Betonsports Share Discussion Threads

[winwoo] 25/5/2005 09:36

Yup, sure does!

[winwoo] 25/5/2005 09:34

Looks like there are delayed buys in the midst.

[winwoo] 25/5/2005 09:27

LONDON (AFX) - BETonSPORTS PLC, a US facing online gaming company, said its
pretax profit in the year to Feb 6 fell to 13.3 mln usd from 27 mln a year
earlier on turnover of 1.1 bln usd, down from 1.3 bln.
The company also announced today that it has acquired the Easybets
businesses for an initial 15 mln usd in cash and shares. It said this will
enhance earnings immediately.
Chief executive David Carruthers said gross win margin on the Sports Book
has returned to historic trends and is ahead of forecast. He added that new
customer sign-ups and customer cash deposits are also in line with forecast and
slightly ahead of 2004 levels.
The launch of Poker and the repositioning of the on line casino are also
progressing well, he said.
Carruthers said that, despite the strong seasonality of the business, the
board is pleased with the results achieved in the first quarter and looks
forward with confidence to continuing the development of the business in both
core and new markets across the world.
On the purchase of Easybets, Betonsports said a performance-related earn out
has been agreed under which the vendors will receive 43.5 pct of the annual
profits of Easybets in each of the 3 years following completion of the
acquisition provided net profits exceed 3 mln usd in each year.
The most the company will pay for Easybets is 32.5 mln usd.
Chairman Clive a Parritt also said today that opportunities for the group
are "outstanding" and the board is very confident about the future business and
profitability of BETonSPORTS.
The group is also continuing to pursue further value enhancing acquisitions.
It said the current overheated market has led to vendor price expectations being
higher than true worth and being conscious of this fact, the group will only
consider potential acquisitions which are strategically important and earnings
enhancing.
[e-mail]
slm/






COPYRIGHT

[winwoo] 25/5/2005 09:22

What's the verdict?

[clarity] 12/5/2005 12:42

I think around 24th / 25th May if rumours are to be believed.

[brownie69] 10/5/2005 08:24

When are their figs out anyone? They must be late by now, not a good sign?

[brownie69] 27/4/2005 10:31

Looks like this could be in real trouble. This from the forum of gambling911.com a US facing punters site. Doesnt sound too promising. Other threads have talked of staff defections too.

[robsy2] 12/4/2005 17:18

I am uncertain what to do with this share.
I like the sector and have done well on Neteller and UKBetting both of which I continue to hold.
Neteller is a great positioning to profit from the industry as a whole.
UK Betting I like because of their focus on the content side.
I bought BSS because of the South American exposure and topped up when they disappointed the market with missed profits.Evolution have talked the shares up but they have started to drift away again. On the business side it looks to be a well positioned company , the USA legality issue is a plus point as far as I can see but reading through the thread there seems to be a bad vibe about the management. Anyone know anything else on that?
all the best
Robsy 2

[enyaoliver] 21/3/2005 14:04

:) oh, well better than complete silence I guess!

[skyfella1] 20/3/2005 16:26

I think you should get some deodourant, it could help!

[enyaoliver] 07/3/2005 10:21

Strange there is a hidden gem here. And I am alone on this thread ;)

The potential is big, and price seems v.attractive.

Any one????

[enyaoliver] 02/3/2005 14:18

WOW is this one quiet. Hope it gets woken soon, must be big potential here!

[enyaoliver] 02/3/2005 14:18

WOW is this one quiet. Hope it gets woken soon, must be big potential here!

[enyaoliver] 23/2/2005 22:31

Surely this share is undervalued now. About time it went bonkers!

[m.t.glass] 23/2/2005 08:17

BETonSPORTS PLC
23 February 2005

Expansion into South America

BETonSPORTS plc announces that it has signed a management supply contract to
provide sportsbook facilities for Comercial de Juegos de la Frontera S.A. de
C.V. in up to 18 locations throughout Mexico, where they offer bingo under the
name Big Bola.

The first location will open on 5th March in Mexico City and comprises a modern
562 seat bingo hall with ancillary bar and restaurant facilities and a
sportsbook area of 1800sq feet with 24 TV screens showing live sports and full
sportsbook service lounge areas managed by BETonSPORTS.

David Carruthers, Chief Executive of BETonSPORTS plc said; 'This venture
continues our expansion plans in Latin America through local partners who offer
sound local knowledge and ensure legal compliance with the necessary laws of the
country. Mexico has a population of over 100 million people and is a free market
economy. The agreement also allows BETonSPORTS to open locations in our own
name.'

Enquiries

Citigate Dewe Rogerson
Ged Brumby / Ginny Pulbrook [phone]

BETonSPORTS
David Carruthers CEO + 506 234 4515


Notes to Editors

1. BETonSPORTS is one of the world's leading on-line and telephone sportsbook,
multi player poker and casino operator. The company was admitted to trading
on AIM, London Stock Exchange in July 2004

2. The Group gained its first internet sportsbook operating license in Antigua
in 1997. At the peak of high season in the financial year ended 31 January
2004, it employed over 1,600 employees in Antigua, Costa Rica, the Dominican
Republic and the United Kingdom

3. BETonSPORTS.com has been ranked the number one sportsbook by a number of
leading industry organizations, including the Offshore Gaming Association
(OSGA), the International Sports Book Council (ISBC) and Insiders Football
Guide.

4. Over 33 million sportsbook and casino bets were placed with the Group in the
financial year ended 31 January 2004. This equates to more than one bet
every second, and approximately 90% of all the bets it received were taken
over the internet. Further information on the company can be found at

www.betonsports.com

ENDS

[m.t.glass] 09/2/2005 00:16

Broker downgrade.

It takes a very special kind of management to keep getting it wrong in a booming sector.. Hope those who said they were banking recent gains did so in time.

".. Shares in Betonsports were also under pressure, losing 11½p to 113½p as news the UK-based internet gaming group expects in-line full-year results failed to stop broker Altium Securities downgrading its rating to 'sell' from 'hold' on valuation, arguing that the rally implies a trading recovery not confirmed by today's update..."

[czar] 05/2/2005 17:34

trading statement out on Tuesday

[evilwebby] 01/2/2005 17:04

At least Fidelity are buying:

BETonSPORTS PLC
01 February 2005


BETonSPORTS PLC ('the Company')

Substantial Interest in Shares


The Company was informed on 31 January 2005 by Fidelity Investments that FMR
Corp. and its direct and indirect subsidiaries (including Fidelity Management &
Research Company ('FMRCO')) and Fidelity International Limited ('FIL'), and its
direct and indirect subsidiaries (including Fidelity Investment Services Ltd
('FISL') and Fidelity Pension Management ('FPM')), both as non-beneficial
holders, have an aggregate interest in 8,239,754 ordinary shares of 1p each in
the Company ('Ordinary Shares'), representing approximately 10.15 per cent. of
the Company's issued ordinary share capital.

This holding is registered as follows:


Registered Holders Management No. of Ordinary
------------------ Company Shares
---------- ---------------


Brown Brothers Harriman Ltd. LUX FIL 3,646,921
Mellon Bank N. A. FMRCO 2,407,121
JP Morgan, Bournemouth FISL 845,326
Citibank London FPM 465,294
JP Morgan, Bournemouth FPM 407,394
State Street BK and TR Co London FIL 208,325
Brown Brothers Harriman and Co FMRCO 139,200
Bank of New York Brussels FPM 120,173

Total 8,239,754

[bene449] 29/1/2005 09:43

the whole sector seems to be flying. SBT, BSS, GVC all up. BSS chart looks good for another 20p+ next week.

Bene449
www.addicted2shares.co.uk

[evilwebby] 28/1/2005 11:46

The recovery continues... 110p now. Good volume.

[bene449] 27/1/2005 19:27

well, interest seems to be increasing. A healthy 700,000 shares traded today.

[evilwebby] 27/1/2005 07:52

I'm certainly keeping a watching brief, bene. Only have a tiny holding myself, but every little bit helps. BSS haven't exactly covered themselves in glory and I'm not so confident in management, but there seems to be some upside from here, so I might as well stick around and s eewhat happens. The shareprice could double or halve again, and frankly, neither would surprise.