New Posts For Thread: Betfair to floathttps://community.betfair.com/general_betting/go/thread/view/94082/25387821/betfair-to-floatAccording to sky news Betfair are targeting a £1.5 billion pound autumn floatationThats actually a high P/E rate in general but not for a tech companyTech comps tend to be more erratic either making loads or crashinghttps://community.betfair.com/general_betting/go/thread/view/94082/25387821/betfair-to-float?post_id=458247305#458247305Thats actually a high P/E rate in general but not for a tech companyTech comps tend to be more erratic either making loads or crashingWed, 21 Jul 2010 09:55:44 -0500Amazon is P/E 20 Betfair also has no debt, and i'm sure betfair siting on $100 million cash, as all betafir new investment has come from cash and not debthttps://community.betfair.com/general_betting/go/thread/view/94082/25387821/betfair-to-float?post_id=458239869#458239869Amazon is P/E 20 Betfair also has no debt, and i'm sure betfair siting on $100 million cash, as all betafir new investment has come from cash and not debtWed, 21 Jul 2010 09:01:03 -0500I would also speculate future tax implications for users which would affect volumes,i would guess maybe 1000 users have won over £1m, its only a matter of time before a few elite users profits become more widely known and with more and more users ushttps://community.betfair.com/general_betting/go/thread/view/94082/25387821/betfair-to-float?post_id=458059189#458059189I would also speculate future tax implications for users which would affect volumes,i would guess maybe 1000 users have won over £1m, its only a matter of time before a few elite users profits become more widely known and with more and more users usTue, 20 Jul 2010 05:34:32 -0500CLYDEBANK29 19 Jul 10 16:50 £1.5bn for a retail company making £70m a yearRemember £70m is before depreciation, tax etc, after the figure was £34m and 2008 was £33m so not much growth there!!Chuck in regulatory issues with countries banninghttps://community.betfair.com/general_betting/go/thread/view/94082/25387821/betfair-to-float?post_id=458055277#458055277CLYDEBANK29 19 Jul 10 16:50 £1.5bn for a retail company making £70m a yearRemember £70m is before depreciation, tax etc, after the figure was £34m and 2008 was £33m so not much growth there!!Chuck in regulatory issues with countries banningTue, 20 Jul 2010 04:35:08 -0500Sorry maybe Clyde is right on the P/E, I thought it was £50m last year, too lazy to research. JOb in Sky awaits.https://community.betfair.com/general_betting/go/thread/view/94082/25387821/betfair-to-float?post_id=457961693#457961693Sorry maybe Clyde is right on the P/E, I thought it was £50m last year, too lazy to research. JOb in Sky awaits.Mon, 19 Jul 2010 13:57:53 -0500Agree Zebadei & Waytowin. I personally believe it is too high. You can see the previous years profit and revenue on the reports and the valuation of £1.5 billion is over 30 times last year profit. Sure share prices are based on future growth and ifhttps://community.betfair.com/general_betting/go/thread/view/94082/25387821/betfair-to-float?post_id=457961373#457961373Agree Zebadei & Waytowin. I personally believe it is too high. You can see the previous years profit and revenue on the reports and the valuation of £1.5 billion is over 30 times last year profit. Sure share prices are based on future growth and ifMon, 19 Jul 2010 13:56:11 -0500that possibility also represents the biggest threathttps://community.betfair.com/general_betting/go/thread/view/94082/25387821/betfair-to-float?post_id=457949377#457949377that possibility also represents the biggest threatMon, 19 Jul 2010 12:45:23 -0500significant potential upside as well with some big new markets potentially coming online (us, india, others)https://community.betfair.com/general_betting/go/thread/view/94082/25387821/betfair-to-float?post_id=457939229#457939229significant potential upside as well with some big new markets potentially coming online (us, india, others)Mon, 19 Jul 2010 11:36:53 -0500£1.5bn for a retail company making £70m a year and growing (I think)means a P/E ratio of 21. I'm no expert but I think that's not a high asking price on the face of things as a starting point.https://community.betfair.com/general_betting/go/thread/view/94082/25387821/betfair-to-float?post_id=457931969#457931969£1.5bn for a retail company making £70m a year and growing (I think)means a P/E ratio of 21. I'm no expert but I think that's not a high asking price on the face of things as a starting point.Mon, 19 Jul 2010 10:50:54 -0500-Basic rate of commission will increase, seem to remember them toying with 7% years back. -Accounts will be restricted or Premium Charge will go up to 50%.https://community.betfair.com/general_betting/go/thread/view/94082/25387821/betfair-to-float?post_id=457930925#457930925-Basic rate of commission will increase, seem to remember them toying with 7% years back. -Accounts will be restricted or Premium Charge will go up to 50%.Mon, 19 Jul 2010 10:44:10 -0500