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BCL Betcorp

13.14
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Betcorp LSE:BCL London Ordinary Share AU000000BCL4 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 13.14 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 13.14 GBX

Betcorp (BCL) Latest News

Real-Time news about Betcorp (London Stock Exchange): 0 recent articles

Betcorp (BCL) Discussions and Chat

Betcorp Forums and Chat

Date Time Title Posts
24/10/200612:18Betcorp169

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Betcorp (BCL) Most Recent Trades

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Betcorp (BCL) Top Chat Posts

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Posted at 24/10/2006 09:53 by dan10
If takeover price 5.9m why is market cap 2.8m? (based on what I read briefly on the Metro this morning).
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 07:17 by woozle1
Delisting will be good news for the shares. One of the problems in the last few months has been the steady drip of Aussie shares being converted into Aim shares and being sold into a falling market. Whilst the company is developing its institutional/retail investor this has had a damaging effect on the shares. Once the delisting takes place, this steady drip of small shareholders will cease.

All the news this morning is good:

Trading is good
Acquisition at a very reasonable price
Delisting of the Aussie shares

This will get re-rated or bought.
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 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 placing

The 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 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 11/5/2006 20:58 by woozle1
No float here. Just a transfer of the list from Australia to London. The share price movement and valuation are a mystery to me. This must be one of the cheapest and best run gaming stocks. If it's small it will probably get bought or may look to bloster itself through acquisition. In any event, at current levels it looks very attractive. I like this one.

W
Posted at 09/5/2006 15:50 by nissi beach
share price following traffic down only sellers now
Betcorp share price data is direct from the London Stock Exchange