I am a recent buyer of UKB and there results announced today seem to be good. Anyone know why their share price dropped on this seemingly good news?

Tipped in the Sunday Telegraph - could be a good Monday.

>> Master RSI

Not sure why you think the technicals look bad. 20 and 40 DMA are both rising. I am confident, for now.

rgrds
gk

Here's that article. Not sure about the PE ratio of XX ??

UK Betting

There has been much hype recently about the success of online gambling. UK Betting (53.75p) looks well placed to take advantage of this fast-growing business. While it offers the usual range of gamb-ling and gaming options, it also has a huge amount of sports content on its network of websites. UK Betting claims it has 7m users in Europe who regularly use its sites and can then be driven to the betting side of the business.

According to Collins Stewart, the house broker, UK Betting's shares have only risen by 27 per cent over the past three months, compared with an average for online gambling companies of 80 per cent. The company trades on a price to earnings ratio of just XX - far below the sector average - and is expected to post a pre-tax profit of 600,000 in 2005 and 1.8m in 2006. Given the growth prospects, UK Betting looks cheap. Buy.

rgrds
gk

RNS a few minutes ago confirmed that this is a takeover target.
:-)

RNS a few minutes ago confirmed that this is a takeover target.
:-)

Now that revenue from the U.S. has stopped, this has got to be the next step.
Any idea who the bidder might be? SBT or 888?
UKB looks the best of the U.K. based gambling companies, imo. Many of the others are still not profit making and only have a small market share.
The sp is likely to blip up even on the rumour of takeover, so the shorters should be happy to play this for a while.

888 looked at UKB in the past, but no offer was made.

... and UKB has no US exposure so is unaffected by the US legislation.

Of course, that is the attraction of UKB.
Have a look at LNG, which is the total opposite, with big exposure to U.S. Absolute disaster.

Since prize funds are determined by number of users and spend per user, anything with such massive US exposure will be giving away such tiny prize that they won't be worth playing.... unless they can takeover a company with a large number of non-US users... like UKB.