Betfair Grp Share Discussion Threads

[recto verso] 24/5/2007 12:13

Looks like Banks and Gardener have sold out to these guys.

Cant understand why B & G would sell immediately prior to year end ? May be read as negative, although I read them buying as positive and expected the share price to go north.

Perhaps they are just as clueless as the rest of us lol.

RV

[tornadodown] 24/5/2007 12:04

Buyers and sellers

Betinternet.Com Holding(s) in Company


rRNS Number:1731X
betinternet.com PLC
24 May 2007


Announcement 24 May 2007



betinternet.com plc

("the Company")


Disclosure of interest in shares


The Company yesterday received notification that Rock Holdings Limited holds a
notifiable interest in the Ordinary Shares of the Company. The holding of
8,228,357 Ordinary Shares represents approximately 4.18% of the issued ordinary
share capital of the Company.

The Company also received notification yesterday that Arron Banks and Paul Chase
Gardener no longer hold notifiable interests in the Company.


- Ends -



For further information:


betinternet.com plc
Garry Knowles, Managing Director Tel: [phone]

Evolution Securities Limited
Joanne Lake

[tornadodown] 24/5/2007 11:23

GT that is a very interesting piece of news and could open up a variety of possibilities for BET in the future.

[guythomas] 24/5/2007 00:38

US Concedes Defeat in WTO Online Gambling Case with Antigua

Antigua gains support from EU, Brazil and India delegations in online gambling WTO case between Antigua and USA: Claims filed against the US for withdrawal of commitment could run to many billions of dollars

At a meeting of the World Trade Organization held today, the United States conceded defeat in its long-running battle with the small Caribbean nation of Antigua and Barbuda and announced it would not be appealing the most recent adverse decision rendered by a WTO dispute panel.
As expected, however, the United States announced that it had initiated action to withdraw its treaty obligations with respect to gambling and betting services in an attempt to preclude Antigua and other nations from capitalizing on the WTO decisions in favour of Antigua.

In a statement delivered to the WTO membership today, Antigua's Ambassador to the WTO, Dr John W. Ashe, stated that this tactic was not going to work and that Antigua would press on with its remedies at the WTO: "There is something clearly wrong with the concept that after a long, difficult struggle covering years of dispute resolution at the WTO an offending member could ultimately avoid the consequences of its loss by withdrawing the commitment that gave rise to the claim in the first place. As far as we are concerned, our dispute has been resolved and the United States remains obligated to comply," said Dr Ashe.

At the meeting, the delegation of Brazil declared its unequivocal support of the Antiguan position, making clear that the actions of the United States in the case threaten the integrity of the entire dispute resolution system, particularly with respect to small and developing countries. India expressed similar concerns while the European Union noted its disappointment that the United States had failed to engage Antigua and other concerned countries over a reasoned approach to the provision of these services.

The US action to withdraw its commitment now leaves it open to claims for damages from all WTO members who may consider themselves adversely affected by the withdrawal. Under WTO procedures, any member can file a claim, all of which must either be resolved by agreement or arbitrated before the United States can actually withdraw the commitment. These claims could potentially run into many billions of dollars of trade concessions that US trading partners could impose against the United States in virtually any sector, a result that could see US producers of goods and services having nothing at all to do with gaming facing large trade barriers from American trading partners such as the European Union.

"While we will not know until the filing deadline in mid-June," said Mark Mendel, Antigua's legal advisor in the case. "We have heard rumblings that substantial trading partners such as the EU are seriously considering filing claims for compensatory adjustments. The potential adverse impact upon completely unrelated American business interests could be massive."

In his presentation to the WTO today, Dr Ashe expressed his particular disappointment that the United States had not seen fit to negotiate with the Antiguan government over any compromise, despite Antigua's belief that a compromise was possible. "In a system that is replete with references to good faith, fair dealing and cooperative resolution of disagreements, it is the failure of the United States to engage with Antigua that is most troubling," said Dr Ashe. "We are unable to understand why there was no effort to find some middle ground. We ourselves were and remain ready to find a fair and reasonable solution. But we need the other side to show up to do so

[tornadodown] 23/5/2007 23:48

It was good to see the buyers back in control today.First look indicated that there were still a few sellers left but as the day progressed the buyers came back.The charts actually now look quite bullish with all the indicators turning positive...


free stock charts from www.advfn.com


If the trend continues then we could be looking at a good gain in the share price over the coming months.As has been mentioned other gaming stocks have recovered but BET is still waiting to benefit from the turnaround.

[tornadodown] 23/5/2007 18:54

Update rolling from 14/05

14/05 - 130K Buys/0K Sells
15/05 - 120K Buys/0K Sells
16/05 - 000K Buys/2K Sells
17/05 - 50K Buys/0K Sells
18/05 - No trades
21/05 - 251K Buys/0K sells inc 100K MM trade
22/05 - 134K Buys/0K sells
23/05 - 206K buys/57K sells inc one B trade (40K rollover not inc)

[run rabbit] 23/5/2007 14:48

Nice bit of two way trade today.

[pjetr] 23/5/2007 11:05

Bo Doodak thanks for that

[run rabbit] 22/5/2007 22:46

Thank you for the update TD.Nice to see the volumes increasing and the move in price.The last trade of 77K had to pay the full asking price as well so could be an interesting day ahead if we continue to see further activity.

This sector could very easily be bouyed by M & A news so quite happy to sit on the few which i have bought and add further along the way.

[tornadodown] 22/5/2007 20:02

Update rolling from 14/05

14/05 - 130K Buys/0K Sells
15/05 - 120K Buys/0K Sells
16/05 - 000K Buys/2K Sells
17/05 - 50K Buys/0K Sells
18/05 - No trades
21/05 - 251K Buys/0K sells inc 100K MM trade
22/05 - 134K Buys/0K sells

[bo doodak] 22/5/2007 17:34

Pejtr,
Just general lack of interest in my view causing the drift down lately and no news for 3 months, I believe they have been taking steps to cut costs and we are close to the tipping point in terms of profitability.
I take comfort that the largest shareholder Burnbrae (50%)has showed unwaivering support and as far as I'm aware has not sold a single share, and are content to continue to increase their %. Small free float.
Do a bit or research on Jim Mellon - he's no mug.
Last cash raised was a piddling £300,000 which indicates how close we are.


Sea7,
Thanks for the link, very positive showing their now addressing a major gap in their offerings. Could be trialing this to judge how much these new poker customers will start use our existing products as well.

[pjetr] 22/5/2007 13:29

anybody any views on why the share price is down so much the past months --- while other gaming stocks have recovered?

will BET need cash again in x months?

[sea7] 22/5/2007 09:43

hello td, nice new bb,

I have been a holder of bet for some months, im looking forward to an update as im sure this will be of a positive nature, which will reflect in the share price This business, after moving in to profitability (at ebitda level) took a bit of a hit in its sp, however, this i find, is usually the case when a company reports first profits as it tends to make the shares look expensive. When the next update comes out (year end) i expect to see improvement on margins etc.

If you follow this link...



you will find a write up on bet.

An interesting excerpt from it is:-

New! - Betinternet Gaming

Fancy a game of Texas Hold'em or Omaha Hi? Try your luck at the tables by visiting the all new Betinternetpoker site in association with Pacific Poker.

Pacific poker is an 888.com product as far as i am aware.

any one got any comments on this?

[recto verso] 22/5/2007 07:59

(AFX UK Focus) 2007-05-22 07:57 GMT:
BWIN to seek approval for over 500 mln eur capital increase - report

Article layout: raw
VIENNA (Thomson Financial) - BWIN Interactive Entertainment AG will seek shareholder approval for a capital increase of up to 16.3 mln new shares, raising over 500 mln eur, at its annual general meeting later today.

According to a report in the Austrian online news service Boerse Express, BWIN will use the capital increase to finance the acquisition of UK-based competitor Sportingbet and other future acquisitions.

[e-mail] ff/jlc

[recto verso] 22/5/2007 07:56

Paddypower are very good at marketing. Maybe because they have the cash and a diverse product offering.

BET may now have the cash following the cost-saving and increased revenues. Hopefully their marketing will now improve. They need to get multi-player games ontheir sports book/ casino site e.g. poker, mahjong etc

Could grow very quickly, providing management get a move on !

RV

[guythomas] 22/5/2007 07:28

good news from paddypower..
Our expansion into new businesses continues and we anticiate launching
paddypowertrader.com, an online financial spread betting business, during the
summer. Paddy Power Trader will market spread betting opportunities on equities,
commodities and indices with a differentiating emphasis on education, value and,
of course, entertainment.

Given the substantial ongoing investment to exploit growth opportunities in both
our retail and non retail divisions, the Group remains confident about its
future growth prospects. With the benefit of the favourable sporting results in
the first 20 weeks, the Group now expects operating profit of approximately Euro58m
in 2007, assuming those sporting results are not offset by an unfavourable run
over the remainder of the year, and continued turnover growth in line with our
expectations. This result would represent underlying operating profit growth
compared to 2006 of approximately 27% or 8% above the current consensus market
forecast."

[pjetr] 22/5/2007 07:26

I'm new to this one.

The insider buys make this look interesting... but I have some questions... if anybody could shed some light on these --

- what's the matter with margins? If I look at eg LNG (Betshop), I see operating margins that are signicantly higher. What has BET been doing? Are they just a dog?
Is there any real potential for improvement here?

- continuing losses have led to several capital increases. does anybody have any idea on cash flows in the future... more specifically: shall we see another share issue one of these days?

- share price has shot up and then went down several times the past years. where's the volatility coming from?

thanks

[tornadodown] 18/5/2007 20:56

Update rolling from 14/05

14/05 - 130K Buys/0K Sells
15/05 - 120K Buys/0K Sells
16/05 - 000K Buys/2K Sells
17/05 - 50K Buys/0K Sells
18/05 - No trades

[tornadodown] 18/5/2007 20:56

Bo thanks for the explanation does make an interesting read. Guy not a purchaser of Shares what did it say?

[guythomas] 18/5/2007 19:47

shares mag...check it out and enjoy..2 page article

[tornadodown] 18/5/2007 15:58

Hi Bo can you please explain what you mean.Thanks.

[bo doodak] 18/5/2007 15:49

Look at the links between the two individuals who recently bought in notifiable amounts and the board. I liked BET before but that clinched it for me. After a suitably respectable interval passes I think this will fly.

[tornadodown] 18/5/2007 15:44

Quiet day today although the markets racing ahead.Have a good weekend all.