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BETB Betbrokers

0.25
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Betbrokers LSE:BETB London Ordinary Share GB00B1C4T436 ORD 0.25P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.25 0.00 00:00:00
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 0.25 GBX

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Date Time Title Posts
17/12/200821:03New thread40
05/10/200709:04Up and coming perhaps....7

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Posted at 05/10/2007 09:04 by britishbear
News out today.



Looks a decent deal.

Still going to be tough going. Anyone still holding this pretty poor performing share.
Posted at 24/5/2007 08:03 by rill
Released at 7am on RNS this morning. Looks an interesting acquisition

Betbrokers plc

("Betbrokers" or "the Company")

Proposed acquisition

Betbrokers plc, (AIM: BETB), the UK's first retail and wholesale brokerage and clearing house for the sports betting industry, is pleased to announce that it has signed a Letter of Intent ("LOI") to purchase Winning Edge International, Inc. ("Winning Edge"). The acquisition is subject to further due diligence, agreement of satisfactory purchase terms and Winning Edge shareholder approval. The proposed acquisition is line with the Company's stated strategy of providing and selling data.

Under the LOI it is proposed that Betbrokers will acquire all of the operating assets of Winning Edge for a consideration of US$6.5 million, it is anticipated that the acquisition will be funded entirely through the issue of new Betbrokers' shares to the current Winning Edge shareholders. The acquisition is expected to be completed in June 2007 and a further announcement will be made in due course.

Las Vegas-based Winning Edge is America's only publicly traded sports information and tipping service, known as handicapping in the US. Winning Edge specialises in developing and marketing sports handicapping advice and information via television, radio and the Internet. The Company also produces high quality sports, television and radio programming and sells advertising as well as sponsorship and marketing opportunities to its exclusive database of more than one million sports and gaming fans.

This proposed acquisition will complement and significantly enhance Betbrokers' service offering as it allows the Company to provide non-American customers with detailed information on US sports. In addition, this also offers longer trading hours. The provision of television and radio content covering US sports and information services will be sold by Betbrokers to counterparties worldwide where betting is legal.

Wayne Lochner, Chairman and Chief Executive of Betbrokers, commented: "The proposed acquisition of Winning Edge is a significant step in our global growth strategy. Wayne Allyn Root, the Founder and Chairman of Winning Edge, is an experienced television host and spokesman and his knowledge will be invaluable in developing Betbrokers' business going forward".

Wayne Allyn Root, added: "My goal for Winning Edge has always been to build a global brand leader and expand our handicapping advice to international sports. Joining with Betbrokers gives Winning Edge and its shareholders that opportunity. With Betbrokers' experience, we will be well positioned to rollout the Winning Edge business model globally".
Posted at 01/11/2006 10:02 by leeson31
Yah, bit of a risky time, i suppose they'll be non USA orientated :-)

15p float price, even now, but 200 odd mill shs in fre float, perhaps potential here...

:-)
Betbrokers share price data is direct from the London Stock Exchange

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