Investing in Betfair

[Rubyisgodinthesaddle]

Has anyone invested in BF??

I was considering investing a sum in the company rather than wasting cash actually using the site. Its shares have fell near half since its IPO and wondering at 668p or whatever it is may be worth a good investment.

Company is now valued rock bottom imo and with significant avenue’s to explore in American especially it might be worth a significant punt. It can’t possibly fall more than it is currently.

Any views?

[LUKE]

I’m no expert but your logic that it can’t go lower seems to be based on the fact that the share price was much higher at some stage in the last year.As a general rule the price will rise or fall with the Market unless something happens to make it outperform or underperform in relation to the Market.
I will give you one negative about bet fair it’s customers in general are unhappy with it and see it as money grabbing with poor customer service.

[Rubyisgodinthesaddle]

I agree with everything above Luke but their is significant potential for growth under decent management.

[Mr. Pilsen]

Go on, son, buy a couple what harm can it do.

[Matron]

I thought this was interesting from the

"Betfair said its investment in betting on the move was paying off as it revealed the number of wagers placed on devices such as iPhones and iPads had doubled in recent months. Some 7.4 million bets were placed with online gaming firm on such gadgets in the three months to 31 July, making up a third of all wagers."

One third of wagers – I would have guessed about 10%!

Regards

[LUKE]

Paddy Power is the one that never ceases to amaze me -must be nearly the best performing share on the Irish stock exchange since things went pear shaped.The Irish shops aren’t doing great but profits continue to rise.

[JJMSports]

I thought this was interesting from the

"Betfair said its investment in betting on the move was paying off as it revealed the number of wagers placed on devices such as iPhones and iPads had doubled in recent months. Some 7.4 million bets were placed with online gaming firm on such gadgets in the three months to 31 July, making up a third of all wagers."

One third of wagers – I would have guessed about 10%!

Regards

Betting on smart phones up 94%, tremendous growth over a 12 month period. Expect further growth for the same period. Invest.

[robert99]

I thought this was interesting from the

"Betfair said its investment in betting on the move was paying off as it revealed the number of wagers placed on devices such as iPhones and iPads had doubled in recent months. Some 7.4 million bets were placed with online gaming firm on such gadgets in the three months to 31 July, making up a third of all wagers."

One third of wagers – I would have guessed about 10%!

Regards

Betting on smart phones up 94%, tremendous growth over a 12 month period. Expect further growth for the same period. Invest.

You have to read Betfair statements very much between the lines, "taking off" is expressed, as is the whole interim statement, very deceptively. It only means that some people who used a computer before or some new customers are now using a mobile. It does not mean any more money overall is coming in. In fact, overall, less money is coming in.

Core Betfair revenue down 7% to £80.8m against a record comparative period last year
Actives (people actually using account) in the quarter fell by 18% to 430,000.
Customer funds are now being "managed" whereas before they repeatedly insisted they were "ringfenced".

[ricky lake]

Methinks this Robert Guy knows his stuff , I would listen to him

personally I cannot understand why they drove a pile of their customers to the opposition without a plan B ….its so ridic…..

Ricky

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