Betfair Grp Share Discussion Threads

[love it] 02/11/2007 16:16

Great update. Managed to get 10k top up but was on the phone for 15 minutes after more was told some selfish person was infront of e for 13k. lol


When the crowds arrive this wil rockt no stock at all the MM's can not hold out on volume.'s the same at the mo would have thought they will not move till Monday hope to get some press.

[8trader] 02/11/2007 15:50

Naturally the mm's have already tried to kill any buying volume in Bet
my widening the spread and offering small amounts.

Next week will see some good upward movement here.

That is a superb update and the margins on pari-mutuel are much higher
than the other bits of the business and has the most growth.

It should get re-rated.

[tornadodown] 02/11/2007 15:46

Well at last some buying has started and fully expect more leading into the results later this month.

Have a good weekend all.

[run rabbit] 02/11/2007 15:15

Hard as hell to buy and only managed 13.3 before they moved it.Andy personally prefer dealing in cash but thanks for your input.

[8trader] 02/11/2007 15:12

Wont let me have them at 4.75p so i've cancelled the order, i do have
lots at 4.25p and 4.5p so i'm still happy with the move up.

mm's do not have much stock at all.

[run rabbit] 02/11/2007 15:00

Trying to buy a few more myself but as you say 8T you cannot get any size.Just put an order to the market makers to see if they can fill it.

[8trader] 02/11/2007 14:40

Wow no stock here as well, after that statement i think this shareprice
might go a bit as well.

4.37p bid for 150k v 4.75p offer for just 10k.

[shammytime] 02/11/2007 13:23

Brilliant update - this is for a sharp rise over the next week.

[tornadodown] 02/11/2007 13:07

Starting to move already and why not.Super, undervalued company that is delivering the goods. I am now very excited about the potential here.

[tornadodown] 02/11/2007 12:57

That is a pretty good update if I do say so myself.Looking forward to the next few days as this news circulates through the market.

[8trader] 02/11/2007 12:33

AGM STATEMENT


At today's Annual General Meeting of betinternet, all of the tabled resolutions
were duly passed and the Chairman, Mr Denham Eke, made the following statement
regarding the Company's current trading position:

"The Company has continued to trade according to expectations during the first
quarter of the new financial year, with good revenues being achieved through the
casinos and fixed-odds games on the sportsbook platform, during a period when
football content was reduced.

Within the last week, the sportsbook has undertaken a substantial upgrade which
has enhanced the opportunities for our customers, with the introduction of
Starting Price betting to complement our existing UK and Irish horseracing
product, which we plan to start marketing within the next two weeks. We have
also added to our football offering with the introduction of Asian Handicap
multiple bets and made improvements to the betting slip and internal liability
management systems, as well as allowing for a better allocation and tracking of
promotional bets. I anticipate that these enhancements will increase the appeal
of our website and have a positive effect on the revenues achieved by the
sportsbook operation in the forthcoming months.

The board intends to continue to seek a strategic acquisition for our sportsbook
operation and this will remain an area of focus for the forthcoming year, but
not to the detriment of driving organic growth of our existing sportsbook
business.

European Wagering Services (EWS) has now secured a robust payment solution,
which is already assisting with the reactivating of accounts from those
customers who were unable to deposit following our recently documented banking
issues. The impact of these issues on the operation has been limited, due to the
nature of pari-mutuel betting and the composition of EWS' customer base and I
now expect that we will see a return to previous levels of revenue and
anticipate further growth thereafter.

Following today's shareholder approval, the board intends to change the name of
the Company to Webis Holdings plc, to more accurately reflect its role in the
group. It subsequently intends to re-organise the betinternet.com sportsbook
portal and the EWS pari-mutuel businesses, subject to regulatory approval. The
operations and trading names of both businesses will be unaffected by this
change.

The company anticipates announcing its interim results for the 26 weeks to 25
November 2007 in February 2008."

[tornadodown] 02/11/2007 10:21

Don't we usually move up on a Friday?

[run rabbit] 01/11/2007 21:34

If the market values these as cheap then they will be happy to accumulate as many as they can.Thats how they make such good returns.

[love it] 01/11/2007 14:05

3 bid 2 offer and i can not get quotes over 10k shares. Seems they dont ant buyers.

A little buying would do the trick.

[8trader] 31/10/2007 15:23

Could well be a rollover.

Stubborn mm's refusing to budge but it's almost ready to move, buyers
will probably chase it up when it goes 5p offer.

2 mm's have switched from offer to bid recently so it's getting there
slowly but surely.

[guidfarr] 31/10/2007 14:34

what is this huge volume of today 1,633,000 ?????

[tornadodown] 31/10/2007 09:19

Having been here a while love it this will move on relatively light volume.I am expecting a controlled rise back to the 7p+ level from here offering a good return to your investment.

[love it] 31/10/2007 08:49

Slow and steady seems to be the order of the day. That last trade 33k took out another mm 3 bid 2 offer now.

[love it] 30/10/2007 10:39

Oh that's nice was 1 bid 4 offer yesterday now 2 bid 3 offer. Sector n recovery looks like just a matter of time.

[8trader] 30/10/2007 09:51

4.35-4.5p online 150k v 50k.

[shammytime] 30/10/2007 08:21

Morning all.

I expect another small tickup today. The gaming sector is enjoying a nice boost at the moment.