Punilux
30 Aug 2015
Re: Merger Does the EBITDA figure include the £12M+ Point of Consumption tax ?
pharmaspecialist
26 Aug 2015
Re: Merger Whilst I have been a little concerned about Betfair's focus on EBITDA as a measure of performance (rather than profits) I reckon that the merger with Paddy Power is a brilliant deal so I have become a shareholder again. I look forward to Paddy Power's online marketing expertise and business nous to be applied to Betfair's business. I am also attracted by the lower corporate tax rates which would apply to Betfair if the merged business became domiciled in Ireland - that could make a material difference to Betfair's profitability. The merged company could then buy up other profitable betting companies to take advantage of Ireland's low corporate tax rates. This would parallel what is happening in the US pharma industry where some US pharma companies are becoming Irish domiciled for the low tax rates (though they are not too keen on admitting to this). Let's hope the merger is consummated!
Punilux
26 Aug 2015
Re: Merger Surely a group of betting shops and online facilities offering their own odds are directly competing with a marketing system in which punters offer their own odds to others. The weakness of the former is that after paying for the estate, employees and higher overheads the odds on offer are worse than the direct competition. Betfair suffers from a lack of liquidity. You might find someone offering a horsed at 2/1 for £10 for a minor race on Monday afternoon , but if you want to bet £500 the cumulative odds could be nearer to 7/4 which are likely to be worse than those on offer at high street bookies. How are Betty Power going to stop one side of the merger competing directly with the other? it didn't work for Betdaq and Ladbrokes, so why now? In view of the logic of the LAD/Coral merger being that only digital capabilities are salient to monopoly positions, how are Betfair going to sell their prospective market position?
Katie Bromyard
26 Aug 2015
Re: Merger It's a great fit. I trust this board to continue their successAlready a multi bagger for me. I will continue to add.
Punilux
26 Aug 2015
Merger Any idea how Betfair and Paddy Power will fit together? Unless they intend t run down the PP estate won't one arm of the combined business be competing with the other? Look what happened after Ladbrokes took over Betdaq.
Katie Bromyard
31 Jul 2015
Up she goes! Great performance from Betfair £30.00 soon.
II Editor
17 Jun 2015
NEW ARTICLE: Betfair has (POC) tax problem "It's been a successful year at LSE:BET:Betfair HQ, with a combination of the World Cup and a strong Cheltenham Festival and Grand National driving profits at the online betting firm. It's started this year in much the same vein, but the new 15% ..."[link]
albent
05 Apr 2015
Established income payer with stable financial health and growth potential. Further fundamentals on BET [link]
Ripley94
27 Mar 2015
Re: Cricket WorldCup N/C
StanleySpeculator
24 Mar 2015
Re: Cricket WorldCup Betfair have just tweeted that they have broken their Exchange World Record with £79,879,596 bet on the NZ v SA match odds.
Katie Bromyard
16 Mar 2015
Re: Cricket WorldCup Yes they are doing very well. The Cheltenham turnover was huge too. I have held these at all prices below £10 and I felt sure that the new management would turn Betfair around after their Experience from Paddy Power.
StanleySpeculator
09 Mar 2015
Cricket WorldCup I bought these shares in the summer after noticing that about 45M was bet on the first game of the Football Worldcup, after remembering that their previous biggest event had been the first ashes match the previous year with 50M exchanged over 5 days. So with 32+ worldcup games I decided to take a punt and have never regretted my decision. I checked out the betting today on the England Bangladesh match £69.2M exchanged on the Match Odds alone (9M in the last 10 overs). Conclusion - Hold don't sell (IMHO)
Katie Bromyard
09 Mar 2015
Re: Cautionary note Upwards and onwards. They have done a brilliant job. Cheltenham to come this week means more in the coffers. Up again on a faltering market. Hope you guys are in?
ken678
09 Mar 2015
Re: Cautionary note Quite agree pharmespecialist. I think, under the new regime, the company is genuinely progressing but it has had a huge amount of ground to make up. I have referred to that before, somewhat obliquely maybe, under - "I suspect some of the original founder/vendors now sleep sounder in their beds.”The original prospectus (which, to avoid action against myself or the site, I am sure was legal!) was a travesty. The discontinuation of certain operations and the now obligatory smoke and mirrors presented a picture which, so far as the “man on the Clapham omnibus” was concerned, failed, without huge deconstruction, to give “the full story”, or anything approaching it.Breon Corcoran and the new team have almost built a new business – and they (to enter into another old controversy!) deserve their bonuses. Whether they should have been paid by the Company or the founder/vending shareholders is a different matter.
II Editor
05 Mar 2015
NEW ARTICLE: Highly-rated Betfair smashes forecasts "LSE:BET:Betfair's rally since July last year has been nothing short of meteoric. In that time, the share price has more than doubled, despite new UK tax rules on gambling, and now the internet betting exchange has smashed third-quarter profit ..."[link]
