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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Betcorp | BCL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 13.14 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 13.14 |
| Top Posts |
|---|
Posted at 26/7/2006 12:25 by woozle1 Phone betting is where these guys are exposed because that is explcitly illegal under the wire act. As a pure internet play, it should be OK if the Senate does not pass the legislation. BSS was always susceptible because of the size of its phone betting operation. The failure of BSS could be a real plus for BCL and SBT.W |
Posted at 12/7/2006 07:23 by martincoops Also the turnover is excellent and BCl will increase margins and what with the cross selling and admin savings this will add greatly to the bottom line.For the year ended 30 June 2006, Oasis recorded (unaudited) gross revenue from players of US$7.4 million (sports US$3.6 million, casino US$3.8 million) on turnover of US$278 million (sports US$61 million, casino US$217 million) and net income of US$1.3 million. Following the migration of Oasis onto the Betcorp operating infrastructure, the Group expects to make annual net operating cost savings of over US$1 million by fully integrating its bookmaking, customer service, IT, finance and marketing resources. |
Posted at 12/7/2006 05:55 by martincoops News out on Aus, BCL to delist in Aus and Acquisition. Shares traded 25c down (10p) but this could be due to the senate announcment on passing the law banning internet gambling or the fact it is going to be delisted in Aus.Next couple of weeks could be interesting. |
Posted at 11/7/2006 15:09 by martincoops Hi WoozleHad a look and thought I would be try a few, brought 2407 this morning, just noticed that 3 x 300,000 odd buys gone through so maybe my timing will be ok on this one. BCL looking good sould be nice to see a tick op before close though. |
Posted at 07/7/2006 06:09 by martincoops Morning all / Wonder BoyVery quiet in Aus so I would expect a green day today. Been a good week so far for BCL lets see the recovery continue next week with the push up to £2 Be lucky |
Posted at 06/7/2006 15:42 by martincoops Wonder just been revisiting the figures and to be honest and would say they are static at worst but BCL did say that Sportsbetting would only account for 50% of their turnover in 2006 instead of 64% in 2005. Also just read this again from the placingThe Group currently reports financial results in US dollars, as the majority of its revenues are derived in this currency. For calendar year 2005, the Group achieved gross revenues of US$29.4m on betting turnover of US$825.0m and a profit after depreciation, interest and taxation of US$4.3m. At the close of trading in the ordinary shares on the ASX on Friday 17 March, Betcorp had a market capitalisation of #49.1m. KBC Peel Hunt is acting as Nominated Adviser and Broker to the Group. Commenting on the announcement, David Hudd, Chairman of Betcorp said: "We believe that Betcorp is undervalued on ASX relative to other companies in the online gaming sector which are currently listed on AIM. Moreover, the London market has an unrivalled understanding of online gaming businesses and we expect it to be at the forefront of corporate activity as the industry evolves. We have an ambitious, proven management team in place that is determined to play a leading role in industry consolidation and we look forward to benefiting from the advantages that an AIM listing will bring us." If they thought it was undervalued at £49 million I wonder how they feel now as current value is £29 mill Be lucky |
Posted at 06/7/2006 15:26 by wonder boy the down trend is in sports betting turnover. clearly this has been more than off-set by a growth in casino turnover thus far. this just brings us back to the whole branding issue. the casino growth cannot continue forever and won't be helped by the lack of a strong brand. what happens then?my fear is that BCL will buy turnover via acquisitions. that's fine so long as the target has acquired that turnover on the strength of it's product/brand (and that product/brand is retained). this is often not the case. paying top dollar for transcient turnover is unsustainable. just my thoughts. i wouldn't be surprised to see BCL taken out by one of the larger players before the lack of a brand becomes too apparent anyway. |
Posted at 06/7/2006 14:33 by wonder boy martin, why the animosity?rather than quoting the headline numbers, try studying the underlying trends and then telling me everything is rosey. yes, sports betting revenues are up, but turnover is DOWN! BCL admit themselves that they've had a lucky run of sporting results in Q1 2006. this can't comtinue matey. they need to do something about dwindling turnover. |
Posted at 19/6/2006 11:45 by finbarr Nissi,On the above valuations BCL is significantly undervalued by the market. Why? It would seem that all other things being equal BCL would be bought in the region of £50-60m. That seems like funny money in the context of the current share price. Time to buy?.Any views on the business other than the Q1 results? |
Posted at 07/6/2006 09:19 by woozle1 Has the worm turned. BCL is being marked up!W |
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