snaptastic - 2 Jun'07 - 10:12 - 16347 of 16349


found it... lets hope the sunday papers get hold of this tomorrow as well....

Online betting firm Sportingbet rose 6.8 per cent to 54p as talk of a 90p-a- share bid from Austrian rival Bwin resurfaced. A note from Dresdner Kleinwort also rated the stock a buy, citing that its third-quarter results "should continue to reflect a successful rebuilding of the business" eight months after a US ban on internet gambling sank Sportingbet's and other company's share prices.

http://www.ft.com/cms/s/e684be0a-10a6-11dc-96d3-000b5df10621.html

treborbob - 2 Jun'07 - 10:28 - 16348 of 16349


When are people going to get it into their heads! The gambling fraternity is Universal. My local betting shop is now full of Chinese, polish and Brazilians, This business was never going to begin and end in America! Watch it monday AM.
Good luck all.

GuyThomas - 2 Jun'07 - 11:00 - 16349 of 16349 edit


looks like 90p bid is official...we're gonna be rich monday!

VIENNA (Thomson Financial) - "Shares in BWIN Interactive Entertainment AG were down sharply in midday trade as the market reacted negatively to rumours that BWIN might launch a 90 pence per share bid for Sportingbet PLC, dealers said.

At 12.35 pm, BWIN shares were down 7.98 pct at 26.87 eur, while the ATX index was down 0.42 pct at 4,896.36.

Analyst Leopold Salcher at Raiffeisen Centrobank said that he was surprised at talk of a 90p per share bid, which he said was 'very high' in light of earlier market rumours that had placed any takeover bid around 60 to 65 pence per share.

At the rumoured level, BWIN would almost certainly need to undertake a capital increase to finance the acquisition, which would weigh down on the company's shares, Salcher said.

In addition to the rumoured bid price, the shares' sharp decline reflected market concerns about the general wisdom of such an acquisition at this time, according to Salcher.

The analyst said that press reports suggesting that BWIN was close to inking a three year sponsorship deal with Real Madrid worth 20 mln eur were unlikely to be impacting the share price, as BWIN would be getting a 'bargain buy' at the reported price."

harrycat/maestro
Looking at the developments and facts in the past few weeks, there could be more than certain BWIN may launch a bid for SBT:-

1. For some reason on RNS website it is not showing all BWin dealings since middle of May this year. Click here http://www.advfn.com/p.php?pid=news&cb=1180987617&symbol=L%5ESBT and you will see what I mean

however I am not absolutely certain but it does look like stake building?

2. The company Bwin has been seeking approval from shareholders to raise cash of some 500 million Euros for 'purchase' of company
http://www.moneyam.com/action/news/showArticle?id=1978062

I shall be watching with interest on this one, it looks more than 50/50 that the bid will happen but at what price?. I am sure the 3rd quarter will be impressive only to add reasons why the bidder is interested.