I have been offered shares before they come to market in a company called UBET2WIN PLC.they are being offered through a company called catalyst investment group i have never heard of this company has anyone else if so positive or negative.your help required cheers woodie

taken a new look at this today as it has reached a new low, still not tempted at this price, no good news has been released by the company since my last post.it is now trading below the price it came to market at 2.5 pence still not good value.dyor

now only 0.25p to sell?

Good grief, it does look very bad for UBT......

I still have about 70,000 in an EIS scheme, I should have sold them long ago.

Time for the management to prove themselves, and steer the business out of this hole.

neil i think it is to late unless shareholders cough up the website is taking to long to get any serious revenue good luck

Ubet2win plc ('the Company')



The Company has now carried out its review of the performance of its racecourse
operations. As a result of continued poor performance it has decided to sell off
the remainder of its English racecourse pitches and reports that it has sold its
pitches at Ascot and Aintree for the sum of 22,500.The remaining English
pitches have been agreed for sale completing in early 2007. The total sale
proceeds of the pitches will be 160,000 - which will include the proceeds of
the pitches at Cheltenham and York as announced at the time of the interim
results - compared to a book value of 335,000. The turnover generated by these
pitches totalled 290,000 in the last year. Unfortunately the sale of these
assets will result in a substantial write down in their value on the Company
balance sheet, mainly due to the poor performance of the pitches in 2006.


Regarding the Irish pitches it has been decided to only operate at the major
Irish meetings which are making a significant contribution to the company. The
remainder of the pitches will be sold.


The Company will now concentrate on further development of its on-line gaming
business where the Company sees its future and substantial growth, and the
proceeds for the sale of the pitches will assist in this process.


As part of this plan, the Company has agreed with Betsol, an on-line gaming
solution business, to put in place the systems necessary to allow the company to
establish & operate an affiliate scheme for on-line gaming. The Company has had
numerous requests from companies to become affilited

6 March 2007



Ubet2win Plc ('Ubet2win' or the 'Company')

Trading Update and Strategic Review of Operations


On 21 November 2006, the Company announced continued poor performance of its
racecourse operations, the disposal of its remaining English pitches and the
decision only to operate the Irish pitches at major meetings.

The Company is due to announce its results for the year ended 31 December 2006
and the indications are now that the Company will report a significant loss for
the year.

In particular, the remaining Irish pitches during this period incurred
continuing losses. Given the continuing difficulties in the industry as a whole
the Board resolved to cease operating all their pitches this year and is
considering a disposal of those pitches. Accordingly, it is in discussions with
Mr Gerry French, a Director of the Company in this regard and were such a
transaction to proceed with Mr Gerry French, it would be a related party
transaction and require to be dealt with in accordance with the AIM Rules.

Similarly, the online betting side of the business, whilst achieving turnover in
excess of 1.6 million in the period, has traded at a loss and the Board has
resolved to undertake a strategic review of the future of the business. Given
the lack of working capital, online operations have been significantly curtailed
this year.

The Group has indebtedness of some 570,000 and will seek to negotiate with the
respective parties (including Mr Gerry French) regarding those debts.

The Company hopes to make a further announcement in due course regarding the
outcome of its stategic review and the renegotiation of its indebtedness.



Contact:

Jonathan French, Ubet2win Plc 07917 891079

Roland Cornish, Beaumont Cornish Limited 020 7628 3396





This information is provided by RNS
The company news service from the London Stock Exchange

TSTZGGGFDVMGNZM

Well, that looks like the end of this Company to me....
No business, and no credibility....
I still hold quite a lot of shares in this disaster through an ARC EIS scheme, guess I have another tax loss to claim !!!

neil sorry to hear you are still holding them,why not see if you can ditch them before it is tp late worth a try.

Hi Woodie,

I did think about telling them to sell, but it doesn't make sense financially.

I think the original stake (circa 70,000 shares) cost about 1000, on which I got 20% (200) tax relief.

At a selling price of 0.25p, the shares are worth about 175 less dealing costs, but I would have to repay the tax relief, so it isn't worth it......

neil still cant understand pis buying in now

I know, with the price spiking up a little it would appear that there is a bit of buying going on..... Strange time to be purchasing, maybe they know something we don't !!!!!

Ubet2win announces unsustainable losses

Ubet2win has labelled its current position as 'unsustainable' after posting a pre-tax loss of 925,000 for the year ending 31 December 2006. Chairman Gerry French cited continuing difficulties with its racecourse business and customer acquisition costs as reasons for its loss, despite a growth in turnover to 1.7 million.

In a statement to the market, chairman Gerry French said, "It is most disappointing to be reporting such heavy losses during what is still very much a time of development for the company.

"Due to continuing difficulties with the racecourse part of the business, and because of the heavy costs incurred in marketing and developing the online gaming aspect of the business, heavy losses were incurred in the year. The losses recorded were unsustainable and as a result it was decided that a wide ranging review of all aspects of the company's business should be undertaken. This is still ongoing," he continued.

"It is hoped that the ongoing review, and decisions arising from it, will result in much improved performance in the coming year."

still looks grim.

I started a company in the same sector at the same time as UBT. Our business is booming and very profitable. UBT is a shambles and always has been, you should lay the blame firmly at the door of the managment.

01 October 2007


NOTICE

(630)

01/10/2007 7:30am

TEMPORARY SUSPENSION OF TRADING ON AIM

UBET2WIN PLC

Trading on AIM for the under-mentioned securities has been temporarily suspended
from 01/10/2007 7:30am pursuant to AIM Rule 18.


Ordinary Shares of 0.1p each (B0D9FH5)(GB00B0D9FH53)
fully paid

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(updates with further detail)

LONDON (Thomson Financial) - Racecourse and online gaming operator Ubet2win PLC said its first half results have not been completed under IFRS and, accordingly, trading in its shares has been suspended pending publication and notification of the results.

In a statement, chief executive Francis French said a high level of losses had been incurred during the period, covering the six months to end June, with the company 'unable to develop as planned'.

Due to these continued losses, the company closed a number of its operations during the year, reflecting the reduced level of turnover.

French said the board had decided it should no longer lay bets through its internet website as the online software system was defective causing operational faults resulting in controls within the system being ineffective.

'A claim has been made to the online system provider for the return of all funds paid for the system and the servicing of it but to date the system provider has not acknowledged this,' he said.

The company said it would have to raise substantial new funds if it is to relaunch its online gaming business, as this would necessitate the purchase of a new online software system.

In the meantime, the company is continuing to generate its trade through the Betfair betting exchange.

In addition, Ubet2win said it has ceased trading from its pitches at racecourses in both England and Ireland 'as these were costly to operate and were continually suffering losses'.

The English Racecourse betting pitches were sold off and the Irish Racecourse betting pitches will be 'sold at the earliest opportunity' but in the

meantime are being rented our on a day-to-day basis, it said.

The company admitted it depends on the continued support of its two main creditors - French himself and Headstart Glogal Fund Ltd - in order to continue trading.

Both creditors have aggregate loans outstanding of over 600,000 stg.

'Presently, this essential support is forthcoming whilst the company seeks to find a way out of its difficulties. It is hoped that with the huge reduction in operating costs and overheads that the company's trading will soon be at break even and that the future can therefore hopefully be secured,' said French.

The shares closed at 0.2 pence on Friday, valuing the business at less than 400,000 stg.









matthew.scuffham@thomson.com

msc



COPYRIGHT



Copyright Thomson Financial News Limited 2007. All rights reserved.

The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.





(updates with further detail)

LONDON (Thomson Financial) - Racecourse and online gaming operator Ubet2win PLC said its first half results have not been completed under IFRS and, accordingly, trading in its shares has been suspended pending publication and notification of the results.

In a statement, chief executive Francis French said a high level of losses had been incurred during the period, covering the six months to end June, with the company 'unable to develop as planned'.

Due to these continued losses, the company closed a number of its operations during the year, reflecting the reduced level of turnover.

French said the board had decided it should no longer lay bets through its internet website as the online software system was defective causing operational faults resulting in controls within the system being ineffective.

'A claim has been made to the online system provider for the return of all funds paid for the system and the servicing of it but to date the system provider has not acknowledged this,' he said.

The company said it would have to raise substantial new funds if it is to relaunch its online gaming business, as this would necessitate the purchase of a new online software system.

In the meantime, the company is continuing to generate its trade through the Betfair betting exchange.

In addition, Ubet2win said it has ceased trading from its pitches at racecourses in both England and Ireland 'as these were costly to operate and were continually suffering losses'.

The English Racecourse betting pitches were sold off and the Irish Racecourse betting pitches will be 'sold at the earliest opportunity' but in the

meantime are being rented our on a day-to-day basis, it said.

The company admitted it depends on the continued support of its two main creditors - French himself and Headstart Glogal Fund Ltd - in order to continue trading.

Both creditors have aggregate loans outstanding of over 600,000 stg.

'Presently, this essential support is forthcoming whilst the company seeks to find a way out of its difficulties. It is hoped that with the huge reduction in operating costs and overheads that the company's trading will soon be at break even and that the future can therefore hopefully be secured,' said French.

The shares closed at 0.2 pence on Friday, valuing the business at less than 400,000 stg.









matthew.scuffham@thomson.com

msc



COPYRIGHT



Copyright Thomson Financial News Limited 2007. All rights reserved.

The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.