Betfair Grp Share Discussion Threads

[freddie01] 30/8/2011 20:28

Betfair Group plc (the "Company") announces that in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 6th October 2010 it purchased 40,000 of its Ordinary shares of 0.1 pence each ("shares") on 30th August 2011 for cancellation.



The average price paid per share was 601.14 pence per share.

The highest price paid per share was 605 pence per share.

The lowest price paid per share was 596.5 pence per share.



To date 1,573,749 shares have been repurchased under this authority.



Following the above transaction the Company has 106,606,465 shares in issue. This number represents the total voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Services Authority's Disclosure and Transparency Rules.

[e-venturer] 30/8/2011 15:41

about £9m worth bought back so far

[verngate] 30/8/2011 10:16

The company said it planned to buy back 50 million shares - Does anyone know how many they have purchased to date.

Thanks

[brownie69] 05/8/2011 16:14

They are not a tech company, they are a gaming operator, however for some bizarre reason they refuse to acknowledge that.
I'd have thought in view of the frequency that their technology crashes they might want to say they are an operator.(look out tomorrow between 2 and 3pm as last minute football punters try to get on)
Shockingly run by career management, Premium charges to sucessful punters are driving the liquidity to Betdaq, not honouring promotions, freezing customer accounts, penalising winners, its goes on and on.

Still a short IMO, once the buy back runs out of steam this will be under £4 IMHO.

[ramas] 02/8/2011 10:49

the fact that they are buying back shares tells me clearly the management have no idea themselves of their own value - its quie hilarious. If I offered them £100k for £200k they would think I'm mad but its almost what they are doing (caveat - unless they do grow the business massively and organically)

[hedgebetter] 30/7/2011 09:36

Hehe. Flush.Toilet. There is much better (excuse the pun) out there.

[space cadet 32b] 27/7/2011 17:04

I hate to agree with montysledge, as he's invariably wrong, but I think he's right here.

Their poker site is pants.

[montyhedge] 27/7/2011 16:59

Lol tried to float company as tech, but must be the only tech company affected by snow and Sandown races called off.

[montyhedge] 27/7/2011 16:58

375p here we come.

[hedgebetter] 24/7/2011 15:42

Goldman Sachs were doing 'god's work' in this IPO as well... ;-)

[e-venturer] 15/7/2011 18:40

Lots of sellers. I don't see any up side. Talk about getting the timing right for the owners to get the most amount of money possible. Interesting that they are buying the shares back. It makes me think they want to take the company private again and then launch another IPO!!!!!!

[kristini2] 15/7/2011 15:45

ramas
yes, but plenty of demand should be pushing the price up? Must be massive amount of willing sellers about

[ramas] 15/7/2011 15:09

Kristini2 - heres why - buying ~£1 for £2 - buybacks only work when there is value

[e-venturer] 15/7/2011 12:03

The forthcoming need to have a uk gambling license. The doubts around european countries and even the usa. They need new markets but are running out of options. They have already bought back £5m pounds worth and I would suggest more will be bought today.

no doubt their market share is being eroded. Ithought £5 was fair but now that may even be too much

[kristini2] 15/7/2011 11:46

anyone; how is the price falling when there is a £50m share purchase plan running?

[bonio10000] 15/7/2011 11:39

Don't blame the board, blame the IPO purchasers.

Would be gutting though to get your shares bought back at 50% of the listing price within 8 months.

The issue though, as always, is moving forward where is there value for new investors?

[kristini2] 15/7/2011 11:27

the common theme is key people releasing large stakes in the business, maybe the IPO is the exit strategy for the key people.

next one to look at is groupon, the mainman has a track record of IPOs that fall short post listing

[jpjp100] 15/7/2011 09:49

it wouldn't be the first time that an IPO had been, shall we say, excitedly priced...

Lastminute

Sports Direct - that was 300p and the shares drifted down to about 32p in 18 months before bouncing. Still now, 4 years on, the share price has not got back to the IPO level

[ramas] 15/7/2011 08:38

one of the best adverts NOT to participate in IPOs - frankly im disgusted it got away at £13 - YES £13 !!!!!!! outrageous and will probably have a lasting impact for LSE. If they are buying back shares at £6 level this also confirms the lunatics have taken over the asylum - buybacks only work when there is value - this looks like a pathetic attempt to boost EPS using OPM (thats you if you were an IPO investor). Dont get me wrong i love using Betfair but I think competition will slowly kill the pie in sky growth plans. I reckon this is heading to £3 but now is probably not a good time to open a short but im watching

[e-venturer] 13/7/2011 11:53

they have already spent £2m so only another £48m to go. Ultimately their reputation has been damaged that they won't be able to raise money from the markets in the short to medium term.

Watching the exchanges the last few days there is no doubt any more that betdaq is leading the uk horse racing section. All they need to do is push the tennis and football markets.

[25babies] 12/7/2011 17:46

Starting to buy back shares yesterday and today - hence the jump against the trend. Will this have set the floor around 650p?

[grizzly bare] 11/7/2011 13:49

Still a fallin knife .....catch it if you dare.

[e-venturer] 11/7/2011 11:00

It was in the paper yesterday betdaq's new customers are up 40% so far this year. It also reported people phoning them asking if they would increase their commission in future. The next couple of weeks will be interesting.