At this rate the big 480 will be able to buy the company and make more money than ever by simply running the site the right way and selling their 50p shares for £13

Only lost 39p today things looking up

BETFAIR GROUP
(LSE: BET.L Ticker: 44JTH0 / ISIN: GB00B44JTH01)
Last Trade:    684.14
Trade Time:    16:27
Change:    Down 37.36 (5.18%)
Prev Close:    721.50
Open:    727.00
Bid:    682.50
Ask:    683.00
1y Target Est:    N/A
Day's Range:    682.00 - 727.00
52wk Range:    682.00 - 1,610.00
Volume:    451,912
Avg Vol (3m):    378,017
Market Cap:    N/A
P/E (ttm):    N/A
EPS (ttm):    N/A
Div & Yield:    N/A (N/A)

Johnny

No turtle their share price is reflecting their poor earnings performance.
Which is exactly what BF is attempting to address currently.
Btw why is it excellent news for you ?.
Did you short it at the float ?.
If so then I can understand your glee.
Otherwise I find it quite difficult to understand why you should find a plunging share price to your liking.
Do you perhaps have some personal gripes about the shareholders as well as the mgt ?
Or do you think the decreasing share price is going to cause some sort of shareholder revolt to get rid of the current mgt, and put in a team that will do things your way ?

You could well be right brentford.
You could also say that you can't live in the past.
BF are trying to deal with things as they see them in the present and in the projected future.
They will be judged, share price wise, eventually on those actions alone.
There is no room for sentiment in the markets.
The past is over.
But your point about potentially damaging the basic brand/ franchise is also an important factor to consider.

talk of government bringing in taxes on gamblers

What talk is that then?

aye robot     08 Jul 11 20:36 
talk of government bringing in taxes on gamblers

What talk is that then?
__________________________

I'm ignoring it personally Aye , rumours were circulating on a few forums since this new lot have taken over  ,no links or back up though on any of them ...

I wish I had sold the share price at the flotation, tbh I didn't even know you could at the time. Anyway, as I said before, their couldn't care less attitude means they are getting what they deserve, brentford has summed it up very well. Will they put it a new management structure to change things around? Dunno, but the more it falls, (and it will keep doing so imo) the more chance of it happening, especially if they keep losing customers when purple eventually get their act together.

I've no gripe with the shareholders themselves, as stated before I think they are / were total mugs in buying a ludicrously overpriced product, but other than that I couldn't care less about them tbh.

And if it goes down a lot (and I mean a LOT further) it may even be worth getting a few as a speculative buy

I bet in a darkened room anyway. So no problem for me either way it goes.

"I just hope they are not making short term decisions as a result and are really focussing on the true long term problems and solutions"

Doubt they are that fussed come to think of it, they cashed in at the right time.

"I just hope they are not making short term decisions as a result and are really focussing on the true long term problems and solutions"

Well, they just went for the quick term cash grab with the pc, so I'd say that's pretty unlikely, tbh.

Can't they buy all the shares back at half the price?

I give up.
I'm obviously dealing with some sophisticated investment bankers here.

And just again be accused of being a know it all ?
I suggest howver that you start thinking these things through yourself.
First of all get up to speed on all the ins and outs of the stock exchange regualtions covering the repurchase of stock on the open markets by corporates.
Then do a little bit of basic balance sheet analysis to see if and how BF could raise the required cash and service the ongoing costs associated with any source of such cash.
Also perhaps analyse the existing commitments to various cap expdenditure programmes which also require new cash
etc etc etc etc.

etfair poaches bwin.party exec 11/07/2011
James Bennett


Betfair has poached bwin.party’s central marketing director Matt Robinson to become the exchange’s emerging markets director, a new role created for the experienced gaming executive.

Robinson, who has been at PartyGaming, now bwin.party, for two years and was previously at 888 for six years launching the brand in the UK, will join the exchange in September reporting to chief commercial officer Niall Wass, and follows the recent appointments of other gaming veterans including ex William Hill exec Ian Chuter, group operations director, also a newly created role, and Michael Bischoff, the exchange’s latest director of information services.

In a statement seen by eGaming Review due to be released later this morning, Betfair said Robinson’s role would focus on “providing direction across product management, marketing, brand management, sales and distribution in new territories.”

Commenting on the appointment Wass said: “The creation of this role is further testimony to Betfair’s international aspirations. Matt will play a vital role within the commercial function as we aim to position Betfair for entry into new countries and territories around the world.”

Betfair’s share price fell below 700p for the first time last Friday and has fallen by more than 50% since it floated on the London stock exchange last November. A number of unfavourable regulatory decisions in key European gaming markets including Greece and Germany, poor product performance including Betfair’s financial trading site LMAX and the departure of several senior executives including LMAX’s CEO, have seen the decade-old company’s stock suffer and forced its own chief executive, David Yu, to announce he is stepping down as soon as a replacement is found. Stephen Morana, Betfair CFO, ruled himself out of replacing Yu at the end of last month.

At the time of Chuter’s appointment analyst Ivor Jones of Numis issued a note saying his firm “[expects] a better-structured Betfair to result from his influence.”Jones added that “After headlines about senior-level departures from Betfair it is encouraging to see an excellent new hire.”

Robinson’s appointment will give the struggling firm a further lift with bwin.party said to be sorry to see the well respected marketing expert go.

“We are confident of making sure we maintain good continuity as regards to the [Matt’s] role. We always have a succession plan,” a spokesman for bwin.party told eGaming Review.

“We’re sorry to see Matt go, he’s very talented as well as a great person and we wish him well,” he added.

Following Yu’s departure it is thought Betfair will re-focus its strategy on its core exchange, fixed odds sports products, mobile as well as attempt to re-invigorate its marketing and online customer brand engagement. In mid June this year it appointed rival Paddy Power’s former advertising agency Big Al’s Creative Emporium (BACE) to work on new marketing campaigns, beginning its partnership with the creative agency with immediate effect.

Several senior sources within the industry have told eGaming Review Betfair is slowly moving away from being viewed as a technology business to being viewed as a gaming business.

The outgoing CEO told eGaming Review last month he was upbeat about the company’s future growth plans including integrating more fixed odds sports betting products into the exchange to provide its “very loyal” customers with a single source on which to bet on sports, rather than leaving the site and betting elsewhere.

“We think we have 72% of our customers’ current sports betting wallet. There is an opportunity to add in sports book-type markets around this. We know they are spending money elsewhere. Some customers have multiple accounts, and we want them to spend more with us. We’ve added other products over the years such as multiples and Tote betting, what we’re now going to do is add in fixed odds products around our core exchange and going to be integrating this together with the exchange.”

Yu said this would be done by the “back end of this year” suggesting Betfair would build most of this itself but adding that it had also lined up a number of unnamed third parties to help achieve this target date.

“So, overall we’ve fixed the internal issues and we’ve got a plan for growing the business, improving our margins and continuing to deliver to shareholders.”

current share price 656.00

Where can I buy share in betfair?  They are good price now?

Betfair shares down 50pc since float last year
Shares in Betfair, the online gaming exchange, have fallen by over 50pc since the group floated nine months ago.

The embattled company's shares fell to an all-time low of 646½p on Monday, against a float price of £13.00, confirming its position as one of the worst performing major flotations in recent years. The shares subsequently recovered some ground to close down 22 at 660p.
The share price decline came after analysts at Espirito Santo and UBS downgraded their forecasts for the betting company, sparking further concerns among jittery investors.
The price cuts follow Betfair's recent full-year results and concerns about regulatory changes in Europe.
In a critical note, Espirito analysts lowered their target price on the stock to 630p as they said "Betfair's updated growth strategy is effectively turning it into a conventional bookmaker over time, diluting the original exchange proposition" and claimed the "business is reaching maturity and competition is intensifying."
The analysts also raised concerns about "regulatory risks outside the UK" and rising commission charges for Betfair's higher value customers.

UBS analysts took a similar line. "Betfair's results and the ensuing consensus EPS [earnings per shares] downgrades highlight the lack of underlying growth in the business," they wrote, lowering their share price target from 775p to 660p.
The UBS analysts lowered their EPS forecasts by nearly a third for the 2012 financial year and by 27pc for 2013, while keeping their sell recommendation on the stock.
The negative comments came despite reports in Germany that regulators are set to tell state authorities to redraft gaming laws that looked set to hurt Betfair's business.
Greece could also republish draft gaming laws in a move that would be expected to help boost Betfair's opportunities in the country.
The Telegraph

Now that is a very good point, if that is really what they have done.
But do we actually know that is the case, or just think we know that ?

Oh sh!t then I would really be in trouble.

Unfortunately fixed, the average IQ of people who work in stocks and shares is slightly under 90.

While there are some very very intelligent exceptions to the rule, the sheer weight of numbers of idiots means that you can assume that nothing is done rationally.

If you've ever looked at a uni level economics book you'll realise just how simplified all the stuff they learn has to be because the people there couldn't digest anything that was actually of use.

Sadly, not only does that knacker up the stock market, but it leads to such people coming to forums like these and finding themselves unknowingly miles out of their depths (although thankfully Darwinism takes over here and we end up with a very intelligent base of regulars with good experience in both fields)