Just seen on Scott Ferguson's twitter feed that another Betfair ad has fallen foul of the ASA - probably part of the reason for the share price falling.
I agree that it still has some way to go though profits should be up this year due to the huge amounts of extra money the Cross Matching will be bringing in.
But there is only so much surely that they can keep taking from the customers, it isn't really a true new revenue area.
Betfair set float price
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andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
"For the second time this month, the UK Advertising Standards Authority (ASA) has upheld a number of complaints against an advertisement from leading online betting exchange Betfair, this time concerning a promotion which was found to have not been administered fairly.
After having one of its TV ads banned earlier this month by the ASA, this time the complaints surrounded an email and website promotion by Betfair."
Source: http://www.gamingintelligence.com/marke ... this-month
"Betfair received 10 complaints in total following an email detailing its ‘Happy Hour’ promotion and a 50% reload bonus advertised on its website. Two players complained after their happy hour bonuses were removed, while seven more had a similar complaint with regard to the reload bonus, and one was instructed to credit his account after taking advantage of the latter"
Source: http://www.egrmagazine.com/news/879747/ ... ults.thtml
Seems people are finding their voice....
After having one of its TV ads banned earlier this month by the ASA, this time the complaints surrounded an email and website promotion by Betfair."
Source: http://www.gamingintelligence.com/marke ... this-month
"Betfair received 10 complaints in total following an email detailing its ‘Happy Hour’ promotion and a 50% reload bonus advertised on its website. Two players complained after their happy hour bonuses were removed, while seven more had a similar complaint with regard to the reload bonus, and one was instructed to credit his account after taking advantage of the latter"
Source: http://www.egrmagazine.com/news/879747/ ... ults.thtml
Seems people are finding their voice....
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mulberryhawk
- Posts: 165
- Joined: Thu Oct 29, 2009 12:37 am
They are on CMC markets spread betting platform as of today I noticed.
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andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
Still dropping like a stone - new low and can't be long until it falls below 800p. Currently 812p 
Interesting - I wonder what's causing the fall...
Perhaps the market realise that, following recent legislation, Betfair aren't going to get a foothold in the US for years and years (if ever), and that's the only market that would offer the chance of significant expansion. Also, until there's an improvement in the economic situation in this country, Betfair's revenues can only go in direction...
Jeff
Perhaps the market realise that, following recent legislation, Betfair aren't going to get a foothold in the US for years and years (if ever), and that's the only market that would offer the chance of significant expansion. Also, until there's an improvement in the economic situation in this country, Betfair's revenues can only go in direction...
Jeff
andyfuller wrote:Still dropping like a stone - new low and can't be long until it falls below 800p. Currently 812p
I think the initial investors were either hoodwinked, or didn't do their homework
We all know BF are in decline
They have saturated the UK market, are struggling to achieve the same level of success elsewhere, and exposure to the USA seems a very distant possibility
Their current turnover is only increasing due to increased charges on their existing customer base. This cannot continue forever and won't
I will actually be quite surprised if BF are still in business in another 10 years
We all know BF are in decline
They have saturated the UK market, are struggling to achieve the same level of success elsewhere, and exposure to the USA seems a very distant possibility
Their current turnover is only increasing due to increased charges on their existing customer base. This cannot continue forever and won't
I will actually be quite surprised if BF are still in business in another 10 years
I think they have a consultant in Asia, but that's all I think? Betfair were significantly overvalued when they floated so I think the fall really represents that move back to fair value.
I also think there is quite a bit of selling pressure exacerbated by people cashing in share options. This accelerates when the price is falling in my experience.
I also think there is quite a bit of selling pressure exacerbated by people cashing in share options. This accelerates when the price is falling in my experience.
They could be missing a bit trick in that case, especially given the improving economic fortunes of countries like India and China.
BTW, I wonder whether someone caused the Betfair chart to drift between mid March and the beginning of April, so that they could they could trigger stoplosses before causing it to steam again...
Jeff
BTW, I wonder whether someone caused the Betfair chart to drift between mid March and the beginning of April, so that they could they could trigger stoplosses before causing it to steam again...
Jeff
Euler wrote:I think they have a consultant in Asia, but that's all I think?
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