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Reason for Betfair share price increase
Reason for Betfair share price increase
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Replies: 138
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One way to drive up the share price I suppose, only another 7 million or so left to buy back
RNS Number : 4413K Betfair Group PLC 14 July 2011 Betfair Group plc (the "Company") announces that in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 6th October 2010 it purchased 50,000 of its Ordinary shares of 0.1 pence each ("shares") on 14 July 2011 for cancellation. The highest price paid per share was 702.5 pence per share. The lowest price paid per share was 675.5 pence per share. The average price paid per share was 685.62 pence per share. To date 367,477 shares have been repurchased under this authority. Following the above transaction the Company has 107,727,556 shares in issue. This number represents the total voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Services Authority's Disclosure and Transparency Rules. |
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The question is, is it even worth their effort?
I think what should concern bf shareholders is that there are indications they think it is. I'd love to be a fly on the wall of bf towers. I know from personal experience that much of what sounds great in a management presentation can go seriously awry at the coalface. Otherwise I agree with Theinvestor, much of what I do is ridiculously simple, the trick is in knowing what will work where. Outside of cricket, perhaps the cleverest thing I do is knowing how to manually manage 50+ markets a day. |
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Pxb you're priceless.
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The simplest ideas are very often the best Pbx [;)]
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And the most simple ?
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FAFH- do you ever sleep ?
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I'm a bot.
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Actually a rogue bot.
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A further 6% wiped off the value of the company this morning.
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 so after spending 2 million on shares to give the share price an artifical boost the price now tanks to a new low, so another 48 million of punters money to spent proping up a share price!!! How much do these guys get paid!!! |
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* spend propping..ffs
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Betfair must buy back more share soon. Price is going very low. Is bad for image. Why lose so much today?
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This was announced yesterday..about time tbh. changes brewing regarding taxing the point of consumption rather than the point of supply. Bad news for VC and SJ nad the like
All on and offshore operators selling services into the UK will in future have to obtain a licence from the Gambling Commission if they wish to continue offering online gaming to UK customers, John Penrose, Minister responsible for gambling policy and regulation, has announced. Penrose (pictured right with Prime Minister David Cameron) said the revamped industry would be based on the point of consumption rather than point of supply, however no detail was given on the tax system this would involve, which jurisdictions would be affected or when this would come into force. “It means anybody based anywhere in the world who wants to sell gambling services to any consumer based in the UK will, in future, have to have a Gambling Commission licence,” Penrose said. .................................... Should have affected the price yesterday but since that was the day Betfair were buying loads of shares mebbe the fallout is hitting the market today. |
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Ummm
http://www.iii.co.uk/investment/detail/?display=news&code=cotn:BET.L&action=article&articleid=8301378 I guess if you know another £48M or so is buying too it makes sense |
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feak and frog
punters only need player v player betting and what ever the rake is great 5% for all no need for sad talks |
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and down grading what was once a world beater
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Very sad day for gambling when it's going to price the best out of the market.
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Im also pretty sure the WTO will rule it illegal, it's remarkably similar to the American poker cases, which was also ruled illegal (and the USA ignored anyway)
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I really want to hear Tony Williams' response to all this. It will probably be one of the funniest things ever.
You'd think it'll be along the lines of "So, stop me" |