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?

This is a massacre market...

BETonSPORTS says anti-gaming move to fail
Fri Jul 14, 2006 09:59 AM ET


LONDON (Reuters) - Online gaming group BETonSPORTS (BSS.L: Quote, Profile, Research) is confident an attempt in the United States to ban Internet gambling will fail, it said on Friday, adding that the World Cup tournament had boosted its Asian operations.
It said current trading had followed the positive outlook it gave in May and that the World Cup had delivered over 10,000 new Asian players for its Easybets, Hooball and 777ball sites.

The U.S. House of Representatives on Tuesday approved a Republican-written bill to crack down on Internet gambling, in what critics said was an election-year appeal to the party's conservative base.

"We continue to believe that the likelihood of the bill passing the Senate is remote," said Chief Executive David Carruthers.

BETonSPORTS shares fell 1.4 percent to 145 pence by 0838 GMT, against a broadly weaker leisure sector, valuing the group at around 130 million pounds.

"Hooball.com and 777ball.com have high soccer profiles, and I am in no doubt that through these brands the World Cup has given instant impetus to the business," Carruthers said.

Analyst Wayne Brown at Altium Securities called the Asian customer acquisitions impressive but noted that the region accounts for less than 6 percent of group profit.

"We await a further update where we can get a clear indication of whether the impact of the World Cup is a spike or whether current momentum can be maintained," he said in a research note.

Altium set a target price for the stock at 180 pence based on a calculation of 9.8 times its estimate of BETonSPORTS's 2007 earnings per share.

"We believe the sub-sector will be re-rated when it becomes apparent that prohibitive legislation will fail to pass the U.S. Senate," said Brown.



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Oops Lanayel....u got it wrong......sub 200 pence today....better off sticking with DMR.

PS. Your comment was a bit of a rampish nature.

There (LaLa) speaks (types) the biggest ramping pump and dump git on the internet Best thing you can do with DMR is stick it up yer arse!

unbelievable!!! what a fucking day.

SueHelen posting on a proper thread !!!
Good grief.
Yes I admit I have been hit very hard with this one.
Normal research goes out of the window (unfortunately) when the Americans get a bee in their bonnet.
I can afford to hold (which I fear may not be the case with many shareholders).
Common sense suggests the fall in the SP is a huge over-reaction but how long it will continue is anybodys guess.

Ian

I think this is yet another case of doing your own research & investing in companies which have a strong management structure & are well run. All gambling stocks are risky, but SBT is one of the least so.
For those people who have some spare cash, SBT & others are a good buying opportunity, but keep locking in profit. The problem of the Americans trying to ban internet gambling in the U.S. is not going to go away, so every time this hits the headlines, the share price will take a big hit.
A company called PLAYTECH suffered the same fate as all the others, but has absolutely nothing to do with the BetonSports fiasco.
So, based on the risk factor, I cannot see any arguement for holding on to this stock for a long term investment. Regular trades, locking in regular profit.

Harry

Hi has anyone recently bought or kept these shares ahead of tomorrow's US law bill supposingly to be passed. Does anyone think the shares are going to fluctuate like crazy before the outcome?

How or when do we find out whether the bill has been passed?

This is one of the best places to find news on gaming companies.
Nothing there yet.
www.theonlinewire.com/articlelistall.aspx

Harrycat found this interesting read

http://www.onlinecasino.org/news/poll-91-in-usa-dont-want-a-online-gambling-ban-hr-4411-1311.php

Hmmm.
That's all very well, but popular opinion doesn't always affect policy decisions.
(Most people want the death penalty reintroduced & community charge to be scrapped. Neither will happen in our lifetime.)
However, one arguement is to tax gambling revenues in the U.S. Once they find a way of doing this effectively, then they may change their minds.

SBT has very good results and the recent trading update was encouraging. I jumped in as soon as the fuss started and bought SBT and PRTY there's been a nice bounce up so far and IMO much higher to go. The Senate has broken up for the summer now and there's not much support for the bill anyway so unlikely to rear it's head again until after the Nov elections over there. I'm holding and hoping!

There is normally a restistance level of 300p & then 400p for this stock.
I am still holding and am targeting just under 300p for my first sell.
Keep locking in profit.

Harrycat and moneyplus....
what did you guys think of the big jump in shares late Friday, I was surprise by the speed of the rise. I think the conifidence is returning in internet gaming sector, for the likes of 888, PRTY and SBT. However it will remain volitile whenever there is news relating to the Bet on Sport.

Exactly that. I can see no reason that SBT shouldn't reach it's 400p level as confidence comes back to this sector. In november, when the americans start looking at this again, then maybe that is the time to get out & take profit, but don't forget that the SBT dividend date is late december.

it is unlikely to reach 400p this year purely on the basis that the americans will start investigating again later this year. However the current share price of 272p does offer scope for at least a 15-20% gain in the next 3 months.
Not bad in the great scheme of things.

Ian

The price has reached 288 this morning, partly due to a big trade of 125000 shares. I think that your estimate of 15-20% is a little understated, particularly as the main reason for the fall in the first place was the BetonSports fiasco. But, as you say, 20% is a very good return.

The saga rolls on & gets worse for some.
Hopefully the fallout from this will not affect SBT again:

http://www.theonlinewire.com/articleView.aspx?ID=1251

For those of you who are interested, it would appear the boss of SBT has other interests in these troubled times!!!

http://www.thisismoney.co.uk/news/article.html?in_article_id=411629&in_page_id=2

Back to 200 pence soon lanayel...wot a stinker of losses you've had with this one. No wonder u bitter and taking it out on others.