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Jumbo Interactive Ltd ASX:JIN

0 opened or increased5 held2 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 10 managers in total.

Position history by manager Showing 3 of 10 managersSelect a point to see the comment

Opened or increasedHeldReduced or exited Start or end of the position not reported

7 more managers have commented on JINPro shows the full position history for all 10 managers.

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20252026

23 Feb 2024 to today

Commentary Showing 2 of 24

DateManagerActionSummary

30 Jun 2026Ralton Asset ManagementHeldRalton Asset Management continues to hold Jumbo Interactive because, despite a 15.4% fall in June, it remains positive on a valuation basis and its international expansion strategy continues to progress. The share price was pressured by broker downgrades driven by concerns over potential UK regulatory changes and upcoming contract renegotiations with its primary domestic lottery partner, The Lottery Corporation, which lowered analyst earnings expectations.

Monthly Report, price recorded $6.50

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31 Mar 2026Oracle Advisory GroupExitThe manager sold their investment in Jumbo because increasing pressure from The Lottery Corp has required higher marketing spend, decreasing margins. The company is no longer taking market share â€” a key part of the thesis â€” so with the thesis broken, the manager exited.

Quarterly Report, price recorded $7.71

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22 more comments on JINPro shows every comment, with a link to each source document.

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First mention by manager

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Price at first mentionThe share price recorded when each of 10 managers first commented on JIN.

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Articles

31 Mar 2026Jumbo Interactive ASX JIN Fund Managers On Its International Diversification Push

About Jumbo Interactive Ltd

Information Technology, Hotels, Restaurants and Leisure

Jumbo Interactive (ASX:JIN), the online lottery reseller and lottery software provider, has lost favour with several fund managers. In June 2026, Ralton Asset Management reported Jumbo fell 15% on broker downgrades linked to potential UK regulatory changes and upcoming lottery partner contract renegotiations, though it remains positive on valuation. Oracle Advisory Group noted increased competitive pressure from The Lottery Corporation has forced higher marketing spend and squeezed margins, with Jumbo no longer gaining share, while Clime exited after reassessing two recent acquisitions. Jumbo Interactive operates in the Consumer Discretionary sector within the Hotels, Restaurants and Leisure industry, and Thesis Tracker has captured 24 comments from 10 fund managers, including Ralton, Oracle, Clime and Jencay. Founded in 1986 and headquartered in Milton, Brisbane, Jumbo sells official Australian lottery tickets through Oz Lotteries and provides lottery software and managed services to charities and government lotteries in Australia, the UK and Canada.

Market cap: $364m
Price to earnings: 14.0x
Return on equity: 27.1%
Dividend yield: 3.6%
Price to book: 3.61x
Net margin: 17.9%
52-week range: $5.64 to $13.14

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in Jumbo Interactive Ltd (ASX:JIN)?

Fund managers including Clime Investment Management, Jencay Capital, Ausbil Investment Management, Oracle Advisory Group, QVG Capital, Wilson Asset Management, Tyndall Asset Management, Selector Funds Management, Provenance Value Partnership and Ralton Asset Management have invested in Jumbo Interactive Ltd (ASX:JIN).

What opportunities or catalysts do fund managers highlight for Jumbo Interactive Ltd?

Ralton remains positive on Jumbo's valuation, and Jencay highlights the opportunity to leverage its platform as a software-as-a-service and managed services offering for charity and state lotteries internationally.

What are the key risks to the Jumbo Interactive Ltd investment thesis, according to fund managers?

Managers highlight competitive pressure from The Lottery Corporation forcing higher marketing spend and lower margins, according to Oracle, potential UK regulatory changes and upcoming contract renegotiations with lottery partners, according to Ralton, and Clime's concerns about the risks of two recent acquisitions.

What does Jumbo Interactive Ltd (ASX:JIN) do?

Jumbo Interactive Ltd. is an Australian-based company specializing in online lottery retailing and software solutions. Founded in 1986 and headquartered in Milton, the firm operates through three core segments: Lottery Retailing, Software-as-a-Service (SaaS), and Managed Services. The Lottery Retailing segment sells government and charity lottery tickets via digital platforms. The SaaS segment develops and maintains proprietary lottery software for global clients, while Managed Services provides professional lottery management for domestic and international businesses and charities. Jumbo Interactive focuses on digital transformation within the lottery sector, delivering integrated technology solutions for governments and authorized organizations worldwide.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

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