Betcorp Share Discussion Threads

[woozle1] 07/7/2006 09:02

The FT report that World Gaming is in play; which would help explain why smaller and undervalued stocks are much firmer.

W

[martincoops] 07/7/2006 08:57

And up again

Surprised it is so quiet on here as this is a real bargin at this price.

[martincoops] 07/7/2006 08:07

Well thats a nice surprise, ticked up on the bid :-))

[martincoops] 07/7/2006 07:09

Morning all / Wonder Boy

Very 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

[martincoops] 06/7/2006 16:47

Unbelivable to think that they turnover their market cap every 3.5 weeks!!

Turnover £458,000,000

Market Cap £28,940,000

[martincoops] 06/7/2006 16:42

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

[wonder boy] 06/7/2006 16:26

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.

[martincoops] 06/7/2006 15:52

Sorry Wonder boy but the figures show a uptrend in turnover to me

Total turnover
Q1 2005
$181,199

Q2
$161,942

Q3
$175,597

Q4
$306,296

Q1 2006
$286,854

[martincoops] 06/7/2006 15:47

So they were expecting the better margins, it helps if the whole of the paragraph is posted.

Betcorp has achieved a record quarterly profit of US$3.6m (Q1 2005: US$1.5m) as
the trading momentum established in the second half of 2005 has been maintained
through the first quarter of 2006. Excellent results were achieved in all
business areas including an outstanding performance in sports betting, where a
series of favourable results in all major sports contributed to a gross margin
rate for the quarter of 8.33%. This is significantly above long-term levels
although improved trading margins were expected from the move towards a broader
recreational client base.

[martincoops] 06/7/2006 15:41

No animosity intended

So show me where it is down then.

[wonder boy] 06/7/2006 15:33

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.

[martincoops] 06/7/2006 14:42

And then of course there is this

Sports betting revenues up 76% to US$9.7m (Q1 2005: US$5.5m)

[martincoops] 06/7/2006 14:27

What for you!

Turnover for the 1st Quarter

Total betting turnover up 58% to US$287m (Q1 2005: US$181m)

Yep nobody is visiting their sites at all. LOL

[wonder boy] 06/7/2006 13:27

why does nobody want to acknowledge the big issue here? this company is anonymous. they haven't grown sportsbook revenues a jot over the last 12 months. they need a reconisable brand. BetBet just doesn't cut it.

[martincoops] 06/7/2006 12:06

Nice to see a MM buy.

Should'nt take long to get back to £2

[martincoops] 06/7/2006 09:47

Hi entos

It was reported in their results

However, a downturn in May at the betting unit has hurt the second-quarter
performance

Hope it does well for you though.

[entos] 06/7/2006 09:41

Thanks for response martincoops.Loss making up to Dec 05. Mainly due to outlay/investment it was their first year.Poor May - where do you get this info from? It was a post to give info not to compete with betcorp.Good luck.
Entos.

[martincoops] 06/7/2006 09:30

Betex is loss making and has had a poor May.

[martincoops] 06/7/2006 09:27

No thanks entos, think I will stay here

Be lucky

[entos] 06/7/2006 09:25

Get on Betex.More director share buying today!

[martincoops] 06/7/2006 09:24

Just to think if they keep their profits at the same level each quarter these are on a pe of less than 4 now that is very rare to find.

[martincoops] 06/7/2006 09:12

Should of done ok I would of thought. Shame we have not had any acquisitions yet.I thought that was part of the reason for the uk listing.

[milner2] 06/7/2006 07:50

Bookies have all had a good world cup so i hear, with the favorites Brazil being in many punters betting calculations being knocked out in the first playoff game.
Wonder how Betcorp faired on the more European oriented site BetBet.com?
NFL start in September not far of now.
Fingers crossed.

[martincoops] 06/7/2006 06:19

And up again in Aus Now $4.20 dollars to buy. Its going to be a blue day again :-))

[wonder boy] 05/7/2006 12:29

the websites are actually very, very good. with 15m in the bank these guys should be buying a decent web address that could be built into a very strong brand with a bit of investment.

cybersportsbook, wageronsports etc. are too long and much too easy to forget.

come on mr walker, you have a great product now lets see the public made aware of it! how about WonderBoyBet.com