I am a recent buyer of UKB and there results announced today seem to be good. Anyone know why their share price dropped on this seemingly good news?

RNS a few minutes ago confirmed that this is a takeover target.
:-)

RNS a few minutes ago confirmed that this is a takeover target.
:-)

Now that revenue from the U.S. has stopped, this has got to be the next step.
Any idea who the bidder might be? SBT or 888?
UKB looks the best of the U.K. based gambling companies, imo. Many of the others are still not profit making and only have a small market share.
The sp is likely to blip up even on the rumour of takeover, so the shorters should be happy to play this for a while.

888 looked at UKB in the past, but no offer was made.

... and UKB has no US exposure so is unaffected by the US legislation.

Of course, that is the attraction of UKB.
Have a look at LNG, which is the total opposite, with big exposure to U.S. Absolute disaster.

Since prize funds are determined by number of users and spend per user, anything with such massive US exposure will be giving away such tiny prize that they won't be worth playing.... unless they can takeover a company with a large number of non-US users... like UKB.