through separate statements of work.
Commenting on today’s update, CEO Sujata Stead told the market that the agreement demonstrated the scalability of Janison’s technology and its ability to support culturally responsive assessment at a national level.
The SMART platform is expected to support twice-yearly bilingual assessments for students in Years 3 to 10 across reading, writing and mathematics, including Māori-language assessments, and will be delivered through Janison’s online assessment system.
Today’s contract update follows to contract with the Victorian Building and Plumbing Commission - inked in November - to deliver a digital assessment platform for building and plumbing accreditation applicants, with a total contract value of around $719,000.
A month earlier, Janison won its first contract with the WA School Curriculum and Standards Authority (SCSA) for its Online Literacy and Numeracy Assessment (OLNA) valued at around $1.4 million over five years.
The FY25 outcomes included:
- Revenue rose 9% to $47 million.
- Operating earnings held steady at $3.1 million.
- Operating cash flow was $3.0 million.
- The year ended with $10.6 million in cash, a strong base to support continued investment.
- The first quarter of FY26 has tracked in line with plans, with revenue and earnings on target.
In October, the group launched its redesigned website, a significant milestone for our brand and digital presence, redesigned to optimise sales conversions and position Janison as a global leader.
Janison Education Group has a market cap of $71 million; the share price is up 37% in one year and is up 29% in the last month.
The stock is in a strong bullish trend, confirmed by multiple indicators.
Specifically, a 5-day moving average of the stock price is above the 50-day moving average.
Consensus is Hold.
Boss Energy tanks on Honeymoon project update
While all uranium stocks were sold off by single-digits today, shares in Boss Energy (ASX: BOE) were the sector’s outlier, down around 31% - to hit a four-year low - after pulling a feasibility study for its Honeymoon project in South Australia.
The net effect will see the Honeymoon project deviate significantly from 2021 forecasts, affecting future production and costs.
Due to unreliable higher-grade mineralisation, mineralisation not overlapping, less leachability, and smaller wellfields, the project's deviation is expected to impact life of mine production and costs from FY 2027 onwards.
While the uranium miner confirmed 2025-26 financial year production and cost guidance, it told the market to expect a 15% increase in all-in sustaining costs for the following year.
Meantime, management also told the market it was exploring a wide-spaced wellfield design as a new strategy, hoping to optimise uranium production by improving cost efficiency and extending mine life.
While today’s update is a disaster for shareholders, it’s good news for short sellers.
Since piling into the stock this year, Boss Energy is now the market’s most shorted stock, with short selling now accounting for a whopping 25% of all trades.
While the Honeymoon review has indicated an expected material and significant deviation from the assumptions underpinning its 2021 Enhanced Feasibility Study (EFS), the miner is seeking to restore shareholder value by potentially revitalising its uranium assets.
With $212 million of cash and liquid assets (as of 30 September 2025), Boss is poised to self-fund strategic work programs and feasibility studies.
The company has initiated a series of accelerated work programs to assess the potential economic benefits of the wide-spaced wellfield design.
Management believes that a wide-spaced wellfield design could potentially deliver lower costs and improved lixiviant grades compared to the current wellfield design.
This is achieved by increasing leaching time, lowering reagent use, and utilising wellfield infrastructure over a larger surface area and more uranium under leach.
An initial update will be provided in the first quarter of 2026, with completion of a scoping study targeted for the second quarter and completion of a new feasibility study in the third quarter.
“We acknowledge there is a significant amount of work required for Boss to restore shareholder value,” said Boss Energy's managing director, Matthew Dusci.
“The team is committed to delivering on this important measure through optimising what we see as a robust uranium production asset, if a new wide-spaced wellfield design can be successfully implemented.”
Today’s market update is a major about-face from late October when the stock’s shares surged 20% due to strong quarterly performance and positive industry news.
While Bell Potter was banking on a 52% upside - based on current share prices - with a buy rating and a $2.90 target price, this was contingent upon the Honeymoon Review.
In light of today’s review, watch out for serial broker downgrades in the days ahead.
Boss Energy has a market cap of $460 million; the share price is down 52% in one year and down 32% in the last week.
The stock’s shares appear to be weak with little demand from investors.
The 200-day moving average is downward sloping, and the recent price action has also been weak. Investors should proceed with caution.
Consensus is Hold.
This article does not constitute financial or product advice. You should consider independent advice before making financial decisions.
