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?

I also hold these and took advantage of their Open Offer recently at 42p.
I was also offered an extra allowance at 42p which I didn't take up as it would have been quite a large sum of money......damn shame as I would have been very nicely in profit now!
I agree that somewhere around 70p is a realistic figure.

Having misread this company I hope the price will be about 80p.

Might restore my faith in my recent share choices.

I am tucking a few away have a feeling that this might get bought, nothing like a punt on a bookies:-0)

Part of UBS note out yesterday:
In our view, as a standalone entity Sportingbets shares are worth 70p. Therefore the rumoured 70p a share approach from Ladbrokes lacks any change of control premium. We think Ladbrokes will need to offer closer to 80-90p a share if it is to gain a recommendation from the Sportingbet board of directors. We reiterate our Buy recommendation.

Already hold a number of these shares.

When bought expected 80-90 p. But its recovery is welcome.

You put them in your pension with Meldex Mike ????

Pile of shite ... and nothing to do with them banning me honest , tossers :-)

"Sportingbet notes the recent press speculation in relation to its Turkish language website business. The Company confirms that, as part of its long term strategy of increasing the proportion of its business mix derived from regulated markets, it is currently undertaking a review to evaluate its strategic options in relation to its Turkish language website business. This review may lead to an exit from this business.

A further announcement will be made in due course."

Any idea what that means in relation to a proposed bid from Ladbrokes?

Not been able to access the whole article yet, but here's the headline:
"The Times

SPORTINGBET PREPARES TURKISH SALE TO WOO LANDLORDS

Sportingbet is considering the sale of its Turkish betting business, a move that could pave the way for a 600 million pound ($983 million) takeover of the online bookmaker by Ladbrokes ."

Thanks Harry

Trading update
Sportingbet plans to announce its Q4 (three months ended 31 July 2011) and preliminary results on 5 October 2011. In advance of the results the Group is issuing the following pre close trading update.

As expected, the trends experienced during the previous nine months of the year have continued into the final quarter. Challenging economic conditions in some of our European markets have resulted in an increased focus on cost control. Our Australian and Emerging Markets businesses continue to demonstrate the benefits of the Group's geographic diversity with resilient performances throughout the year.

The Company's proposed acquisition of Centrebet is expected to complete at the end of August, with Centrebet shareholders due to vote on the acquisition on 17 August. The acquisition is in line with the Company's strategy of increasing the proportion of its business derived from regulated markets.

The Group continues to monitor regulatory developments closely and expects to take advantage as markets move towards implementing regulation.

The Directors remain confident of the outcome for the financial year just ended.

Statement regarding press speculation
The Board of GVC Holdings PLC (AIM:GVC), a leading online gaming company, notes the recent press speculation and announces that it is in exclusive discussions with Sportingbet PLC regarding the possible purchase of the latter's Turkish language website business (the 'Transaction'). Such a transaction, if completed, would constitute a Reverse Takeover under the AIM Rules. In accordance with the AIM Rules, trading in the Company's ordinary shares will be suspended from 7.45 a.m. this morning, pending publication of a re-admission document.

These discussions are at a preliminary stage and there can be no certainty that they will be concluded successfully. A further announcement will be made in due course.

Result of Centrebet Scheme Meetings
On 26 May 2011, Sportingbet announced a recommended proposal by the Sportingbet Group to acquire the entire issued and to be issued share capital of Centrebet effected by way of two schemes of arrangement under Australian law.

The Board of Sportingbet is pleased to announce that, at the Share Scheme Meeting of the Centrebet Shareholders and the Performance Right Scheme Meeting of the Performance Rightholders held today, the resolutions to approve the Schemes were duly passed without amendment.

The Schemes remain conditional upon the approval of the Schemes by the Federal Court of Australia at the Second Court Hearing and the satisfaction or waiver of the following conditions:
no Target Material Adverse Change occurring;

no Target Prescribed Occurrence occurring; and

no Government Body (as defined in the Scheme Document) taking any action to prohibit, restrain or impose conditions on either of the Schemes,

in each case, at any time before 8.00 a.m. (Sydney time) on the date of the Second Court Hearing.

All of the other conditions as set out in the Scheme Document to Centrebet Shareholders and Performance Rightholders dated 13 July 2011 have been duly satisfied.

The Second Court Hearing is expected to take place on 22 August 2011.

Statement by the Board of Sportingbet regarding a Possible Offer.

On 23 June 2011, Sportingbet announced that it had received an approach in relation to a possible offer for the Company from Ladbrokes plc ("Ladbrokes").

In accordance with Rule 2.6(a) of the Code, Ladbrokes is now required, by not later than 5.00 p.m. on 17 October 2011, to either announce a firm intention to make an offer for the Company in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can be extended with the consent of the Panel in accordance with Rule 2.6(c) of the Code.

Talks between Sportingbet and Ladbrokes are still continuing and a further announcement will be made in due course.

TAKEOVER: "This Announcement is for information purposes only. The Company has announced that in accordance with Rule 2.6(a) of the Code, Ladbrokes is now required, by not later than 5.00 p.m. on 17 October 2011, to either announce a firm intention to make an offer for the Company in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. Further information may follow in due course."

StockMarketWire.com
Sportingbet Plc, has announced results for the year ended 31 July 2011 showing EBITDA for the year up 11% to �51.4m and amounts wagered up 4% year on year to �2,054m with NGR up 1%. Amounts wagered online in Australia was up 62%.

In:play continues to perform strongly - now 67% of European sports amounts wagered (2010: 61%) at an industry leading margin of 9.7% (2010:9.3%)

The company announced a final dividend of 1.1p making a total of 1.7p (2010:1.6p).

Discussions are continuing with Ladbrokes regarding a possible offer for the entire issued share capital of the Group and also with Gaming VC regarding a possible disposal of the Group's Turkish language website

The company insisted integration of Centrebet proceeding well and in line with expectations

Andrew McIver, Group Chief Executive, commented:"This has been a year of significant progress for the Group both in terms of financial performance and corporate developments. We have delivered a strong set of financial results with EBITDA increasing 11% to �51.4m.

"The benefits of operating across a broad geographical base were demonstrated with strong growth in our Emerging Markets division, Australia and some of our European territories, offsetting the economic weakness in Greece and Spain.

"With the acquisition of Centrebet in Australia and the passing of regulations in two of our largest European markets, Greece and Spain, Sportingbet is now well positioned to maximise the opportunities available to it as the global online gaming market continues to develop and regulate.

"The Group has had a solid start to the new financial year with NGR in the first two months 17% above the same period last year."

run for the hills!!

talks terminated


Offer Talks Terminated
Date : 10/10/2011 @ 12:40
Source : UK Regulatory (RNS & others)
Stock : Sportingbet (SBT)
Quote : 37.0 -8.75 (-19.13%) @ 12:47
Quote Chart Trades Level2


Offer Talks Terminated
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TIDMSBT TIDMLAD

RNS Number : 8915P

Sportingbet PLC

10 October 2011

Not for release, publication or distribution, in whole or in part, in or into or from any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction

For immediate release 10 October 2011

Sportingbet plc ("Sportingbet" or "the Company")

Termination of Discussions with Ladbrokes plc

Sportingbet plc ("Sportingbet" or the "Company") announced on 23 June 2011 that the Company was in discussions regarding a possible offer for the Company with Ladbrokes plc ("Ladbrokes"). These discussions have been mutually terminated.

The Boards of Sportingbet and Ladbrokes agreed to end discussions as the parties were unable to agree either a suitable structure or one that delivered sufficient value to shareholders in a meaningful timeframe.

The Company can confirm it is not in discussions with any other party regarding a potential offer for the Company. Accordingly, the Company is no longer in an offer period for the purposes of the City Code on Takeovers and Mergers.

Discussions are progressing with GVC Holdings plc regarding a possible disposal of the Group's Turkish language website. A further update on these discussions will be provided when appropriate.

Andrew McIver, Group Chief Executive, commented: "As stated in the Company's final results announcement last week, the Board of Sportingbet remains focussed on its overall strategy of providing a first class sports betting product and of increasing its exposure to regulated markets. The Board remains highly confident of Sportingbet's prospects as an independent company."

Enquiries:

For further information, please contact:

Sportingbet Plc today announces that its wholly owned subsidiaries, Sportingbet Holdings Limited ("SHL") and Interactive Sports (C.I.) Limited ("ISCI"), have each entered into a conditional binding agreement to acquire the entire issued share capital of, in the case of SHL, Danbook Limited ("Danbook") and, in the case of ISCI, Scandic Bookmakers Limited ("Scandic"). The aggregate maximum consideration payable for both Danbook and Scandic is 8.5 million.

Danbook and Scandic are both focused on the Danish market, where they offer customers a full range of fixed odds sports betting, casino, poker and games. Denmark has passed regulatory legislation that comes into force on 1 January 2012, with the first licenses due to be issued on 15 December 2011. Sportingbet views this regulatory framework as representing a commercially viable opportunity, and has already applied for a licence. The combination of Danbook and Scandic with the existing Danish businesses of Sportingbet and the recently acquired Centrebet will transform Sportingbet into one of the largest players in the Danish market.

The deal is expected to close early in 2012 following the satisfaction of conditions including the successful award of new Danish gambling licences to both Danbook and Scandic, and the launch of websites compliant with the new Danish regulations. The maximum aggregate consideration payable across both transactions comprises 4 million of cash and 0.5 million of Sportingbet shares payable immediately on closing, with a further 4 million of cash to be paid across both transactions following the successful migration of the businesses of Danbook and Scandic onto the Sportingbet platform.

StockMarketWire.com
Sportingbet has proposed the disposal of the Turkish language website and associated offshore assets for a minimum consideration of 125 million in cash to East Pioneer Corporation B.V. which is supported by a services agreement with GVC Sports B.V. a subsidiary of GVC Holdings plc.

The disposal is structured to be a three year earn-out followed by a balancing final payment.

Disposal of organisation and promotion of Turkish language gaming activities, effective immediately upon Completion.

The transaction is in line with the Group's strategy of increasing the proportion of net gaming revenue from regulated markets.

Post disposal, regulated NGR is expected to represent approximately 70 per cent. of total NGR in the current financial year.

Proceeds to be reinvested to enhance growth in the Group's regulated markets, either by specific marketing investment or in-fill acquisitions, or investment in new geographies.

Disposal of Turkish language website and associated offshore assets (the "Business") - conditions precedent satisfied

Further to (a) Sportingbet's announcement on 10 November 2011 announcing that the resolution to approve the disposal of the Business had been approved by its shareholders, (b) GVC Holdings plc's ("GVC") announcement on 16 November 2011 that GVC shareholders had correspondingly approved all necessary resolutions relating to the transaction and (c) GVC's re-admission to trading on AIM yesterday, the Company is pleased to announce that all conditions precedent have been satisfied and that the disposal of the Business is therefore expected to complete after market close on 21 November 2011.