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Paddy Power Shares
Paddy Power Shares
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This thread is becoming boring...Too many people agreeing with auld Bless.
 HEY TOLMI...Did you ever thank me for putting you right on how the Betfair Premiun Charge works? No problem your welcomed anyway.  .................................................... PS..RICKY...If somebody owned 250+ shops and commericial property dropped by around 33% over the last 18 months. Stands to reason the value of your share should reflect the drop in value of those shops....So YES ownership is relevant. But most of these bookmaking companies are just interested in been bookmakers and taking on bets. Than making them themselves by buying all their shops and them becoming property spectulators......Cheers |
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Regarding their property whether they own them or not it doesn't appear their costs on shops are reducing, whilst average stake is. You can't imagine that they're is much more growth (apart from UK) in their shops and costs that will hardly go down much.
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No, as far as I do know, without knowing intimate details of their business, they rent most of the shops. Particularly any shop they've expanded into in recent years. In other words, their "exposure" to the property market exists only in terms of high rents, which can be renegotiated. It costs 50-100k to fit out a shop I think. That's their biggest investment but it's fixed cost .
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Surely pictures (sis/turf) and staff are two huge expenses here too? The avg shop needs to make c3k a day to cover expenses (so i have been told). I very much doubt that all pp's do and don't get me started on spoils. If they were quoted i would short the sh1t out of them.
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No way is it even near 3k a day.I'd guess there are plenty that don't even turn over 3k a day!Maybe 3k a week would break even for a small shop.
As for putting me right on the premium charge Blessington it turns out I had been misinformed by Betfair accounts as to how it was calculated.However as my commision rate and the rate used to calculate commission generated were the same I failed to spot they were wrong. It actually made no difference to me.That said for a man who said Premium Charges were your Mastermind speciality subject I think you will find you were incorrect as well.Stick to Kerry Football 2000-2009 when you are in the black chair would be my advice! |
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The shops could turn 20k on a weekend.
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TOLMI....it turns out I had been misinformed by Betfair accounts as to how it was calculated.
 So have we ALL at one time or other.  Still what would you do without Bless to put you right? Glad anyway I got you sorted on the Betfair Premiun Charges.  |
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caught a 10% fall, thought they fall to e20, buy nay. Their proving pretty resilient, the launch of paddy power trader is crucial to their future growth as of now Iam out and looking elsewhere. Silver is a good play
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There is not a bookie share in GB & I you would buy . It is a decreasing market for the obvious reason that the punter gets better value on the exchanges ( and does not suffer the frustration of knock backs and reductions in what they will lay ). PP is the best of them as far as I can see , but still in behind the 8 ball industry wise .
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