This one hit the markets running today. Despite negative publicity it was well supported so I jumped in for a small holding--anyone else joining in?? I am hoping for a good run up before the shorters get going.

Punting for England


Katie Allen
Wednesday October 17, 2007
Guardian Unlimited





The Rugby World Cup, and England's success in particular, has brought in a wave of business for bookmakers - both profitable and costly.


Spread-betting company Sporting Index says it has taken double the bets it had recevied at this stage of the tournament in 2003.


Spokesman Bill Esdaile says momentum has picked up in England's last three games.


"England have been underdogs for all these games. The punters have been siding with England and have made money," he says.


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"There has also been a lot of popular interest in Jonny Wilkinson."


For Saturday's final, Sporting Index is taking bets on the numbers of minutes before the England star attempts a drop goal. The expectation is 25 minutes at the moment.


One bet that is drawing in less serious punters is "Harry Spotter", based on the number of times ITV's coverage shows Prince Harry in the crowd. The prediction for that is once So if punters bet it will be more and ITV does indeed show the rugby fan more than once, Sporting index will have to pay out.


While the novelty bets attract a few pounds, spread betting companies have also seen massive sums at play.


City trader Simon Cawkwell, popularly know as Evil Knievel, bet against Sporting Index's predictions on how northern hemisphere teams would shape up against southern hemisphere teams. He cashed in at 250,000.


In Ireland, bookmakers have enjoyed a massive boost to their coffers thanks to England's progress.


"England's success throughout the tournament has been incredible for us because the majority of Irish punters have been looking to oppose England every time they play," said Leon Blanche at Irish bookmaker Boylesports. "An England victory would save us a 750,000 payout on South Africa. So that would really put the icing on the cake, ironically."

This thread is quiet for a stock which is about to make a big move!

Hi Guy ................. Agreed.

Didn't even get a response to my comment from 18th.

I'm in prty ........... looking for a breakout.

Cheers
Amar

me too been in this for some time now looking for a nice profit

Its not looking all that positive at the moment but having said that the current downside might flush out many of the small fry presenting an opportunity to get in at an extremely low level.

Having read some of the earlier comments back in 2005 they were very illuminating in terms of what would likely happen if gaming became legal in the US, however, PRTY appear to be diverifying with the link up with sporting life recently and equally branching out in Germany and other parts of Europe. All of this seams positive for the long term but the Board of Directors are consistent sellers of stock which is a little unnerving

your last phrase says it all .... AVOID!

Cynic..having now read all 14 pages of the post its clear your not a lover of this stock (LOL). Having lost nearly 20k on paper over the last few weeks im not convinced its any less of a speculative punt than the financials. (still sitting on 25,000 shares at 31p). If it gets much closer to 20p the temptation will be too much to ignore unless the market continues to deteriate much more in which case im packing up and going on holiday till its shakes itself out.

you're right ...... and i see no reason to change my view that i have held all along ..... AVOID like the plague and leave to maestro to do his bollox, though they are prob long goned

All gaming stocks are pretty flat at the moment. Cash flow is still good for most of them (except 32RED) but the threat of outstanding U.S. arrest warrants still puts off most takeover bidders (SBT with BWIN). Best performing at the moment is probably 888, imo.

CEO today announnced that he has cancelled his sale programme and does not intend to sell any further shares. That is 5 million shares which will not hit the mkt. Cant decide whether this guy is finally understanding the concept of corporate responsibility or expects the shares to shoot up. Fingers crossed for the latter.

How when a company reports a 52% increase in earnings, is confident for the full year and has diversified its earning stream, does the SP still fall back. There is no logic to the market any more.

this is a 5 bagger at least put u mortgage on it i have

drrnrp the problem is the shares are a day traders dream as they are so cheap and there are so many out there meaning any rally gets snuffed out once there is a 1p movement. Although they may have a long term story alot of people got burnt and so momentum is difficult to whip up. As soon as i break even I am out as would rather but my money to better use.

totally understand but i never got my fingers burnt,believe i got in at nearly the bottom,time will tell respect

Long Termer

888 are doing really well at the moment.... I wonder how much higher they will go....

what chance of a new govt in usa overturning the online gaming law?

Not likely, gambling is against most of their ethics. Prty has a leish on it, there are two bots that kick in to keep the sp. where they want it.

I am holding

USA does not make a great deal of difference, its when they open in China that we will see big profits IMHO

Hate to disagree, but PRTY (also 888, SBT etc) went from 170p down to 25p purely on their loss of USA revenue stream. Asia has huge potential, but the U.S. was a huge blow to the industry.