http://www.alexa.com/data/details/traffic_details?&compare_sites=&y=t&q=&size=medium&range=&url=www.sportsbook.com

RESULTS OUT 25TH SEPTEMBER

VIP.COM BIGGER THAN WWW.PARTYGAMING.COM

http://www.alexa.com/data/details/traffic_details?compare_sites=www.vip.com&range=6m&size=medium&y=t&url=www.partygaming.com

What a let down ! Got in quick a couple of weeks ago and look where it got me !
Serves me right to let myself get carried away with all the hype !
Nothing else to do 'cept grin a bare it! and wait for better times..b

Leisure & Gaming said current trading is weaker than expected and it therefore now expects results for the full year to be below market forecasts.

The warning came alongside results for the first half to end-June which showed the online betting and gaming group swinging to a profit before tax of $6.8m, up from a pro forma loss of $0.2m.

Turnover was $339.9m, up 33% from the pro forma figure of $254.7m for 2005.

CEO, Alistair Assheton, said the results for the half year are very pleasing showing continued growth across the business.

He said the recently acquired European business in particular is showing encouraging signs and following this acquisition, the group has growing revenue streams from an increasing number of sources.

'We have a strong cash balance and a solid business model and remain well placed to capitalise on opportunities for growth in the coming periods.'

The first half is traditionally the slower half of the year and Assheton said it is disappointing however, that the performance as the group enters the main sportsbook trading season has been weaker than expectations.

Quite dissapointed today. :(

i would say the directors wanted to buy in cheap...their expectations must be very high..lol!

This from today's Hoodless daily alert..

What The Brokers Say:
Altium reiterates buy Leisure and Gaming, reducing the target price to 150p.

I'm not fussy ! I'll take 150p... as soon as poss. please

to a profit before tax of $6.8m, up from a pro forma loss of $0.2m.

any other sector would have doubled on that result

Lets see if they wanted to talk it down to bag some cheap stock themselves...

Valuation is ridiculous..

yep,seen it all before... watch for director buys next couple of days...