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?

Sporting Bet SBT seems to be on a roll at the moment after positive moves in the US related to online gambling.



Target for the SP would be around 120p the bottom of the gap where resistance may be come up against.

Broker Buy note out in last 48 hours...............

FORECASTS WIRES 2010 2011

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

KBC Peel Hunt Ltd
29-09-10 BUY 35.05 5.95 1.50 36.48 6.19 1.80

One slightly worrying stat I saw the other day is that 19% of SBT's profit comes from Turkey. Unfortunately internet gambling is still currently illegal there, so that is a revenue stream which could come to a very abrupt end.

Golden Cross fairly imminent on the chart (50MA crossing the 200MA whilst both heading North) generally a very reliable indicator.

Well spotted PTH.

BEATEN concensus figure.......

5.90 1.20 37.10 6.50 1.30

2010 2011
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)
Consensus 33.71 5.93 1.46 36.74 6.48 1.66
1 Month Change -0.02 0.00 0.00 0.01 0.01 0.00
3 Month Change -0.26 -0.00 -0.04 -0.76 -0.18 -0.07

StockMarketWire.com
"Online sports betting and gaming group, Sportingbet has posted a reduced pre- tax profit of 6.9m for the year to 31 July 2010 ( 2009 profit 22.3m).

This year's result includes exceptional costs of 24.5m, principally associated with the agreed settlement with the US Department of Justice and the Group's move to the Official List.

For the year as a whole, amounts wagered were up 25% year on year to 1,971m and EBITDA earnings were 17% higher at 46.5m.

Amounts wagered on sports betting in Europe (incorporating the financial results for the Emerging Markets division) grew by 29% to 1,165.1m (2009: 906.6m), earning net gaming revenue (NGR) of 111.6m (2009: 82.7m) up 35% year on year.

Casino and gaming contributed a further 44.9m, and poker 17.4m, to both amounts wagered and NGR (2009: 41.3m and 18.8m).

Amounts wagered on Australian sports betting grew by 22% to 743.9m (2009: 610.5m), earning post betting tax NGR of 33.6m (2009: 20.8m). The Group says that the new financial year has started well with net gaming revenue for the first two months up 17% on the same period last year.

The Board has proposed a final dividend of 1.0p which brings the total dividend for the year to 1.5p, 50% up on last year. "

Clear sky now up to 145p.....

04-Oct-10 Sportingbet SBT Daniel Stewart Buy 81.25p 130.00p - Reiteration

130p SP target.

Broker target of 89p

06-Oct-10 Sportingbet SBT KBC Peel Hunt Buy 77.40p 89.00p - Reiteration

Only need to the price to go up now! 8-)

NOTIFICATION OF Q1 RESULTS
Sportingbet plc, a leading online sports betting and gaming group, will be announcing its Q1 results on Wednesday 24 November 2010. There will be a conference call for analysts and investors details of which will be distributed on the day.

StockMarketWire.com
Sportingbet started at Panmure Gordon with buy rating, 78p target price.

Sportingbet started by Dil with an AVOID ... a two bit operator that gets the hump when small time punters win a few quid and them limits then to a fiver on an evens favourite does not inspire confidence.

Recent press comment of a bid from a Swdish company.

StockMarketWire.com
Online gambling company Sportingbet confirmed talks with 'different parties' following weekend press comment.

The Sunday Times reported the company was looking at a merger with its Swedish rival Unibet.

Sportingbet said it 'has had and will continue to have discussions with different parties in relation to a variety of potential opportunities'.

There could be no certainty as to whether or not such discussions would result in any form of transaction.

Sportingbet Plc today announces a joint venture with First International Bookmakers Company ("FIBC"), Russia's second largest licensed bookmaker, trading under the well known Liga Stavok brand.

Under the five year deal, Sportingbet and FIBC agree to partner exclusively to establish a Russian online sports betting offering under the "Liga Stavok powered by Sportingbet" brand. Sportingbet are the sole provider of online services to the joint venture, which will be a unique offering in the market.

FIBC operates 256 Liga Stavok licensed betting outlets in 67 cities across Russia, and is expanding at a rate of 25 new openings per month. Liga Stavok has unparalleled access to the Russian sports betting market as a result of its exclusive betting partnership with the Russian Football Premier League. As one of only 18 licence holders, Liga Stavok is one of the country's most recognised betting brands.

The fast growing Russian sports betting industry has an estimated turnover of $1.8bn a year.

Andrew McIver, Group Chief Executive, said:
"I am delighted that Liga Stavok has chosen to partner with Sportingbet. I am confident that the combination of Sportingbet's world class online sports betting product and expertise with Liga Stavok's strong brand and exclusive betting partnerships will enable the joint venture to build a leading position in this exciting, fast growing market. This partnership is a perfect fit with Sportingbet's strategy to build geographical diversity through new markets, working with the highest quality partners where appropriate."

Unibet are just as useless mitzy.

lol.

Termination of merger talks
The board of Sportingbet Plc notes continuing press speculation following an article which specifically referred to merger discussions with Unibet Group plc ("Unibet"), a company listed on the OMX Nordic Exchange Stockholm. Unibet informed the Company today that it has withdrawn from those talks.