Anyone holding these? Evil K drove the price right down and now they seem to be recovering---are they worth considering now they seem to have sorted out their finances?

Peter Dicks will have to be stupid enough to visit US when all this crackdown in US is going on...what a nerd!

peter dicks made a very silly move travelling to us. Peter 123 I personally hang in there. Watch closely though. Peter Dicks back in court on thursday. I will keep in touch with you on this one.

Peter Dicks certainly lives up to his name....Dickhead

Other executives from sbt travelled to the states without incident in July -the dickheads are the yank lawmakers.Watching like a hawk but maybe therell be a better opportunity after Fridays option expiry ,ridiculously cheap at these levels b market sentiment is poor at the moment.Sept and Oct not that brilliant-job data and inflation numbers out before the weekend, anticipating some even better bargains next week but wtfdik.

looks l;ike the yanks are buying after their little sting..must be great to have inside info

I think this is a short term bounce.
If a similar scenario is followed as that of BetonSports, not only will the shareholders get nervous, but the european gamblers on the SBT website may also change allegiance and withdraw their money (I don't think the asian market will take much notice). This will affect SBT profitability (notwithstanding a good 2006 World Cup). I cannot see an upside unless consolidation is a possibility.
I have got to agree that staying out of the U.S.A. would have been a sensible thing to do for the Directors of any internet gaming company, even though Dicks was just going on holiday, link below:
http://www.theonlinewire.com/articleView.aspx?ID=1497
However, the media seem to besupporting SBT to some degree, link below:
http://www.theonlinewire.com/articleView.aspx?ID=1147
Not for the nervous investor, this one!

i disagree...its not a federal law that Dicks has been charged with and he hasn't been to Louisiana for 20 years so what is the fuss about...

Which bit don't you agree with?
I hold SBT shares and have actively traded them since late 2004, but they are very susceptible to the merest whiff of bad news within the industry.

Now lets hope the rest of SBT's employees have the sense to stay out of the U.S.!

Great! We have got rid of Dickhead!

but not the problem ..... glad to see a significant bounce, especially for JB ..... not sure how far or for how long this recovery will last, so maybe best to run a trailing stop.

You are correct. Keep locking in profit.
Very volatile. Either set a trailing stop or set a realistic %age & take.

yesterday i noticed sbt started to move fast. I have never bought any of these share before. I still hold my 80,000 prty. I bought 10,000 sbt shortly before close at 1.79p. just after i bought them they dropped back .10p per share. to 1.69. Then this morning I sold them at 1.985 p so 2000 prof less expences. I may get back in again. Good luck to all who hold these share. especially peter 123, do you still have your 20,000 share holding? Cynic I agree with your comment about not being sure how long the recovery process will last, as there is still the court case still looming in the background. What does trailing stop mean cynic. good news to hear dicks has resigned. This is very good news.

trailing stop means that you set a stop price at whatever level you like .... let's say 35p below your purchase price of 150p ...... as sp moves up, move your stop accordingly ..... thus if sp is now 175p then your stop should have been moved from 115p to 140p.

Not sure how you deal, but you may be able to get this done automatically or you may have to do it yourself manually.

Hi Janet,

When the news came out about Peter Dick, I went in and bought 10,000 at around 1.63 and sold at 1.95. I still got 20,000 shares in SBT. Thanks for the advice not to sell.

peter123 i have just bought back in at 1.78 and 1.8847 this morning there seems to be a lot of people now buying around the 1.75 level. wish i had not bought the ones at 1.8847, but this is the way it goes. may pay you to buyback in around the 1.75 level. see what you think. good luck.

i see the price is all over the shop ..... read the article in Shares mag on this company ...... they look to have long term problems as so much income comes from USA ...... that is why I suggested a couple of days back that the bounce was possibly or probably unsustainable ...... why on earth did you buy!!

The PDF on the link below is worth a read on the gaming sector.


http://www.saturninnovation.co.uk/clients/dsc/CMS/nmanagerpro/attachments/onlinebetting_morning_flash_150906.pdf


..........it should be noted that Sportingbet's shares rose 25% yesterday to 192p, implying an 83p/share value on World Gaming under the previous publicly announced possible bid conditions.................

Hi there its not so bad.......

http://www.gambling-law-us.com/Federal-Laws/wire-act.htm

the shares i have boughtthis morning average out at 1.8445p so i will have to wait and see. I am now going to have at look at the above websites mentioned by trader 007 and and papalpower. I shall get back to you later on this one