Met some instetutionul investers in BETFAIR yesterday

wot r they?

Company who buy Betfair share at begining. 

I tell them every person think is stil sell sell sell bad price.

Pretty much every user of the site knew it was a crazy price, but as always the cityboys knew better

" Pretty much every user of the site knew it was a crazy price at the time ".
What ?
100% overpriced crazy ?
50%, 40% , 20 %.
I don't remember too many exact type postings on what the float price should really be at the time of the float.
A lot now of course.

zebadei Joined: 18 Jan 02
Replies: 2665 18 Jul 10 14:05   
Imo the valuation looks far too high,any gambling website is subject to future legislation that could seriousy damage future profits.

Saying that i imagine those who invested ten years ago are salivating at the prospect of lottery style returns on relatively modest sums. 


waytowin Joined: 11 Oct 05
Replies: 287 18 Jul 10 14:20   
I agree Zebadei their valuation is far too high....... future expansion in overseas markets may now be limited given some are looking at building their own platforms. 


viva el presidente! Joined: 10 Jun 06
Replies: 8856 18 Jul 10 15:48   
zebadei is right, imo.

if I had wealth tied up in betfair, I'd want to monetise it sooner rather than later for two reasons.

1 - future legislation is likely to curtail a lot of what they do.

2 - there's no inherent reason someone can't build a platform to do the same thing better/cheaper, and destroy their current de facto monopoly.

neither of those things currently seems imminent, which makes it a good time to get out. 


LeinsterBeliever Joined: 26 Jun 09
Replies: 624 19 Jul 10 19:56   
Agree 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 if de-regulation occurs in key markets in Europe and US there is massive scope for growth but it's a gamble still.

However we've been reading these 'Betfair will float' statements for over a year and we still haven't seen anything official. They say there is no smoke without fire but they must have run out of wood for the bloody fire at this stage. Also I'd trust a more research article from Financial Times than Sky News speculation merchants. 



That's on the first thread I checked. There were dozens of similar posts.

As to you asking for an exact value, that's a bit of a turnaround.

FINE AS FROG HAIR Joined: 12 Mar 07
Replies: 3844 19 Oct 10 07:18   
Lori
People on here talk about trading in and out of the betting prices based on some sort of analysis of what the correct " absolute value" should or should not be.
Trading on financial mkts. usually has nothing to do with the "absolute value" of the financial instrument being traded. It is usually to do with momentary arbitrage opportunities caused by certain stock or commodity prices getting out of comparative alignment with each other or other general market indicators.

I think, if Betfair shares go down to £3, they would take betfair back to a private company

Lori et al
The supposed big time corporate finance experts on here.
Giive us a break.
I would like just one of you to try to convince me that you even have the remotest idea how the flotation process works.
You all seem to be indicating that the institutional investment community which underwrote this issue has made a mistake that has cost them collectively circa 750 million pounds.
Do you for simple starters have the slightest idea how much BF actually received in cash from the float ?.
Do you understand how the prices the underwriters commit to pay  relate to the retail float price ?.
Do you understand the concepts of new shares vs founders shares etc etc ?.
Do you know how many shares were actually sold to the retail public in the float ?.
The list goes on and on and on.
Come on, somebody please step up to the plate and tell me exactly how all this played out, who is losing what and when and why ?
For sure you can say in general the float price was aggressive, probably overvalued the company's intellectual assets, actual and future,  but that's all .
What does it mean bottom line to you guys anyway, unless your personal stockbroker took you for the flunkeys apparently many of you obviously are, and convinced you to buy some shares  at  tne inital offering at full retail.
Hands up those who did ?
You at least have my sympathy if nothing else.
You're all just embarassing yourselves with your ignorance of matters that are well beyond your knowledge base.
So what's new.
After all you're all supposed to be big time knowledgeable gamblers aren't you.
At least on that point some of you undoubtedly are, but that's all you are.

Ballabriggs
What's an institutional investor look like these days ?.
I mean does have a uniform ( a pin stripe suit perhaps), a post it note on his forehead, is he just one person who invests hundresd of millions of pounds on his individual say so, drives a big car, plays golf, shoots pheasants etc etc.
What did the ones you meet look like ?. Jolly nice chaps, toffee accents, p!ss artists, in a strip club, at a freemason's dinner, in  a private box at Chelsea ?

betfair is currently has authority to purchase a maximum of 5,671,346 of its own shares

out of how many nairda?

Viva   now around 107 million betfair shares

Edward Wray not that rich any more....i hope he hasn't spent to much money on those horse and has some cash left

Ok Lori.
I'm waiting for my first lesson from you as usual.
I'm all ears.

Btw Lori why do I always somehow get an image of you with a comb over and wearing cuban heels ?.
Just hope I'm wrong.

Have you bigger list nairda?  Met peoples from your list but more too not on list.

You're all just embarassing yourselves with your ignorance of matters that are well beyond your knowledge base.

Come on FAFH, these matters are beyond virtually anyone's knowledge base (not the specifics you mention, but the valuation process itself). Most Institutional Investors don't have a clue.

" Most institutional investors don't have a clue"
Well in that case Investor, I suggest you pull all of your hard earned savings out of any insurance policies, money funds, pension plans etc etc you might have invested in over your life so far and just put it all into gambling on sports events.
Not saying they are always get it right ( now that would be a bit of a stretch given the current GFC, but to dismiss the whole professional investment community as a bunch of incompetents( in much the way most on here tend to dismiss all the BF mgt. as a bunch of incompetents) is just plain ridiculous, and is more indicative of the level of incompetence of most of the debaters on here.
You and a select few others are clearly not in that incompetence category, but geez the ground is pretty thin to say the least.

but to dismiss the whole professional investment community as a bunch of incompetents( in much the way most on here tend to dismiss all the BF mgt. as a bunch of incompetents) is just plain ridiculous

I agree with you there FAFH. People who do that are themselves incompetent as they've missed out the word total twice.

FINE AS FROG HAIR
Date Joined: 12 Mar 07
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" Most institutional investors don't have a clue"
Well in that case Investor, I suggest you pull all of your hard earned savings out of any insurance policies, money funds, pension plans etc etc you might have invested in over your life so far and just put it all into gambling on sports events.
Not saying they are always get it right ( now that would be a bit of a stretch given the current GFC, but to dismiss the whole professional investment community as a bunch of incompetents( in much the way most on here tend to dismiss all the BF mgt. as a bunch of incompetents) is just plain ridiculous, and is more indicative of the level of incompetence of most of the debaters on here.
You and a select few others are clearly not in that incompetence category, but geez the ground is pretty thin to say the least.


That's pretty much what I have done. Having a pension / investing in a managed fund is better than not building equity at all though.

I think an investor worth his salt will beat the market. Almost no-one can. The people that can't are just wasting time and resources by enganging in active management.

The statements 'the bookie always wins' and 'the markets are efficient' are similar in that in both cases it's not true, but it might as well be for most people.

Example like this are the norm rather an exception.
http://www.economist.com/node/15453041?story_id=15453041