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?

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.

Bought SBTapprox 4/52 ago after IC tip, but before it announced large director sells.

Thought results were good.

Subsequent, stopped out but now think time to buy again on reasonable results and expectations.

BDYOH


Financial Highlights

Q1 2010 Q1 2009
m m %

Amounts wagered 513.9 463.2 10.9
Net gaming revenue 51.1 48.6 5.1

EBITDA* 11.3 9.7 16.5
Adjusted operating profit* 8.2 7.1 15.5
Group operating profit 7.5 6.3 19.0
Adjusted diluted EPS* (p) 1.7 1.3 24.4
Diluted EPS (p) 1.5 1.2 26.6
Net cash** 22.4 21.7 3.2


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I seem to pick my time!!!!!!

Well I did say DYOH.


"
The Independent has been bearish on Sportingbet, the internet bookie which lost nearly a quarter of its value after chief executive Andrew McIver said it was not for sale, for some time. The sporting betting business itself is ticking along nicely (but try and get an account and you'd wonder how), but poker is being hammered by the likes of Full Tilt and Pokerstars which still operate in the US and have been aggressively promoting their businesses here. The risks are too high. Avoid, says the Independent.

Seems that somebody likes the stock.

24-Nov-10 Panmure Gordon Buy 61.00p 78.00p - Reiteration
24-Nov-10 Collins Stewart Buy 61.00p 94.00p - Reiteration
22-Nov-10 Daniel Stewart Buy 60.50p 130.00p - Reiteration


I supposed I can just cross my legs again.



(Last time I did, I dislocated my hip.)

Trading update
Sportingbet plans to announce its Q2 (three months ended 31 January 2011) and interim results on 24 February 2011 and in advance of that is issuing the following pre close trading update.

The positive underlying trends experienced in the first quarter have continued into the second quarter, as the group continued to trade well. Amounts wagered in the first half of the year are up 11%.

A strong performance in Australia and the Emerging Markets more than offset some weakness in Spain and Greece, where the well publicised difficult economic conditions persist.

Our recently announced Russian joint venture and the continued enhancement to our mobile offering serve to highlight the attractiveness of our product and geographical diversity.

The Group continues to monitor regulatory developments closely and expects to take advantage of the opportunities available as markets regulate.

StockMarketWire.com
Sportingbet plc raised its interim dividend 20% to 0.6p a share after reporting strong Q4 growth in Australia, Emerging Markets and Turkey.

EBITDA for the six months to January 31 was 25.8m, up 10.7% from 23.3m.

Amounts wagered in the period rose to 1,069.2m from 965.5m. Net revenue increased to 107.9m from 101.2m.

Adjusted diluted EPS was 3.7p against 3.4p for the previous first-half.

Profit before tax was up 20% at 19.6m from 16.3m.

During the first quarter, $15m was paid to the US authorities as the first instalment due under the non-prosecution agreement.

CEO Andrew McIver said, 'Strong growth in Australia, Emerging Markets and Turkey more than offset the recessionary weakness of Europe, particularly notable in our larger markets of Greece and Spain. Once again this demonstrates the attractiveness of a geographically diverse operation.'

Fourth-quarter EBITDA increased from 13.6m to 14.5m, despite European sports margins being below the long-term average.

McIver said the group continued to monitor regulatory developments closely and looked forward to taking full advantage of opportunities.

The third quarter had started well and the group had seen a rebound in the softer European margin experienced in the second quarter.

Any thoughts?

Sportingbet Plc

Acquisition discussions with Centrebet

Sportingbet Plc announces that it is in advanced discussions with Centrebet International Limited ("Centrebet"), a company listed on the Australian Securities Exchange, which may or may not lead to a recommended acquisition by Sportingbet of all of the outstanding ordinary shares and performance rights of Centrebet (each a "Security"), at or around A$2 per Security in cash.

StockMarketWire.com
Sportingbet, which has unveiled plans to acquire Centrebet, said results for the quarter ending April 30 2011 were little changed overall from the comparable period in 2010.

The amounts wagered were 507.3m., down from 520.8m. in the same quarter last year. But EBITDA increased to 16.1m. from 14.9m.

Mobile phone actives were up 44% during the quarter and there was a growth of 14% from "in-play" revenue.

looks solid enough to me hence the slight loss on nothing much really as usual

have noted a lot of stop losses taken out again

the wise would already be short of this one and i see no reason why anyone would want to pile in

indeed - not piling in here currently just keeping an eye on the ever changing situation in this sector