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?

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.

JB
did you enjoy that Drink !! : )

just another point, there does not seem to be many people in our share discussion room who held these gaming share. I have been trading them for quite a while now. I will let you know if I hear any news over the week end that I think you shold know about.

smiler, i did enjoy my drink. I went to the local pub and had a few bacardi and cokes and listened to a live band. It was very good. I got home around 12.30. Needed to relieve the stress built up over the week. I wiil keep an eye on the news re oxus this weekend and let you know also if anything is said that i think you should know about. enjoy your weekend peter and smiler.

news out channel bbc on television teletext page 102 have a quick look. Peter Dicks ount on bail. Passport taken from him. Back in court next week to try and get permission to get passport back and come back home till court case. in a nutshell.

Times on line and independent talk of shares being relisted next weeek -no position at the moment but went on holiday with 2 open positions in this and nlr-apparently sbts execs were in the states in July when they were open,luckily for me they werent caught, thats the last time that happens!.Best of luck if you hold.Ill be trading them when they relist.

good new if shares are going to be relisted next week. The situation must have now settled down. I do not hold any shares in sportingbet, but I do have a lot of partygaming. Hope shares start to look up then next week.enjoy your weekend.

Closed my short (at a profit) recently, only becuase I won't be around to monitor proceedings. Still think the chart is shit and 1.70 is a good target.

pth

soory to bring a bucket of cold water, but huge article in today's Sunday Times (not read it yet) re on-line gaming ...... I reckon shorting almost any company in this sector next week will reap dividends, though my equal guess is that these shares will already have been heavily marked at opening tomorrow.

peter 123 are you going to hold? I am not sure at the moment. I am getting more concered about the gaming shares. I hope they do not fall too much tomorrow.