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?

Sportingbet said it has enjoyed a good third quarter and expects operating profit before interest and goodwill amortisation for the period not to be less than 19m.

In a trading update, the company said sports betting volumes during the period have been strong and there has been some improvement in margin compared with the first half.

The poker, casino and gaming have also continued to perform well.

Sportingbet will announce its third quarter results and cumulative results for the nine months ending April 30th 2005 on June 2nd.

Hope this is good for the sector on the whole - what with NLR pain of last few days??
Any one anything to add?

Looking good,with some good buying in the last half hour.

16 May 2005


SPORTINGBET PLC

Notification of Third Quarter Results

Sportingbet Plc will be announcing its third quarter and cumulative results for
the nine months ended 30 April 2005 on Thursday 2 June 2005. There will be a
presentation for analysts at the offices of Ashurst, Broadwalk House, 5 Appold
Street, London, EC2A 2HA at 09.30.

Hi 271,

Do you hold Sportingbet? Do you think this caused the drop today? If so any ideas why? TA suggests it should start climbing back to 320 resistance. Sportingbet have fabulou scredntials and profits are alledgedly soaring, any idea what's holding the sp back?

Hi Chiva
Yes i hve been a fan for a long time , though bought in also at the ressistance level at aroung 3.20 at a time . Have added on weakness twice since then. Mid April and late April, shares mag and some news through Digitallook set a target price of around 3.75. Current weakness I think is due to the sector as whole suffering, I also hold some in UKB,WMH, NLR( which accepts payments for this sector). All these too are down. No particular news I know for the drop - but if you look at buys/sells last 20 odd days - the buys have far outweighted the sells.
p/271

Suspected it was sector sentiment. I hold NLR aswell and hence have greyed horrendously the last few months. Fingers crossed for a lift in the next couple of weeks building up to results. Thanks for the feedback.

Chiva

Afternoon all , first visit here but i notice its below the 2.65 ,am i right in thinking a director bought 35.000 at that price .. 2.50 would be a good entry point but its just one i am watching at the moment lol..

News from shares mag - 19.5.05
Spreads on the 100 largest AIM stocks are set to narrow as new AIM indices unveiled this week prompted higher trading volumes and attracted more institutional investors. The LSE says institutional investors are waiting to create tracker funds based on the AIM 100 and AIM UK50 - the 50 largest UK AIM stocks, headed by 870m SPORTINGBET (SBT:AIM)
Having an AIM50 will encourage some index funds to follow and that could have a positive effect in share prices.
Others near the top of the AIM UK 50 are NETeller(NLR:AIM), Monsoon(MSN:AIM),Regal Pet(RPT:AIM) and Peter Hambro Mining (POG:AIM)

Also at shares mag. : Buy @ 262.5 Target 305
2006 growth forecast 45%

I know it is up at this moment (probably result of Shares focus) but the overall trend at the moment is down. If you have caught the bottom of the market good for you but I think it will go down further over next 5-10 days.

Fred1New - with respect - do you know of some facts that back up your comment - it would help - as at least two sources recent are very upbeat about this. I normally rely on such reports ( not that they are always correct).
Thanks. p/271

Pension, I admit to following the charts more and more and buying and selling on changes in trend etc.. But before I buy I do check some of the fundamentals to try avoiding a pig in a poke. I don't think SBT is such.

I bought SBT 20/1/05 at 208 and 24/1/05 at 221p selling 7/3/2005 at 332p. I have been following it fairly regularly since but the trend to me is still down
There is a bounce to-day but I would wait for further evidence of trend change. ICV I believe from memory was a little luke warm to the "gaming online" shares a few weeks back, although i still think they are good cash delivering possibles. I stand to the side for a little while.

Thanks Fred1 - p/271

SBT have Q3 results out on June 2nd ,, does anyone have any info

On the 6/4/2005 M Blandford (DCH) sold 6.5 million. Not sure why but a little suprised the share price hasn't dropped further. I don't at present hold any. Just watching.

It,s on the up, but thats worth further research , thanks Fred.

held these for years since they were Rodime, still looking for a takeover-lol!!!

Added more of these today - Great future!

dikytree.

Added again!

dikytree - just to make you feel that you are not alone - been with SBT for long time now and have been adding on , on any weakness - lets hope early June rewards the patience.
p/271