Thursday, 9 December 2010

Betfair shares rebounding

Britain starts to thaw out and Betfair's share price starts to rise again. As I surmised last week, the icy weather appeared to be the trigger behind the plunge in price down to a low of 1150p on Friday. Seven days later, it's up over a pound to 1263p.


No different to bookmakers' share prices around Cheltenham, the Grand National and World Cup - good results = expectation of greater profits = share price rises. Loss of revenue via favourites all winning or lack of racing = decline.

1 comment:

  1. At least nobody could accuse you of not giving a balanced view :)

    I seem to be in a minority of one because I still feel they are overvalued.... Wouldn't surprise me in the least if they dipped below the £10 mark in the not too distant future - New Markets opening to them notwithstanding.

    If the shares themselves were not so 'Closely Held' I think they would already be sub £10.

    This analysis btw is not a rant against Betfair or anything else it is just my opinion. As said before I still have a lot of admiration for the Sports Book side of things, it's just the rest of it that leaves me cold.

    Seem to me if you don't want to do your brains on the Arcade or Casino they are not particularly interested in you unless you are a Bot paying the PC or similar.

    Shame but a sign of the times I guess - I'll just do my brains on Betdaq instead :)

    Just lastly I am sure you know about it already but have you looked at www.advfn.com - similar to MoneyAM but an alternative if required.

    Good Luck
    SP

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