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BSS Betonsports

265.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Betonsports LSE:BSS London Ordinary Share GB00B01CDB60 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 265.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Betonsports Share Discussion Threads

Showing 151 to 175 of 425 messages
Chat Pages: 17  16  15  14  13  12  11  10  9  8  7  6  Older
DateSubjectAuthorDiscuss
26/11/2004
11:55
Are we sure about the "e" figure miamisteve. You are using a figure that has reduced from 30 to 7 (a 77% drop) when at the interim already 5.3 had been made. Your figures imply 1.7 for 2nd half instead of original 24.7 (a 93% drop) and based on some brokers guess I suppose. I assume not EVO's as they are always 100% wrong!!!! (see float).
blueblood
26/11/2004
11:45
SZHCIK
Well the market is all about different opinions and sentiment.

Miamisteve
PE is just one measure of 'value' (not to debate again the point already made about which 'E' are you using ?)


At the end of the day - the market will decide the price. I'm happy with my long and so far the price is heading in the right direction (at least for me).

gammabod
26/11/2004
11:27
1.60p - 0.35p / .30 = 4.2 p/e
.85p - 0.35p / 0.07 = 7.1 p/e

Therefore company is worse value now then before profits warning after taking into account nav.

miamisteve
26/11/2004
11:19
..he knows the game and how to play it...

Not sure i agree with that statement considering recent developments....

And yes gambling is a massive growth area, but a bookie, registered in Costa Rico..now you see them, now you dont....

szhcik
26/11/2004
11:08
Nitin,

I don't see this as a 'huge' profit warning. (That would be them saying we are going to take a USD 10m hit). They have 'only' announced that profit in the current period will be half (?) as much as last time.

Now - if they were saying that it wil be half last times - and that's as good as it's ever going to get - that would be serious, but this is a one off.

There's a lot of negative sentiment out there surrounding online betting firms - but this sentiment is not found in the serious users of the sites. (and those of us who do use them have just seen them grow and grow and grow..)

The Sporting Options fiasco - was a 'nothing' company - run by 'chancers' who were looking to sell out for £4m! (they would have probably take £2m!). They are a world apart from the likes of BSS, Betfair etc. (IMO)

Yes - there is cause for concern with BSS (after all - nothing is without risk!) - but I like my chances on this one.

Re: growth in the US - you are absolutely right - this is an important part of their business. I think in the previous 5 years they had grown 'turnover' by 276% (and profits from 0.6m to 26m USD). I'll be watching for news of how this develops.

Last point about the management, David Carruthers is a smart cookie - he had 28 years with Ladbrokes and sees this as his ticket to significant wealth - he knows the game and he knows how to play it. I'm happy to join him for the ride.

Good luck.

gammabod
26/11/2004
10:52
Gamma, thanks for your post. Nice to hear a sensible opinion. I'm using the EVO guesstimate yes. I take your point regarding the NAV. When looking at the forecasts though, you have to worry about whether they will be anywhere near the mark. One huge profit warning out. Advertising problem. Can't grow as much. A second warning is a possibility you must admit. Management now looks silly and nobody will believe them in future. Gambling is a huge growth area for sure but this may not be the best way to play it. I looked at it because of the US exposure but if they can't grow that exposure, what's the point?
nitinshori
26/11/2004
09:43
nitin

What 'E' are you using to calculate the PE ? - The Evo guestimate ? Perhaps the longs see more. (Hence the PE is the same).

Perhaps the longs like the increased leverage in the share.
(This was 150p with NAV 35p, it's now 85p with NAV 35p.) To extrapolate this idea to make it clearer - if the share price was 25p and the NAV was 35p - how important would the PE be ? (as long as it were positive!)

Advertising ?
I've always thought most 'radio' ads are a waste of money anyway - they'll just have to look at what they can do. They could always 'buy' members via an aquisiation.

Happy to answer any 'questions' or 'points' made.

My view - the sell off was massively over done - the share should be trading nearer 100p. It's a great sector - the company looks in good shape (a little bit of 'legal hoops' to jump thro in the US - which is their biggest market - but that doesn't trouble me.)

gammabod
26/11/2004
09:23
So none of the longs have any proper answers to the doom-monger posts then? Why should this trade on a higher prospective PE now than before the announcement? I have no idea and clearly, neither do you.
nitinshori
26/11/2004
08:26
Yep wish I had held them until now ! Lets see what today brings on here, there were some very big buys yesterday so if it continues we should move up significantly
pictureframe
26/11/2004
08:22
Same here Pictureframe - you remember the ELAN days ?

we made a few bob then mate i picked up a shed load at 80p

sparky333
26/11/2004
08:21
Does seem to be a few doom mungers on here. I am happy holding
pictureframe
26/11/2004
08:00
I reckon some of the guys on this board have lost a few bets - LOL
sparky333
26/11/2004
05:58
Some big late trades after the bell. Looking forward to another BLUE day
pictureframe
25/11/2004
22:11
Name me another sector that is growing so fast?

Forget about the moaning of poor sports results, the fact is the gross handle (turnover) fell by 20%. This company is being muscled out by the competition.

miamisteve
25/11/2004
20:16
nit
do agree

Clarity - 16 Jul'04 - 14:19 - 1 of 145


There's a lot of rumour in the US Bulletin Boards about the integrity of these guys ? If the US Boards are to be believed they pay customers poorly, they have a "Gentlemans Club" in the office and the lead man a Mr Kiplan isnt even mentioned in the Prospectus (which I havent seen). Alledgedly he is linked to dodgy people. Usually there's no smoke without fire so I'd urge initial caution.

me me
25/11/2004
19:02
Better stock to be in?
Major profit warning.
Forecasts cut by 60%.
Share price down 50%.
Management look foolish after last months announcement
Can't advertise.
Can't get new customers.
Just listed.

Need i go on.

Very risky to be in. Poor effort at a bounce today. I wish holders all the best but i'll only be in circa 35-40p. Look at the forecasts people. Why should this trade on 12 times reduced earnings forecasts now when it's prospective PE was LOWER before the warning. Nobody can give me a good answer to that one.

nitinshori
25/11/2004
17:52
cannot think of a better stock to be in at present - gambling is growing at a massive rate around the world.

Name me another sector that is growing so fast ?

Also at this price BSS is a tasty takeover candidate

sparky333
25/11/2004
17:44
Wouldnt be betting with a bookie registered in Costa Rica, let alone buy shares in it...
szhcik
25/11/2004
16:53
The other point of view on all of the large trades shown today is that the mid I think was 77.5 this morning,and initial trading for retail investors was buys at 78.5,therefore it is feasable that all the large trades were executed this morning and were in fact buy's at or just above the mid to institutions.....(and have been reported at the end of the trading day).This then cleared the overhang and enabled the price to move up.Just a view!
I think that this share remains highly risky but having said that the cash in the bank and the cash generative nature of this business should provide a cushion for the "bad times".Equally there has been reference in all of the communications that I have seen stating that the on line gambling business is liable to short term swings in profitability especially when a large number of favourites win consistantly.Equally I think that there is also reference to the 2003 results which were unusually high due to the reverse of very few favourites winning......!!I think that the US will prove to be a continuing hard nut to crack.....but boy do the yanks love to gamble!....and when they find a route via the internet I cannot see them forgetting that route in a hurry....true growth will be hampered with lack of advertising but South & Central America together with Asia are also huge markets,and should provide future growth opportunities.These are just my views and I am new to this stock having climbed aboard this morning.....I think the ride will certainly not be smooth but for the long term betting is here to stay and so is the internet!DYOR.

alexacj
25/11/2004
16:19
The 2M must have been a delayed sell from yesterday - once that was out of the way that is why we have risen today

Tomorrow should see another rise - i agree with pictureframe £1 very fast but it maybe difficult to break, but if we do a rapid rise to £1.20

sparky333
25/11/2004
15:58
Should see another rise tomorrow if selling is finished. My short term target is back to £1. Think there will be resistance at that level
pictureframe
25/11/2004
15:51
You're right but I don't understand why they got 78p for a 2M sell. The 750k buy yesterday was less than that.
blueblood
25/11/2004
15:47
Blue

Buys or Sells - there's one buyer and one seller everytime you see a trade. What's more important is the 'price'.

gammabod
25/11/2004
15:43
Blue

Of course it's a sell.

That's been the big sell order that has been the cap on the offer price for the last 24 hours.

I would imagine that it's a fund who has bailed - and just said 'let's get out' (not disimilar to many on here). IMO - with that selling out of the way - we should get back to business as usual. (This jump up - being the 'gap' on the open I was looking for - it was just spoilt by the order).

gammabod
25/11/2004
15:41
Another 2*100k late trades, keep these buys a comin.
blueblood
Chat Pages: 17  16  15  14  13  12  11  10  9  8  7  6  Older

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