General Betting
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....what's going on?
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It was ludicrously overhyped and overpriced in the first place, hence the price has crashed. Not exactly rocket science.
(it has a long way to go yet before it is accurate btw)
(it has a long way to go yet before it is accurate btw)
British Horseracing Authority's Paul Roy invests in Betfair
Paul Roy, the chairman of the British Horseracing Authority (BHA) and an outspoken critic of Betfair has emerged as a surprise investor in the betting exchange.
British Horseracing Authority's Paul Roy invests in Betfair
British Horseracing Authority's Paul Roy invests in Betfair
By Jonathan Russell 7:00AM BST 23 Oct 2010
1 Comment
On the same day Mr Roy and the BHA put out a statement calling Betfair "disruptive" his private equity business NewSmith Capital was investing up to £50m in the company.
Through the BHA and the Horseracing Betting Levy Board, Mr Roy has been in open conflict with Betfair over its contribution to the levy.
Yesterday he claimed Betfair had disrupted British racing's finances and warned other countries about allowing it to operate in their jurisdictions.
However a spokesman for NewSmith said while Mr Roy would not have taken the decision to invest in Betfair he considered it to be a "brilliant business model".
Paul Roy, the chairman of the British Horseracing Authority (BHA) and an outspoken critic of Betfair has emerged as a surprise investor in the betting exchange.
British Horseracing Authority's Paul Roy invests in Betfair
British Horseracing Authority's Paul Roy invests in Betfair
By Jonathan Russell 7:00AM BST 23 Oct 2010
1 Comment
On the same day Mr Roy and the BHA put out a statement calling Betfair "disruptive" his private equity business NewSmith Capital was investing up to £50m in the company.
Through the BHA and the Horseracing Betting Levy Board, Mr Roy has been in open conflict with Betfair over its contribution to the levy.
Yesterday he claimed Betfair had disrupted British racing's finances and warned other countries about allowing it to operate in their jurisdictions.
However a spokesman for NewSmith said while Mr Roy would not have taken the decision to invest in Betfair he considered it to be a "brilliant business model".
What was the starting share price? And what is the current price 'Get real'?
Last price I saw was 899p - as I recall Softbank bought 25% at 1,312p a few years ago, they launched at between 1,300p and 1,400p and peaked at around 1,550p, but that's only going from memory.
It's more volatile than an in-play market!
It's more volatile than an in-play market!
Wish there was a market on here where you could bet on the price 
Historical prices:
.......
http://uk.finance.yahoo.com/q/hp?s=BET.L&b=22&a=00&c=2010&e=7&d=00&f=2011&g=d
.......
http://uk.finance.yahoo.com/q/hp?s=BET.L&b=22&a=00&c=2010&e=7&d=00&f=2011&g=d
You could have made a profit on the starting price if you'd sold them before the end of the first 5 days 
891p today - I think that makes the company worh about GBP 1 billion, as opposed to the GBP 1.5 billion valuations in the past.
they have alot of cash aswell so knock that off and its even less
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