Betfair Grp Share Discussion Threads

[billytkid2] 15/12/2010 08:18

Bought this today.

[moab47] 14/12/2010 23:37

What happened at this casino promotion, why all the bad press/talk?

[midasmonkey] 14/12/2010 20:51

Oh well. Another long term hold....sigh.... :-(

[e-venturer] 14/12/2010 17:40

Betfair did have first mover advantage but it seems to either moved closer to traditional bookmakers or vice versa. The unique markets betfair had are no longer unique.

If betdaq put a real surge in in could eat into betfair's market share. The key is liquidity and betfair can't seem to halt the decline in it. They will soon run out new markets and then where will future profits come from.

Still think they are overvalued but would expect a small rebound tomorrow. My target would be lower than 750p and perhaps even below 500p

[redips2] 14/12/2010 17:27

No idea--fade--too soon to say---ocado may be a guide.

[fadeaway] 14/12/2010 17:22

Target prices anyone?

[redips2] 14/12/2010 17:16

midas---been yapping about these since the issue as i great buy, i think brownie has the measure of it---i will watch and wait, bit cheap at 1p though vision---LOL

[vision88] 14/12/2010 12:20

probably worth 1p

[midasmonkey] 14/12/2010 10:37

Great value long term at these prices IMHO.

[grigor] 11/12/2010 17:49

I use Betfair far less since they introduced Premium charges.

Unfortunately, Betdaq and their other competitors are pathetic.

A determined competitor, say one of the big bookmakers, could take away a lot of their custom.

[envirovision] 10/12/2010 19:04

Nothing it seems that Betfair can say in its first ever results on Tuesday could end the controversy over its valuation. Weeks after a high-profile FT250 listing, the shares in the group are trading below their GBP13 offer price. Analysts value the business at anywhere between GBP4.45 and GBP16 a share. More over four out of five independent brokers rate the shares a SELL. Morgan Stanley, now warns that the price does not reflect risks and recommends that investors sell and wait for a better entry point.

The success of the IPO was never in much doubt. Once Betfair had persuaded the U.K. Listing Authority to classify its 600 minority investors as part of the free float, it was able to get away with selling just 15% of the shares in the IPO, creating a supply squeeze, while also ensuring Betfair was eligible for FTSE 250 inclusion, guaranteeing healthy post-IPO demand from index funds.

But now that the squeeze is over, a more realistic valuation debate is now underway. Investec, which set a GBP4.45 price target, reckons Betfair should be valued at around 12 times forecast 2012 earnings, in line with its gambling peers. At the other extreme, Numis Securities reckons it is worth closer to 26 times 2012 earnings. That would value it in line with a basket of Internet stocks such as Google, eBay and Amazon.com.

However unlike most Internet stocks, Betfair faces huge regulatory challenges. Its core U.K. betting exchange business is maturing, with average revenue per user declining. Betfair's lofty valuation, therefore, relies on expectations of rapid growth in Europe. But key markets such as Germany, Spain and Greece are all currently reviewing their online gambling regulation. That should lead to new restrictions on online exchanges and the introduction of new taxes.

Experience suggests these risks are real. Just look at all those burnt investors from the gold rush foray of the online poker and casino offerings from the last decade. Betfair's Australian joint venture is loss-making after four years, largely due to federal restrictions on online exchange and turnover taxes in New South Wales. France also recently introduced an 8.8% betting turnover tax. Even if other countries levied a less onerous tax of 20% of gross profits on Betfair's international operations--which are largely untaxed today--it would cut 2011 earnings by 25%, estimates Morgan Stanley. No wonder the broker advises waiting for a better entry point.

[e-venturer] 09/12/2010 21:57

The problem is players did risk their own money and when betfair lost and didn't like it they just took the money back. even from people's bank accounts. it just not proper conduct. it also loses customers and gives the impressions that under no circumstances will players ever win.

They have a unique position they their field but this smells of complete arrogance. When that attitude sets in then your heading for a fall.

[midasmonkey] 08/12/2010 12:14

You have to admit the players were not playing in the spirit of the bonus but trying to grab as much of the bonus money as possible.
A great company with a unique position in their chosen field IMHO and a great buy at these prices.

[yopooni] 08/12/2010 09:00

Betfair now categorised as a rogue operator at one of the major casino review sites.
Unbelievable debacle.

[e-venturer] 03/12/2010 12:15

amazing but not surprising. I can see from the forum that so many customers no longer trust betfair. In the end they should have just accepted the loss and moved on. I'm just surprised it hasn't been in the media yet. Perhaps they are waiting for betfair's final decision.

[wjccghcc] 01/12/2010 11:52

Brilliant :-)

[raspberrypicker] 01/12/2010 10:48

yopoondi

I followed your link to thos:

hilarious

[zapa] 01/12/2010 10:46

WJCCGHCC

perhaps the directors will be buying....lol.

[e-venturer] 29/11/2010 23:22

Interesting. I would expect legal action from those affected but what is more crucial is another massive blow to betfair's reputation.

[yopooni] 27/11/2010 23:59

It's a sorry tale:

[e-venturer] 26/11/2010 15:13

Personally I think it's over valued. The founders floated it at the right.