Betfair Grp Share Discussion Threads

[peterlowen] 18/6/2007 22:12

Interesing site.....




Watching and ready to jump on board.

[bo doodak] 18/6/2007 16:22

What a depressing graph

[run rabbit] 15/6/2007 16:09

Thats correct but hopefully it indicates the sellers have finished and this can now move forward.If you look at the figures this does seem very undervalued.

[roosterhead56] 14/6/2007 15:59

aye the only bit of activity recently was the offer went up to 6p for no reason.

[run rabbit] 14/6/2007 14:15

Cheers TD blimmin quiet in here isn't it.

[tornadodown] 11/6/2007 22:42

Sea thanks for the link which has been incorporated into the header now so people can track progress.Very busy on this side so little time to post but if anything else is wanted in the header please let me know.

[run rabbit] 11/6/2007 17:42

Interesting post sea7 maybe TD can add to the header for reference later.

[sea7] 08/6/2007 22:40

this site shows betinternets rankings against other sites in
different categories and some other info

[recto verso] 08/6/2007 16:12

RR,

Does BET get a mention ?

[run rabbit] 08/6/2007 15:12

IC running a big article telling everyone to buy gaming stocks today.

[tornadodown] 08/6/2007 00:19

Superb update with more potential on the horizon. I notice we have been profitable at EBITDA level for the whole year and results will show how close to profitability we actually are.

LONDON (Thomson Financial) - Betinternet.com PLC said it has achieved
profitability at EBITDA level for the full year despite a challenging time for
the gaming industry.
The on-line gaming group said its European Wagering Services (EWS) has
continued to progress well and has a growing customer base.
However, it said withdrawal of Neteller's services from the US gaming market
hurt operations in January and February, while alternative payment solutions
were sought.
Its sportsbook continues to benefit from the new website portal and the two
casinos and fixed-odds games remain very popular. As a part of the sportsbook
enhancement, the company plans to offer betting on UK horseracing within the
next two months.
It is still seeking business partners to launch its white-label services
which it was unable to advance in Russia due to the legislative changes.
Managing director Garry Knowles said the company is continuing to make good
progress and sees further improvement in the forthcoming year due to the changes
introduced during the period along with development of both the sportsbook and
EWS websites.

[run rabbit] 07/6/2007 21:11

Thats a nice bonus to come home too. Looks pretty damn promising to me and now I think we could turn a profit pretty soon.

[bo doodak] 07/6/2007 17:47

Quite a reasonable update overall, still got positive expectations but I think this is turning more longterm than I'd hoped. Note the late release time, not usually a good sign.

Note its still just the board that believes its compliant with the Act, ie. even after many months they still have not been able to get official confirmation of this
I know the wheels of gvt grind slowly but I do find this quite worrying.
And although they've got other payment providers, the fact the company is keen to get a ruling on this suggests to me the impact of Neteller's withdrawal is still being felt.
Interestingly though it says on the website -
'US CUSTOMERS PLEASE NOTE: Neteller has suspended all deposits from US customers to gambling websites. As we are a Pari-mutuel website the depositing of money to our website is entirely legal. We are in negotiations with Neteller to allow this''
I wonder how realistic and ongoing these discussions can be until the US gvt clarifies its position.

We need to get past EBITDA before we'll see much progress IMHO

[roosterhead56] 07/6/2007 16:15

Looks Good
Betinternet.Com Trading Statement

RNS Number:9945X
betinternet.com PLC
07 June 2007


FOR IMMEDIATE RELEASE
7 June 2007


BETINTERNET.COM PLC
('the Company' or 'betinternet.com')
Trading Update

The Board of betinternet.com plc ("betinternet.com"), the global on-line gaming
group, is pleased to provide a trading update in relation to the Company's
unaudited results for its financial year ended 27 May 2007.

The Company has achieved profitability at an EBITDA level for the full year.
This represents an overall improvement in performance and shows a considerable
advance on the previous year.

The Company's pari-mutuel operation, European Wagering Services (EWS) has
continued to progress well and has a growing customer base utilising various
technologies to place wagers through its Isle of Man based hub, directly into
race-track betting pools. The withdrawal of Neteller's services from the United
States gaming market had an adverse impact on the operation in January and
February of this year, whilst alternative payment solutions were sought. In
light of this, the board is keen to discover the United States Treasury's
proposals for the enforcement of the United States Unlawful Internet Gaming
Enforcement Act (UIGEA) and how it intends to protect legal operations, such as
EWS, from being disadvantaged.

The sportsbook continues to benefit from the new website portal, launched in
June 2006, which has been regularly updated to reflect the specific requirements
of betinternet's customer base, the majority of which remains based in the Far
East. As a result of a number of enhancements to internal management systems,
the amount of football leagues and markets that are offered, especially Asian
Handicaps, has greatly increased and the Company's traders are now considerably
better-placed to manage the risk of this increased offering.

The two casinos and fixed-odds games remain very popular and account for just
over half of the sportsbook's overall Gross Margin.

The second half of the year has presented some challenges as the Company has
dealt with issues following the introduction of the UIGEA. Although the board
believes that the Company remains fully compliant with this Act, the banks and
other service providers have taken a risk-averse stance and this has had a
greater effect on our business than previously anticipated.

As part of the sportsbook enhancement process and to widen its appeal within the
British Isles, the Company intends to offer betting on UK horseracing within the
next two months. Initially, this will be a soft-launch, but it is expected that
a full service will be offered shortly thereafter and that marketing activity
will increase at this time.

The Company intends to further develop its pari-mutuel website,
www.link2bet.com, to provide for a much improved user experience with enhanced
features to take advantage of the restrictions on fixed-odds betting brought
about by the UIGEA. This will be in addition to seeking more content for both
thoroughbred and greyhound racing.

Due to legislative changes in the proposed launch country (Russia), we have been
unable to advance our white-label service, although this offering is now fully
developed and we will continue to seek appropriate business partners.

As previously announced, the Company will continue to seek complementary
acquisitions and is currently pursuing potential opportunities.

Managing Director, Garry Knowles, said "I am pleased that we have been able to
achieve an EBITDA profit for the full year, despite it being a challenging time
for the gaming industry. We continue to make good progress and I fully expect
that the changes that the Company has introduced during this period, combined
with the continual customer-focused development of both the sportsbook and
pari-mutuel websites, will see the Company make further improvement in the
forthcoming year."

[roosterhead56] 07/6/2007 16:12

Good trading update hopefully the price will think so

[run rabbit] 07/6/2007 15:35

Online prices have moved higher yet again today.

[run rabbit] 06/6/2007 23:48

The thing is SBT has recovered some what where BET hasn't however if we produce similar growth to what has been shown with SBT then this will trade much higher shortly.

[recto verso] 06/6/2007 07:56

Check out SBT Q3 results !!

[recto verso] 05/6/2007 17:56

Guess - trading statement on the 12th last year. Follows Year end.

Lets hope we get new developments, as well as continued growth.

[run rabbit] 05/6/2007 13:49

Is that a guess or a fact Recto?

[guythomas] 05/6/2007 11:36

about time i say

[recto verso] 05/6/2007 11:34

Should get an update next week.

[tornadodown] 04/6/2007 22:26

free stock charts from www.advfn.com


If I look at the 3 month chart I would say that a double bottom is confirmed. If the stock bounces from here the 5.75 level becomes support.

[tornadodown] 04/6/2007 17:57

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)
24/05 - 000K Buys/47K sells
25/05 - 69K Buys/26.7K sells
29/05 - 85K Buys/177.5K sells
30/05 - No trades
31/05 - 003K Buys/0K sells
01/06 - 011K Buys/0K sells
04/05 - 050K Buys/20K sells

[roosterhead56] 04/6/2007 13:49

what do the chartists say "double bottom forming"