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SBT Sportingbet

54.50
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Sportingbet LSE:SBT London Ordinary Share GB0009516252 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 54.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 54.50 GBX

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Date Time Title Posts
02/10/201919:23Sabien Technology - Stock Pick 20202
26/4/201310:45Sporting Bet (SBT) Moderated4,037
12/10/201207:17Sportingbet- The New Thread, 2006 and beyond!22,392
13/1/201215:47Sportingbet (SBT) - About to be taken over?228
18/11/201117:14Sporting bet - target just 16p14

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Posted at 25/2/2013 14:21 by pyueck
A word of warning on GVC accpetance in Nominee:

With GVC hovering a mere 3-4% above the 233 that would make it better value to go for the cash than GVC shares, I must all warn you of a peril you may be unaware of.

If you are a nominee shareholder you will have a date to decide whether to a) take cash and gvc shares as per deal, b) to take all cash, or c) to take as many gvc shares as possible. For III this is the 5th of March, this is a week before crest shareholders can decide.

The effect of this is you need to be REALLY careful about choosing option c, especially as it is very uncertain whether the GVC shares will be above or below the equivilant cash value.

If you choose option c and the GVC price is above 233 then you are likely to get a few more shares than you would if you chose option a, as most other holders will choose to receive as many GVC shares as possible. However if you choose option c and the GVC share price crashes between the date you decide and the date everybody else decides you will end up with LOTS of GVC shares as almost all other shareholders without an agreement to take GVC shares will opt for cash.

GVC is a very hard to value company and it is forseeable that there could be large movements of the share price. If the worst was to happen and the share price crashed say 30%, you could be at a huge loss. However if the shareprice rose 30% your upside is very small as pretty much all shareholders would take GVC shares and you wouldn't get many.

Thats why for me if assuming on the 5th the shareprice is above 233, I will be taking option a, not option c. Obviously if it is below I will take the cash, in fact if it's much below 240 I might go for cash due to dealing costs.

Just a note beware option C, you have been warned!!!!!!
Posted at 18/2/2013 11:01 by trentendboy
It an interesting to consider what would happen to the SBT share price on deal rejection - and indeed what would happen to GVCs price.

We all know GVC and Hills got a fantastic deal.

The new US development would have lifted SBTs price but probably not as high as 55p.

I would imagine SBT would fall back to low 40s even with new US news.

GVC - likely to fall as well.

These two sentences appear contradictory - these things are never clear.
Posted at 16/2/2013 11:04 by shayadfn
Hello People, just got info on the SBT options

Are my calculations correct

I have 278587 sbt shares

Under the default option I would receive Cash of £124,806.98 and 12119 GVC Shares - (default option)

IF I were to choose the MAX Cash Option then the GVC Shares the 0.0435 share of GVC share would give me 10.2pence (12119/0.0435)x0.102 =£28416.96 (this prices sbt currently @ 53.32p


Under the MAX share option: I can opt to swap 10.2p cash for 0.0435 share in GVC

(£124,806.98/0.102) x 0.0435 = 53226 GVC share(rounded down)

Hence total GVC shares 65,345 @ yesterday's mid price of £2.66 = £173817.70
this values todays sbt shares @63.4p
There are a lot of variables between now and 20th March

BUT IS MY CALCULATION TOTALLY WRONG? CAN SOME SMART PEOPLE ON HERE CHECK.
Posted at 12/2/2013 10:10 by yesrupnel
Thanks pyueck for the quick reply.

I did buy some non ISA shares in an ISA (the broker let it through - it was my mistake thinking it was an ISA'ble share and there fault for letting it through) but they contacted me and said I had to sell them within approx a month - I have also seen a note on this BB saying you have upto 28 days to sell a non-ISA'ble share in your ISA. Does anybody have any views on this 'fact' because it may open up opportunities to go down the Max Shares option if you have SBT shares in an ISA.

In the last month SBT shares have risen to 55.5p and GVC to 275p both on 28 Jan 2013 and they have both fallen since then.

So pyueck - are you saying that if I waited until say, the last day to elect to what to do with the shares (4 March) the share price could rise (equally of course it could fall) and I might potentially get more than 55p? And as you say the difference in real profit for me could be small once you take the dealing costs into account.
Posted at 29/1/2013 15:50 by grizzly bare
Hi finkie. I feel a bit like you today and I wish I could blame it on alcohol but I can't!

I really feel I have had enough of Sbt now and am trying to decide whether to sell now and move on. I don't want to hold GVC shares but if I did I'd simply buy them.

I thought I'd hang on to see the start of the GVC re-listing to see if we could squeeze another couple of pence out of the Sbt share price but it seems we can't!

I bought most of my Sbt holding at 42p so I suppose I should be happy with 55p.
Posted at 09/1/2013 23:43 by grizzly bare
The share price closed at 54p today ...

1. So we have a possibility that the bid may be voted down, but not great. What would this do to the share price I wonder!

2. And we have the possibility that a white knight may appear on the horizon, but not great. What would this do to the share price! :-)

3. And we have the deal if accepted, underwritten at cash 55p (which we hope is watertight!)

4. And each 10% increase in the closing GVC share price of 233.5p will increase the value of the 55p bid by approx 1p. So if it goes to 300p (+ 30%) the bid is worth approx 58p!

Am I right?!!!
Posted at 18/12/2012 09:28 by mylands
The way the SBT share price is moving shows that the market thinks the offer is coming today. Any indication of another extension and the price would be falling IMO.
Posted at 17/12/2012 17:33 by grizzly bare
Well just come in from Christmas shopping and nice to see the SBT share price break up through 50p again.

The other online gaming firms all seem to have taken a hit today... anybody know why?
Posted at 10/12/2012 18:13 by aleks_atanasov
Thanks ExBroker. ... but in my case Fidessa doent have all of the major exchanges as well as news wires so i guess i have to pay. I used Proquote for LSE... was extremely satisfied by both the price and the quality.


oohrogerpalmer - The big Insti boys wouldn't sanction that - exactly thats the problem...given that the majority already thinks its a cheap sell.

i doubt 40p ... GVC will still have some value... once GVC shares get relisted they will 100% start to fluctuate... the first day will be nuts and then after it settles i guess a night of sleep will be required & on the second day SBT share price will be locked in line with GVC share price .. if GVC doesnt go too low at which point some major holder can declare they will vote against it...

Falling GVC share price is a really big risk here.... Errr GVC overall given the size and the trading platform... again if this was a mid cap SETS share they would not have suspended it.
Posted at 09/12/2012 14:41 by aleks_atanasov
by the way one detail that i think has skipped the conversation is that if indeed GVC begin trading next week ... SBT share price will fluctuate in line with GVC share price Generally you can hedge (by shorting the offeror) against the risk of a falling GVC SP... tho not this time.
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