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?

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.

More possible fallout which may affect SBT:

http://www.theonlinewire.com/articleView.aspx?ID=1307

Maybe that's what is knocking the share price at the moment???

Anyone out there familiar with interpretation of graphs?
If I am not mistaken, the current head & shoulders will signify a downturn.
For those who have not already taken profit, perhaps now best to wait until after the quiet summer months (U.K.) .

Harry

I seem to be following you around, honest I'm not stalking you!!
I haven't had any real interest in SBT until I noticed your remark re the head and shoulders formation. I think you are absolutely correct, classic formation, with only the right shoulder to be completed. This should take the SP down to 165p. All the other TA indicators also point down. MACD histogram and EMAs in a down trend.

Of course I may be proved wrong, and I do realise that my comments will not be popular with those who are long.

Short time tomorrow with a stop at 260p, initial target 165p.

Good luck.

pth

Hi pth.
Over the last few years I have done very well out of SBT.
It is a very well run company with strong management, but sadly this market is very susceptible to the merest hint of bad news.
I still hold both short & long positions.
If only SBT would make it clear that they have no connection with BetonSports, the SP should recover again.
One grey cloud on the horizon is the future of internet sports gambling in the U.S. which is an arguement for only holding a short position.
Sub 180p may be a short term buy again.

Harry

With the exception of Gaming Corp I haven't bothered with the betting companies at all, which considering their volatile nature is probably not a bad thing!

As far as the short is concerned, so far so good; the fall today means that I can move my stop to ensure a risk free punt or nearly so. Nothing has changed my opinion of a 165p target and I may add along the way.

pth

Also just noted from the Trades page, 1,000,000 sell at 225.01, hmm, wonder what will happen in the morning? Mind you dunno if it was a sell or buy.

pth

I missed the 1m trade yesterday.
Today a number of big trades going through.
350k were bought at 11.20 a.m. at 230, so maybe someone is expecting a bounce, which seems logical.
Sadly, I agree that the SP will probably dip below the 200 mark. A bit of a rough ride ahead.

I know charts are only an indication of trends, but the current increase in the sp makes our latest analysis look incorrect.
Still, no bad thing for those still holding on!

Any news?

Are you being serious ?

The Chairman got detained by the US authorities today and the shares are suspended !!!!!!!!!!!!!!!

Yes I'd know about it? But any news about the chairman.

I hold shares in this company. What do you think its going to happen? Any opinions would be appreciated.

Sportingbet Peter Dicks' arrest to serve political purposes


Gambling by computer, this is the charge upon which U.K. citizen Peter Dicks was arrested upon his arrival in the United States. The arrest warrant was issued July 12 and is apparently only one of many still outstanding on the case, said Dwight Robinette, spokesman for the Louisiana State Police.

The so-called crack down on online gambling is being pursued by means of ridicule laws. With Bin Laden still at large, Iran building nuclear bombs, North Korea threatening to test them and while hundreds are being slaughtered in Iraq every day, the U.S. Department of Justice chooses to become the World's favorite joke by prosecuting and arresting non U.S. citizens on such ridicule charges.

Bending local laws to support the political stance behind HR 4411 the DoJ violates doesn't hesitate to violate the International Right to please and appease those hardcore conservatives supporters and sponsors of the Internet Gambling Ban.

The arrest warrant issued July 12 should have been notified via consular channels in the U.K. The DoJ knew United Kingdom would have refused extradition because betting via the computer is perfectly legal in Great Britain. Better to cowardly wait for Peter Dicks to show up at U.S. immigration and arrest him on such ridicule charges, exposing the 64-years-old man to the humiliation of the arrest.

This is the same Department of Justice which stated that any form of online gambling, including horse wagering, is illegal. Unlike Dicks, online horse wagering has strong supporters up the political ladder in Washington, making prosecution of such illegal activity unappealing to the hypocrite DoJ.

Bottom-line we believe Mr. Dicks shall be freed with haste and with apology of all the ones involved in the cowardly actions leading to his arrest. Its also probably the right time for the United Kingdom to join Antigua on the WTO front.

Originally Published September 8 2006 10am EST TheOnlineWire.com

I hold quite a few shares in partygaming. The arrest of Peter Dicks has come out of the blue. The news of this happening has cast a shadow over the gaming industry. This will be a test case, and may not come to a deal in the end. At the moment it is the uncertanity that will hang over us until things are resolved. It was a silly move for peter dicks ro travel over there in the first place after what happened to carrufers two months ago. Things seemed to have died down since then. The gaming share seemed to be making a decent recovery. I am sorrry your shares have been suspended, but the company needed to do this to prevent the shares from falling more sharply than they have done. How much did they drop on wednesday after the news? leta just keep our eyes on the situation. See what the financial newspapers have to say over the weekend. keeping my fingers crossed on this one. good luck peter.