Betfair set float price

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Euler
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andyfuller
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Cheers Peter - I wasn't able to catch it this morning so will listen to it later.
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LeTiss
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I always laugh listening to Alex Gersh - he sounds like a character from 'The Sopranos'
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Euler
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He sure does, they mentioned today that he was russian?
PeterLe
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Not sure how Betfair could not 'Notice' £60M! :?

http://www.telegraph.co.uk/finance/news ... dends.html
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Euler
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That quite a basic requirement for every company, no matter how small. How odd.
marko236
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The person that turns the markets from pre play to inplay probably does the accounts!
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Euler
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Betfair to return £200m to shareholders

Sportsbook, bingo, casino get a mention but couldn't see any mention of the exchange

http://corporate.betfair.com/media/pres ... -2014.aspx
BabyArber
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Maybe you should invest in a few shares (assuming you don't have already of course!) and eek back some of that premium charge!
:lol:

Did you attend the webcast presentation at 10:15?

I wonder if they mention the ugly sister (exchange) in that presentation!?
steven1976
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You have to give them credit as far as running a business. I know all the PC boys wont like it but where they started out with 5% charges would not have been sustainable to run the business in the long term. They have moved on from there and done a few good things. I think the cash out was probably one of the best things they have for the casual user sat in the pub or at a football match.

A couple of questions Peter, which I would imagine you could clarify for me.

When they talk about revenue being up because of "Gaming cross-sell", is this referring to simple cross matching they talk about or something else?

"unusually high gross win margins", what does this mean?

ste
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Euler
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I think the issue most exchange users have is they have achieved it by not pushing the unique proposition that is the exchange, but by diverting business from the exchange and charging people more on the sportsbook. I mean, this is exactly the world we left behind us but we appear destined to sink back to that level. That's depressing, not just for us but for the gambling world in general.

I guess the only way the exchange will become dominant again is if a competitor steps in to shake things up.
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Euler
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steven1976 wrote:When they talk about revenue being up because of "Gaming cross-sell", is this referring to simple cross matching they talk about or something else?

"unusually high gross win margins", what does this mean?

ste
All sportsbook talk.

Basically they have become really good at getting recreational punters and getting them to play bingo etc.

Sportsbook has had favourable results.
steven1976
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My biggest edge has been understanding who the market is. It offers so many opportunities.
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Euler
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Betfair CFO has sold 20,000 shares worth nearly £300k

http://www.investegate.co.uk/betfair-gr ... 05041529Z/
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Euler
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Betfair shares have rocketed 15% after their results this morning -

http://corporate.betfair.com/media/pres ... -2015.aspx

The sportsbook is here to stay it seems. It's odd how people are willing to punt stupidly but not take the care and effort to get value. I guess that's the market?
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