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SBT Sportingbet

54.50
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Sportingbet Investors - SBT

Sportingbet Investors - SBT

Share Name Share Symbol Market Stock Type
Sportingbet SBT London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 54.50 01:00:00
Open Price Low Price High Price Close Price Previous Close
54.50 54.50
more quote information »

Top Investor Posts

Top Posts
Posted at 12/2/2013 11:42 by pyueck
Yep

7.65
Where the new investments are not qualifying investments, managers must, within 30 calendar days of the date on which they became non-qualifying investments, either

sell them (in which case the proceeds can remain in the stocks and shares ISA), or
 transfer them to the investor to be held outside the ISA.

However iii doesn't even allow you to hold them at all, so suppose depends on broker...
Posted at 21/1/2013 18:11 by mylands
Not certain GVC will be re-listed on Wednesday as I believe there has to be a period (24hrs?) for investors to be able to read the prospectus and then the re-listing takes place.

So, I think with the prospectus being issued on Wednesday, the shares would be re-listed on Thursday or, Friday at the latest.
Posted at 09/1/2013 21:02 by festario
Aleks, you can rule out the possibility of a Vote Down.
In the detail of the RNS, you can see that WMH/GVC have worked very hard to ensure that they have a lot of large investors in favour of the deal.
Also, the SBT board are motivated to agree, with large exit bonuses.
Posted at 08/1/2013 14:36 by festario
The Direct question I asked of GVC Investor Relations was...
'when will GVC shares be re-listed and re-commence trading'
The direct answer I received back (via email) was, trading will resume on issuance of the Admission Document, which is included with the Prospectus Pack,,, and SHOULD be issued on 15th January.

T34, perhaps you should contact GVC investor relations yourself if you dispute this?
Posted at 01/1/2013 20:40 by cue ball
festario, my opinion of sites that deal in unregulated markets is known. good luck to all gvc/sbt holders, small investors like us deserve to succeed.
Posted at 19/12/2012 21:38 by gotnorolex
By Nathalie Thomas
6:52PM GMT 19 Dec 2012
Sportingbet is expected to announce as early as Friday that it has accepted a £485m takeover approach from its bigger rival William Hill and GVC Holdings.
Andrew McIver, Sportingbet's chief executive, and its finance director, Jim Wilkinson, will walk away from the group with two years' worth of salary, bonuses, pension payments and other benefits if they leave as expected following the acquisition.
The bumper two-year pay-offs contravene the UK corporate governance code and attracted the ire of shareholder group Pirc.
At Sportingbet's annual meeting on Wednesday, 21.7pc of votes were cast against the company's remuneration report. It was the second time Sportingbet had courted controversy over executive pay and 13.9pc of investors voted against its remuneration report at 2011's annual meeting.
Mr McIver, 49, who has been chief executive of Sportingbet since 2006, could walk away with a severance package worth up to £2.4m if a maximum bonus is approved.
The betting boss also holds more than 3m Sportingbet shares, meaning he stands to bank more than £1.7m in cash and shares if William Hill's latest offer is accepted.
The three parties have until Friday to agree a deal.
William Hill and GVC recently reduced their offer to 56.1p from 61.1p a share following weaker than expected quarterly results from Sportingbet. The majority of Sportingbet shareholders are expected to receive about 50.4p a share in cash, while the remainder will be paid in GVC shares.
Posted at 18/12/2012 09:18 by brownie69
Cue Ball,

What are you on about? DD is completed and that led to the revised (lower) offer.

Are you seriously suggesting that SBT mislead investors in the trading update when they described November as a good recovery month?

I reckon your short of SBT and hurting in the same way as when you got your fingers burnt by shorting GVC when you predicted 65p only to watch it soar away.
Posted at 15/12/2012 17:48 by gotnorolex
Hello phil150...The Regulatory News Service (RNS) of the London Stock Exchange (LSE)
RNS is a regulatory and financial communications channel for companies to communicate with professional investors. Announcements are processed officially by an RNS, usually to quell rumours and speculation by the likes of us bulletin board bloggers with nothing better to do! LOL!
Posted at 07/12/2012 13:30 by aleks_atanasov
Grizzly, today is cold here last week it was very warm. You know... if you didnt tax the Sun so much it would have shown up more frequently in England :)

hmmm where it will be.. the share price should be around 52-53ish when the big arbs step in ... smaller ones are already here i see 100K/200K orders on the book slowly accumulating. The wild card is of course the GVC share price if that was certain then the SBT share price should be trading at a 1-2% discount to the offer price after the offer is RNSed...(must also be tracking the GVC SP) i expect that to happen next week.

So.. If GVC are suspended until the actual placing.. (That's not very likely_.. which will be in the beginning of Mar I think I have to seriously consider just wait and let my broker transfer cash and shares because without the GVC share price it is possible that some arbs don't want to take that extra risk... and I want almost the full T/O price for my shares as always... sometimes selling to the highest bidder might actually mean to the offeror directly, tho that's very rear. however that comes with a price becouse i have to take the extra risk of the voting. The outcome of the voting of course cant be predicted ... the share price is based on trades that are made by humans and not magicians.

edit: plus what arbs would normally do is buy SBT and short GVC (thats becouse they want to be hedged if GVC share price starts falling thats how they make their money by exploiting the discount between the current share price and the offer price)... but i guess you need a prime broker like Goldman sacks to find you shares to borrow... which means lower arbs participation which means lower SBT share price

small illiquid shares always cause problems to traders i hate them

It's a mystery to me what will happen to that small SEAQ share when after the suspension of 2--3 months small time investors start sending orders via RSP like crazy. one thing is for sure.. the MMs will have a feast.
Posted at 06/12/2012 14:10 by trentendboy
Interesting to note that the government is thinking of allowing AIM stocks to be included in ISAs.

Needs to happen quickly. GVC is the ideal ISA stock - tax free dividends to boot.

Of course what this means in general is that it just allows investors to lose all their money tax efficiently (not including GVC of course)

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