Tag: cash out
Original Betfair investor cashes out
News today that Balderton Capital ‘cashed out’ it’s remaining investment in Betfair.
An RNS notice appeared today showing that Balderton had sold 4,227,170 shares bringing their holding from 4.04% to 0%.
The significance of this is that Balderton were one of the original investors. To quote their website: –
“Balderton’s original investment in Betfair was made in 2000 and it remains one of the largest institutional shareholders post the listing. The partners have been actively involved in the development …
Betfair add Sportsbook cash out facility
Nipped onto the Betfair site this afternoon to sort out some things on my account only to be re-directed to the sportsbook again, sigh.
I was greeted by a re-designed sportsbook page with the words ‘Cash out – BETA’ appearing right in front of me. It appears this is a new function and replaces the link to the exchange saying ‘cash out – you need to use the exchange’. Anybody visiting the home page would be hard pressed now to …
Bert in £3m Betfair cash out
According to a regulatory filing notice issued on the 24th January; Andrew Black, one of the founders of Betfair, ‘cashed out’ £3m worth of shares on Wednesday.
In my experience there can be any number of reasons to sell shares, but only one reason to buy them. So I’m not sure a sale is that significant. Also, he still has 7,817,390 left! When Bert left the board is was a watershed moment for Betfair. It’s never been the same since.…
Connect
Connect with us on the following social media platforms.