General Betting
There is currently 1 person viewing this thread.
These 60 comments are related to the topic:
Why is there no-one with a good word about BF on here, but the share price is roaring ahead?
Why is there no-one with a good word about BF on here, but the share price is roaring ahead?
sort by:
Show
per page
Replies: 60
|
By:
Ballabrigs - short circuiting , which is basically the work of a bookie too (they must surely get their prices via way of the exchange - i could be wrong !)
If the sportsbook succeeds which it could well do given the correct marketing, then it could well finish off the exchange unless it's easier to find in the first place. I'm not sure what BF would gain from letting the exchange die completely , surely if 10s of bookmakers (inc Bet 365 comparative newcomers ) can succeed alongside a healthy exchange then so can the sportsbook ,it would just have to be given a different platform . Bet 365 customers on the whole are of a different make up to exchange customers ,so there is room for the two imo - advertising would have to be addressed differently too. The question i would like to ask is Will there ever be a time when there is no exchange due to economic reasons ? |
|
By:
The exchange has survived both an economic boom (2000-07) and bust (07 onwards) so it appears it can survive both. The only thing that can really kill the exchange is betfair themselves, and if they do we must hope that one of the rivals takes up the mantle big time.
|
|
By:
Share price has broken the 1100p mark.
|
|
By:
ballabriggs, 25% of the long-term incentive plan of the CEO & CFO is dependent on bf's relative performance (in terms of total shareholder return i.e. not share price by itself) against a peer group. The peer group is nine listed sportsbooks (Laddies, 999, Mountains, Playtech, Irish, Unsportingbet, Dank and two not listed in London, Loonybet and b.lose party entertainment).
Now let's say in one year that Laddies buy 999 and Playtech, Mountains buy Unsporting and Dank go private). This will put bf immediately in the bottom half of its comparison cohort. The cost to the CEO is immediately about £380,000. In these circumstances the temptation will be to go for something market-pleasing (either promising or issuing a special dividend) to keep the share price up with competitors. |
|
By:
Coach, imv it's not so much 3.65 surviving alongside the exchange as them surviving because of the tissue they get for free. They can then select their customers and run a tighter margin that wd be normal for a bm.
|
|
By:
The sportsbook aim is to use the exchange price as tissue, and then generate prices 15 to 20% shorter. Hopefully customers won't notice.
If the share price is under pressure, maybe they could cunningly have a second sportsbook, hiding both the exchange and the original sportsbook, and the new sportsbook offers prices 15 to 20% shorter than the original sportsbook. If people are too dim to take a better price on the exchange first time round, they'll probably be willing to take the 2nd sportsbook price. Maybe BF could just launch a DepositBook. You deposit money into it, and you lose. Would save a lot of time waiting for the results of actual events, thus making customers better off. I can see the launch now "BF have decided to launch our new DepositBook, giving you all the convenience of using a bookmaker, without any hassle or stress of waiting for the results of fixtures. By losing your money immediately, BF customers can now spend those precious hours with their wives and children, making the most of life." |
|
By:
betfair as somewhere to bet has dramatically gone downhill. website crap, pricing system crap (how they get away with charging some people 7% and others 5% is beyond me), premium charge is totally crap, liquidity mostly crap bar big games, customer service crap, sportsbook utter crap. it's just crap.
|
|
By:
share price going up because they are milking the customers.
|
|
By:
Low interest rates = share bubble
|
|
By:
But still the greatest thing since sliced bread for the serious punter.
|
|
By:
john92 21 Sep 13 16:39 Joined: 13 Jan 05 | Topic/replies: 2,265 | Blogger: john92's blog
Low interest rates = share bubble ------ partly true, but not relevant to the price relative to other firms. |
|
By:
Strongly disagree with you (for probably only the first time) on that one viva el presidente. BF are strongly likely to have a different customer demographic profile to many other firms, especially ones with heavy bricks and mortar presence. The BF exchange is much more attractive to wealthier demographics, and rising equity/house prices will encourage those types of customers to be a lot more bullish. It would be a major surprise to me if a share bubble did not mean BF's price relative to other firms increased.
|
|
By:
well, to be clear I was answering the specific narrow point that cheap money pushes up stock values generally. in itself that doesn't explain BF rising relative to other companies.
|
|
By:
A company with a relatively steady profit and no debt is likely to be an attractive option in a share bubble.
|
|
By:
Interesting tweet from a couple of hours ago, Still waiting to see if MD answers!
 . https://twitter.com/search?q=markxdavies&src=typd Mark Davies @markxdavies 2h Just walking past 45 Russell Square. Inexplicably, there's no blue plaque on the wall: "From this building, Betfair launched in 2000" Stuart Purling @PURLINGS 2h @markxdavies how do you feel now the exchange is slowly being marginalised in pref for the sportsbook where they just become another bookie? 12:29 PM - 25 Sep 13 · Details |
|
By:
Mark Davies @markxdavies
@Steve3245Jones @PURLINGS have written about that at some length on my blog in the past. (We'd moved out of that building by Sept 2000) 3:41pm · 25 Sep 13 · Twitter for BlackBerry |
|
By:
http://www.betangel.com/blog_wp/2013/09/25/betfair_investor_cash_out/
News today that Balderton Capital ‘cashed out’ it’s remaining investment in Betfair. An RNS notice appeared today showing that Balderton had sold 4,227,170 shares bringing their holding from 4.04% to 0%. The significance of this is that Balderton were one of the original investors. To quote their website: - “Balderton’s original investment in Betfair was made in 2000 and it remains one of the largest institutional shareholders post the listing. The partners have been actively involved in the development of the business since its formation and Tim Bunting served as chairman in 2006.” Richard Koch also lowered his holding again by selling another 1m shares. I’d have to say I’m not surprised to see people selling after the run up in price, but seeing Balderton completely cash out was a surprise. |
|
By:
For those who didn't open the link, the words in my previous post are from the website. They are not my words.
|
|
By:
why are all these people who have held shares in betfair for years and some since the start , now selling up ?
apart from the share price being quite high at the moment ( although not near flotation levels ) what do they know or what have they heard that has made them sell up ? |
|
By:
Lol, maybe your being sarcastic rcing? Have you not read the majority of threads on here or looked at liquidity recently? If not have a look at "THE PREMIUM CHARGE MUST BE SCRAPPED" thread.
|
|
By:
*you're
|