General Betting
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29 Jun 11
12:20
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Date Joined:
28 May 11
Is it really due to the new PC?
Could it be due to Betfair's announced intention to repurchase shares, or was this information not released at the same time?
Could it be due to Betfair's announced intention to repurchase shares, or was this information not released at the same time?
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Replies: 138
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Nothing to do with the PC...
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Nice earner for them though, inflate the sale price then buy your £13 shares back at £7 a few months later
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earnings were out today... they weren't brilliant, but weren't terrible either.... shares are a touch down on the day now.... PC change was barely mentioned in briefing... although they did say their strategy was going to increase margins (increase revenue without commensurate increase in costs). The Buyback may not be seen positively because it could reflects a failure to use that capital for organic growth.
Share price moved from 730>770 yesterday afternoon... around time of PC announcement... but I wouldn't bet on any connection (if I had to give a reason for yesterday's move I would guess that there were some short positions covering (buying back) before the earnings release) |
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Results not as bad as expected and news of the buy-back....
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its all to do with the buy back announcement
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Share price back to the normal slide now, only lost another 26p so far today.
BETFAIR GROUP (LSE: BET.L Ticker: 44JTH0 / ISIN: GB00B44JTH01) Last Trade: 719.00 Trade Time: 11:30 Change: Down 26.00 (3.49%) Prev Close: 745.00 Open: 758.00 Bid: 719.00 Ask: 719.50 1y Target Est: N/A Day's Range: 716.00 - 758.00 52wk Range: 714.00 - 1,610.00 Volume: 150,997 Avg Vol (3m): 365,760 Market Cap: N/A P/E (ttm): N/A EPS (ttm): N/A Div & Yield: N/A (N/A) |
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Time to crack open the buy back money and throw good money after bad.
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Plummeting
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Guardian was on about "structural limits" within the exchange model and that best days might have gone.
Not exactly what you want to hear about a company positioning itself for growth |
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Is this a new low for the share price??? 711.50
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£711.50 AT LAST LOOK
these % drops are quite dramatic |
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Yes
could well be testing the £7 level this afternoon |
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down 4.77 percent ... 709 lowest ever been
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Time to up the pc to 100%!!!!
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what would have been the legal position if they'd bought the shares back then announced the PC increase?
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Not a stock and shares expert but if other major bookmakers have a PE ratio half of Betfair, does that mean if Betfair dont grow then their share price could be under £4 over time?
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yep
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Its the buyback.
Very unusual for a growth company to buy back its own shares so soon after an IPO. Normally a buy back is seen as the company believing its shares are under valued. But in this case it could be seen as a rather desperate attempt to prop up the share price. At the float employees and directors had over 5 million share options, which is rather a lot compared to traded shares. Share options are a way to retain staff, but if those options are under water (in the parlance), employees are much more likely to leave. |
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Reading the prospectus, it looks like most options have an exercise price of UKP10. So definitely underwater.
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down...
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That's quite a drop this morning.
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699.50 traded time 11.44am
volumes are not high so it indicates market not panic but just lack of interest in market. |
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669.39 lowest it ever been
how much do u reckon its owed to that article on monday about betfair hit its peak ? |
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falling ... 697.62 down 3.31 percent on day
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697 down 3.4 percent ... could be a black friday !
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I did say I'm a buyer at 500. That was before lots of European countries started shutting them out though. Still...
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been a bad week for Bf Pr.
Markdavies blog, at http://www.markxdavies.com/ gave a v interesting insight into his leaving. Tough times, and it does appear, the PR side of the company, has suffered. |
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682.96[:x]
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Todays Betfair share forum comments.- http://www.iii.co.uk/investment/detail?code=cotn:BET.L&display=discussion&it=le
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UBS downgraded the stock today to sell and price target from 775p to 660p "highlights a lack of underlying growth in the business"
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| | v 5.48% so far today Investec have said they are worth no more than 445p  |
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how low will they go????
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That reminds me of a man up before the beak for bug-gery with a dog. The judge asked him how low can a man go. "A corgi, your honour", he replied.
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bad start to monday ... down 4.77 percent now standing 649.5
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Share price will get bigger I think.
Now is good time to buy buy buy! |
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Getting crushed....
Don't really see why, Q4FY2011 was good... and Q1FY2012 has actaully started very well. (but markets might be irrational longer than I can stay Liquid LOL) |
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I think same as Magican 101, now is good time to buy!
Where can I buy Betfair share? |
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ring betfair they will sell you some through your account..Ask for Mr Morana ,he purchased some shares in december he may be willing to offload some to you...
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Ballabriggs
you have posted at least 5 times "where can i buy some" seems slightly suspicious to me.... but if you are serious it is not hard to find a place. barclaysstockbrokers and self invest ISA both cover betfair.... as would almosy every highstreet bank or broker IG index etc all allow spread betting also if you want leverage. |