Betfair Grp Share Discussion Threads

[bustedflush1] 30/9/2007 21:15

The Asian market is targeted by 100% of online bookies as this is were the turnover comes from.

Sportingbet.com are the main operator in Asia and they lose money in that part of the world.

The main markets are the soccer markets and every single online bookie provides markets on these games.

[guidfarr] 30/9/2007 21:09

"Betinternet.com is a bog standard internet bookie and game site.

Market is saturated and only the very big bookies are making bottom line profits."

Incorrect. betinternet has been since about year 2000 and is a quality book mainly targeting the asian market...In my opinion one of the main problems holding this company back is the lack of a proper affiliate programme - you can't pay peanuts to affiliates when they're doing all the work!!

[drjudywood] 30/9/2007 21:07

ok...we'll just get back into American markets instead

[bustedflush1] 30/9/2007 21:02

betinternet.com only came on my radar screen when I saw some ramper spouting how these shares were worth 20p each.

[corrientes] 30/9/2007 21:00

Funny, these 'new' names 'dogging' this share. Now why didn't 'they' 'dog' it before when the results were preannounced a long time ago and the price was higher. Hmm !

[bustedflush1] 30/9/2007 20:59

La Vallette

Pray tell why is betinternet.com niche ?

Do you know what the word niche means ?

Betinternet.com is a bog standard internet bookie and game site.

Market is saturated and only the very big bookies are making bottom line profits.

[la vallette] 30/9/2007 20:50

Too many at it peeps.
This is a niche business in a VERY competative market
It's a DOG going belly up

[guidfarr] 30/9/2007 19:38

I don't have a lot invested in this but guys the reason the share price has lowered is because betinternet is looking to acquire another sportsbook which might require another placing of shares...

[ginster] 30/9/2007 01:50

Big dumping indeed.

Ask yourself this...if Bet was a greyhound before the big race would you back him?

[barnetpeter] 29/9/2007 20:33

I am afraid I think busted is right. Big dumping here and I reckon BET is in trouble. Burnbrae has put up so much cash now and my guess is it will not put up more. Meanwhile BET cannot make a profit on all this turnover. If the latter is falling, the fixed costs will not be met.

I have no current position on BET although I put up an earlier thread and thought it had potential. I too was dazzled by all the turnover.

I called HCEG a dog at 70p yet even I am shocked to see it go broke. But I have learnt that AIM is the fastest way to lose money. BET is going the same way I reckon.

[bustedflush1] 28/9/2007 19:31

losing money on a dud share is fun ???????


LOL

[corrientes] 28/9/2007 18:54

Now we know why you want to knock the opposition. Your intensity and bitterness is there for all to see. This is a bit of fun, for me anyway and I am not terribly interested in your angst.

[bustedflush1] 28/9/2007 18:44

I worked in the betting industry for 6 years before I started my own company.

I also have a lot of friends who still work in the industry. 3 of them have just been made redundant from heathorns online.

The online bookmaker industry is completely saturated and in my view and indeed many other the likes of betinternet.com are doomed.

[bo doodak] 28/9/2007 18:36

Whether you are right or wrong it is obvious from your comments you lack any detailed knowledge of this company. I am unable to attribute any value to your comments therefore so I'll leave it at that.

[bustedflush1] 28/9/2007 18:08

Companies always go to the wall.

It doesn't matter one jot who the shareholders are.

If its a basket case as this is often shareholders won't put anymore money in.

As far as a takeover well there could well be consolidation for online bookies but this company is not worth anywhere near the current share price.

[bo doodak] 28/9/2007 16:14

Tedious stuff this.
We are not going to the wall with Burnbrae over 50% supportive shareholder. The worst case scenario will be a takeover of BET by JM and a delisting.

[bustedflush1] 28/9/2007 13:01

ebitda slighty positive and bottom line is loss making.

Market cap is way too high for the current situtation the company is in.


Market is saturated with online bookies trying to break into profit (not my words buy Gary Henderson of Klienwort).

In the past few weeks a few have gone to the wall and more will follow.

Strong sell.

[sea7] 28/9/2007 12:44

0.4% of issued shares sold today at below bid, hardly a huge dump, sizeable considering the usual trading pattern of BET but not huge when put into the context of the shares in issue. The company has posted its best results for a long time and this is no different to any other company i have seen have its share price dropped post results to get sellers. If anyone else wishes to take their cue on the action of the price then that is upto them but the results speak for themselves and this company is where it said it would be at this time.