Poor IT is the issue

started working there about 10 years ago and whilst small it was a nice place to work at with some very good and clever people.

when it was obvious they were talking about floats, the company changed, and tried squeezing every inch of effort they could out of the staff to the point it was horrendous. there was also a bullying culture there by middle management.

then stephen hill left at the frustration of not floating the firm sooner.

they also started employing senior management that had nothing to do with the industry, and naively thought they could lead a betting firm.

these said senior management were very arrogant in their way and dismissive of their staff. many instances of people relocating to different offices, stevenage from hammersmith, malta from stevenage etc being told if they didnt like it they could come back. well, many many people didnt like it and wanted to move back - the company flatly stopped this happening - i presume legally they could do this? many of these people had young familys. there are two people i know in the dublin office i used to work with even now who has had this happen to them presently.

anyone that i respected at the firm left 5-6 years ago, as did i (not labelling myself in their bracket, id had enough). plenty of people that knew what they were doing were moved on for lower paid staff and its like everything, pay peanuts, get monkeys.

lot of good points on this thread, but ultimately, people in high positions that knew what they were doing - mark davies being another - have all left. when i left it had become a horrible place to work, and i know most people i worked with felt the same.

i actually had shares in the firm from when working there, that i had been selling every april and this april will be the lot of them gone, thankfully the bulk of which ive done alright price wise. the deterioration of the firm doesnt surprise me to be honest, and i firmly believe they would have been ok if they turned the clock back 6 years ago and kept the same staff before getting greedy, cutting costs, getting arrogant with the premium charge, trying to think people on lower money with no industry experience could do the same job etc.

i appreciate the structure to what i have just written isnt great but its me just throwing my thoughts and experiences out to what i believe has sent the company into the khazi.

HAVE A WIN SINGLE AND GET 10% OFF IM SURE THE CUSTOMERS WOULD LOVE THAT ,AND MAY BE GIVE EVERY CUSTOMER WHO HAS THEIR 1000TH BET A FREE TIME FORM ANNUAL

Investors follow Investment tipping companies as much as punters of horse races do

and back in the 1920s they were telling everyone and his dog to buy shares

the result was the worst modern recession of all time, delivered and packaged by

the United states that then sat back and watch the rest of the world recoil into

bad politics and eventual war.


The point being those that have given BF a bad rating are as inept as any other get rich quick firm

and the fact BF shares are so low is actually good for BF in the sense that they dont need share holders

and paying back any shares aint a problem, and any that are on board will have to bide their time and see how the outlook

pans out in the future.


Those that cant profit even on a site that offers 100.5 over-rounds and low charges will continue to moan

and tell every one else the pc is too blame when they haven't a cat in hells chance of ever being charged it

or benefiting from the best betting platform ever created in terms of possible profits and fairness to

those that wish to play on a sporting, betting exchange.

The Market figures are being "propped up" to avoid the Share Price going where it should be.
Talk to any "In Runner" who has been around for a few years or more.

I think ..........most gamblers go skint.......and I think that ive seen em come and go on here.............maybe were left with the "shrewdies"

*but should read,buy

They were ludicrously over staffed and I agree that cost cutting will help.
I do not agree that even the current share price is sustainable in the short term..
There is no hiding from a "bottom line".

I interviewed with them many moons ago, around the time Addy talks about in his post, shortly before Stephen Hill left. I got exactly the impression he describes - how important they were, how they were going to float and become the biggest betting company in the world, etc. The salary they were offering was pretty poor, clearly with one eye on keeping costs right down, so I wasn't overly disappointed in not hearing back from them. A friend was offered a position with them around the same time but didn't take it up on the same basis.

I have huge respect for Black, etc and what they created, but at some point they clearly became a company who swallowed too much of their own hype, and believed they could do no wrong.

BFF,If you are going to attempt to slate somebody can you at least get the person right,you utter cretin.
I posted it.
I cannot be bothered to debate with a moron who does not bet on their opinion but,I would highlight your statement that, "the Firms are miles behind in customer respect.
Tell that to the people who are being shafted for PC!
ROFFL

I know it was you racing star , copy and pasted your dribble and unfortunately unbiased was in the caption whoum is ok

in my books but I have found you racing star to be a bit of a big mouthed know all that likes to have a pop at every one and

everything and I would like to debate anything with some one that lacks the right tools.

It would hardly be difficult to know more than you,BFF.
Is there any thread you have not posted on?
Finally,your ratings at Southwell summed you up perfectly.
A two bob bluffer who tries to talk a good game.

bf fanatic doesn't bet and is likely that he works for betfair. he was the only person who said the beta website was better than the classic one when it was duplicating bets and inputting incorrect stakes, (along with tens of other problems that website had).

That would be entirely in keeping with the moron,Yomomma.

Very true racingstar. I suppose the technical problems of the new site aren't a concern when you are someone who doesn't actually use it

Although if he does actually work for BF, it might go some way to explaining the share price

Doc,
If you asked somebody to devise a method of alienating your customers,you would be hard pressed to come up with a better method than extorting PC from people who rarely bet In Running,imo.
Unbridled greed or,trying to create a "mythical" higher turnover?

To quote an old and true saying;"if your Aunt had cobblers she would be your Uncle".

Doc,
I introduced a Soccer punter to BF who only bet pre off and bet to "good money".
He was flabbergasted to be told he would be "liable to PC if he continued to be as successful.
I did not know what to say to him.
Needless to say,he has never had another bet here and is happy to take a couple of spots less on BD with no PC.
Sharp Minds on BF.

Spider,
They obviously took the view that the "In Runners" had no other option and they were right(whether that makes it morally justifiable to impose it is another matter).
However,to PC pre-off players was a hideous management mistake that they will live to regret.