Going looks hard for Betfair

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Innertube
Posts: 215
Joined: Mon Mar 14, 2011 9:18 am

Scathing article in the Guardian today

http://www.guardian.co.uk/business/2011 ... ares-slump
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Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

An anonymous source is quoted as saying: 'If good decisions were made and proper structures put in place the company would be able to accelerate quickly'.

Hmmm... Not quite sure how...

Jeff
Innertube wrote:Scathing article in the Guardian today

http://www.guardian.co.uk/business/2011 ... ares-slump
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petardo
Posts: 133
Joined: Mon Mar 22, 2010 4:41 pm

I hope they leave to create other exchange :)
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Euler
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Joined: Wed Nov 10, 2010 1:39 pm

Betfair was never quite the same when the founders went non exec. The pressure they face now is that if you have sold the company to the city as a high growth company then you need to deliver to that mandate and I don't think they can without damaging the structure of the company. That said only a minority is owned by institutions so they can't vote down resolutions.
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Euler
Posts: 26471
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Thought I would do a quick rule of thumb valuation on Betfair at the current price, would you believe it, the investor relations web site is down!

http://corporate.betfair.com/
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Euler
Posts: 26471
Joined: Wed Nov 10, 2010 1:39 pm

Back now, will have a proper look later in the week.
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Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

The site's back up now.

There are only 3 press releases for this year, and none contains the sort of news that would send a shareholder's pulse racing:

http://corporate.betfair.com/media/pres ... /2011.aspx

Jeff
Euler wrote:Thought I would do a quick rule of thumb valuation on Betfair at the current price, would you believe it, the investor relations web site is down!

http://corporate.betfair.com/
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