Betfair Grp Share Discussion Threads

[e-venturer] 18/1/2011 19:44

Ok what is Betfair? Is a bookmaker or technology company? If it is a bookmaker then it's well overvalued. If it is a technology company. How much is making or how widely used is it's software?

[wjccghcc] 18/1/2011 13:15

Thanks. I'm one of the original shareholders and the report on the poker performance has been disappointing pretty much every AGM I've been to. I think they may have finally realised it was taking up too much management time and so outsourced it to the ongame network but it clearly still has hiccups.

[jimmy321] 18/1/2011 12:58

OK diden't know that, not invested here, just thought I'd let you know.

[wjccghcc] 18/1/2011 12:56

Jimmy, the casino and poker are immaterial regarding the value and profitability of the company. It's the sporting exchange and its future potential/spinoffs which make up 99% of any broker's valuation.

They've had trouble with poker pretty much since they started doing it more than 5 years ago. The only reason they persevere is to try and provide a one-stop shop for all their clients' gaming needs. I kind of wish they'd just focus on what they're good at i.e. the exchange.

[wjccghcc] 17/1/2011 14:59

Well I've bought back a chunk of those I sold at 11 quid. I think the market was surprised by how volatile the business is quarter to quarter but it's always been that way.

[midasmonkey] 17/1/2011 14:24

Yep I think the smarter shorters have already cashed in and moved on.

[rochdae] 17/1/2011 12:34

Thanks Grizzly,

Looking good today. A bit more and those shorts will run for the hills ....

Roch

[grizzly bare] 17/1/2011 12:14

Well Roch here's a bit of help.

[grizzly bare] 15/1/2011 15:15

Well closed 322.5p a wee bit down.

But I still don't like the look of it.

My Monopoly money short at 332p remains open.

I think the knife is still falling!!

Nothing to indicate we have hit the bottom yet.

I still hope Roch that I am wrong.

[rochdae] 14/1/2011 11:42

But now moving counter-trend to a poor market. Quite bullish :)

[grizzly bare] 13/1/2011 10:46

If I'm right I hope it's just a slap of the wrist you get and not the whole hand cut off!

....I hope I'm wrong!

Now 915p as I type.

Early days.

Grizzly.

[rochdae] 12/1/2011 17:23

Grizzly,

I think you've got a chance of being right. But so have I. All part of the fun. But if I'm wrong I'm ooooutt with a slap on the wrist :)

[grizzly bare] 12/1/2011 17:20

Well good luck Roch.

But I've lost too many fingers in the past following the same logic you have outlined when trying to catch the falling knife, only for it to defy all logic and keep falling. I dont do it any more!

We'll see, but I hope you are right because I dont have a financial position on this one, so it doesn't effect me financially whatever happens.

For a bit of fun, with monopoly money, I would have shorted today at 932p when I posted 130. We'll see what happens.

Grizzly

[rochdae] 12/1/2011 16:47

Grizzly,

I agree there is no evidence, but there again if each upturn was a sign of further falls the market would be predictable and we would all make a fortune. Essentially, this is an excellent model and a good company in an unloved sector. But there again, we're in one hell of a bull market and this has fallen too far. So the odds are for a long at this point. In the end, we're all doing the BET model ....

Until tomorrow.

Roch

[grizzly bare] 12/1/2011 09:34

Well dared Roch, but be careful. No evidence that this knife has stopped falling.

The falling knife will always produce regular bounces as it falls (look at the classic graph here ....4 bounces so far) and if you can time them in and out then it's very nice. But it still keeps falling.

But the danger is in thinking the knife has reached bottom and stopped falling before it really has, and that the only way is up. There is no evidence of that having happened yet.

Beware! Proceed with caution I'd say.

932p as I type.

[grizzly bare] 08/1/2011 14:06

This is a falling knife ....catch it if you dare.

[rochdae] 07/1/2011 21:17

Started to pick up a few of these. In the end sellers run out of selling.

Roch

[midasmonkey] 07/1/2011 20:47

There will be one hell of a bounce soon, dont get greedy with the shorts.

[lennonsalive] 06/1/2011 17:40

Awful chart, like the right side of Mount Everest

[montyhedge] 06/1/2011 16:06

Try to float as a tech stock with a high valuation, lol, don't know many tech companies effected by racing being abandoned.