betfair appoint goldman sachs and j p morgan

can't wait to short this bad boy. you need your head testing if you buy shares in this imo.

goldman sachs reputation in ruins  from recent case -surprised betfair using them

why are u constantly on here then whippet

it's fairly obvious to see why isn't? they simply have the best financial advisor's on the market & they're still one of the best investment banks out there with a decent portfolio.

if they manage to float at 40 times their yearly earnings they will pull off a massive trick and anyone buying into it will only lose out

so says the magic flea - if only pulling off massive tricks were that easy. dream on

when it comes to gambling, investores are lured into it with this notion that a bookie never loses. That it is a win win situation. They do not realise what tight margins bookies actually work on. Now we have a situation where apparantly there is no risk either, as betfair is only an exchange. What the potential investors do not realise though is that betfair is only one investment away from losing it's edge, which is a virtual monopoly on the exchanges.
If a new company starts with a competitive commission structure, no PC and a much better platform it would lure the punters away from here. Because face it, we are all waiting for that competition as betfair is becoming greedier and its "upgrades" are just slowing down the system more and more. I believe that they are just building blocks over the original platform and it is on the verge of crashing whenever the traffic is high

Who would you use, simon?

why would any sane person employ goldman sachs/jp morgan

An excellent question, JP Morgan pay Anthony Blair a large retainer.

y funds.

Goldman Sachs, the banker to Betfair and Virgin Active, has been talking up the prospects of both businesses floating this autumn, but advisers to the gym operator confirmed there was little chance of it seeking a listing this year.

Sources close to Betfair suggested market conditions might also scupper the online betting exchange floating this autumn – a much-heralded £1.5bn float that would also be complicated by the fact that it would probably crystallise large losses for Softbank, the Japanese investor which has a 23% stake in the gambling business.

Magic Flea
Please speak for yourself. Stop using the royal plural to outline your personal opinions on the current and future prospects of BF.
BF will have to do an awful lot more wrong than it is currently doing to waste away the massive competitive lead it has in the internet betting markets.

black used to work for jpmorgan so perhaps he thinks or knows they'll do a good job

Do any of you lot know how new issues actually work> f me...

what are they issuing? shs? conver bonds? straight debt? seriously, get it together...

comingupthehill Joined: 10 Jul 05
Replies: 760 17 Jul 10 23:51 
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jp morgan are pretty good,interest rates are 0.5%,mortgages are on average 3%,but they managed to get man utd a loan at 14%,plus their comission of course.

That was a legal way to extract money from the club. The government is wangled out of tax dues, the hedge funds collect fat interest rates on relatively low risk loans, the Glazer's line their pockets. All at the expense of the fans. They end up paying for this. A prestige football club owner has a virtual monopoly as the fans aren't going to say 'Oh the tickets are too expensive, we'll support Man City instead".

Financially, I think the club is still healthy because they can make enough to service the loans, but now its profit stream belongs to the hedge funds and the Glazer's and there is no interest in recycling it back into the club.

The comments from David Gill are pretty farcical, not much more than a puppet really.

Today's Sunday Times reports that Betfair are likely to announce an IPO on the LSE in two weeks time.

Magic Flea - I do think that is some credibility in the points you have made. Yes betfair is an exchange, and may i point out a rather good one at that, however technologically i must agree that the backend does seems somewhat outdated - solutions, well there are a few and they appear to be happening within the CDN industry. i would not be in a position to comment if the powers behind this great platform would have the money to rollout a architecture on a similar scale, however it does open doors for people within that sector!!