Skip to main content

it's Sunday.. time to bring out Betfair float rumours again

Seriously, which part of a newspaper spouts more crap - the front page of a tabloid, the back pages with transfer rumours during the silly season or the financial pages? For the umpteenth time, a Betfair float is 'imminent' according to the Sunday Times. You can head over there to read it if you believe in Rupert Murdoch's pay-per-view business model, or you can just read one of the many reports regurgitating the same thing like this one...

Betfair gambles on £1.5bn flotation

Gaming giant Betfair is set to press ahead with a £1.5 billion stock market flotation, it has been reported.

The online betting exchange is expected to make an announcement on its plans for an initial public offering within a fortnight, according to the Sunday Times newspaper.


This story reeks of a Ronaldo or Fabregas transfer, it just keeps going on and on and the papers just keep speculating. If you keep throwing darts randomly at dates, eventually they might hit it.

If Betfair do go now, then their analysts and board don't have high expectations for the economy over the next couple of years....

UPDATE:

Rumours are very strong according to company insiders, with one former colleague plugging brokers and tax accountants to ex-employees....

Comments

  1. I'm quite interested in what will happen with Betfair's IPO as well. We created a contract at Smarkets so we can have some real money speculation rather than rumours.

    Buy the rumours, sell the news.

    http://smarkets.com/current-affairs/finance/betfair-ipo-2010

    ReplyDelete

Post a comment

Thanks for your comments, but if you're a spammer, you've just wasted your time - it won't get posted.

Popular posts from this blog

Preview de la Prix de l'Arc de Triomphe 2020

The European flat racing season comes to its natural conclusion in this messed up hell of a year. The queen of the turf, Enable, goes for an historic third win but it has been wet and cold all week in Paris, making it a tough old slog in deep ground. There won't be much of a crowd there to 'bring the house down' if she wins, in front of no more than 1000 paying spectators, but the racing world will be tuning in across the globe. =============================================== Prix de L'Arc de Triomphe   ParisLongchamp, 1605 local, 1505 BST, 0005 Monday Sydney time.  2400m, Group 1 Weight-for-Age, (no geldings)  Approx €3m.  Expected Going - Heavy.  1.Persian King - 4yo, Kingman/Pretty Please - Andre Fabre - Pierre Charles Boudot   Star French colt stepping up to a mile and a half for the first time. Won the French 2000 Guineas (Poulains) on heavy ground but ran fourth (only time in his career finishing worse than second) in the Jacques Le Marois, almost nine lengt

lay the field - my favourite racing strategy

Dabbling with laying the field in-running at various prices today, not just one price, but several in the same race. Got several matched in the previous race at Brighton, then this race came along at Nottingham. Such a long straight at Nottingham makes punters often over-react and think the finish line is closer than it actually is. As you can see by the number of bets matched, there was plenty of volatility in this in-play market. It's rare you'll get a complete wipe-out with one horse getting matched at all levels, but it can happen, so don't give yourself too much risk...

The Melbourne Cup preview 2019

We're back again for the greatest race on turf, the world's richest staying race and the only race in the world which creates a public holiday for millions of locals. Once again a fine international field has been assembled and it's worth a deep look at the race. So get a cuppa and find a comfortable seat to plough your way through my preview! -------------------------------- The Lexus Melbourne Cup Group 1, Handicap, 3200m AUD 7,750,000 Flemington 1500 local, 0400 GMT Broadcasters - Network 10 (AUS), Racing.com (worldwide), SkySportsRacing (UK) 1. Cross Counter Trainer - Charlie Appleby (one previous Cup win) Jockey - William Buick Breeding - Teofilo - Waitress Drawn 5, Weight 57.5kg Last year's impressive winner who doesn't get the 3yo weight advantage this time. Won first up at Meydan in March but has run fourth, third, fourth in the big set weights staying races in England and Ireland, never quite making it as the next big staying star. W