The shares are also unpopular!!

News, chat and debate about the Betfair betting exchange.
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JollyGreen
Posts: 2046
Joined: Sat Mar 21, 2009 10:06 am

It seems there could be a run on Bentfair's shares are people look to offload and Bentfair perform the quickest buy back in history!

Betfair to buy back £50M shares
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superfrank
Posts: 2762
Joined: Fri Aug 14, 2009 8:28 pm

The company added that it would invest in its LMAX financial share trading platform for another 12 months, putting in no more than £10m on top of the £20m already spent. The venture, which many had warned would struggle to compete with existing spreadbetting platforms, has failed to catch on, despite the backing of investment bank Goldman Sachs.
It sounds like LMAX is going to die.
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Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

I think LMAX was doomed from the start - from what I can tell, it offered no incentive for people to drop their existing broker or spread betting company...

Jeff
superfrank wrote: It sounds like LMAX is going to die.
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