Tag: shares
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 and CVC terminate takeover talks
Full statement here – https://www.betangel.com/forum/viewtopic.php?f=35&t=2623&start=266
Looks like I was right to sell into the market. It will be interesting to see what price the shares open at this morning. Highlights of the statement: –
Following the announcement of the trading and strategy update, the Board received a revised proposal from the Co-offerors (the “Revised Proposal”) on the evening of Friday, 10 May 2013. The Revised Proposal valued each Betfair share at 920 pence per share in cash. On the morning …
Short Betfair!
Page seven of the business section in the Evening Standard today. Thought you may want to see it.
Basically they are saying short because of the GC stuff, which we know is not an issue anyhow, so a poor piece of journalism there. But also because the share buyback has supported the price and that is about to end. I’d say that was a better piece of insight.
Overall, It is going to be a big sporting year so I …
Betfair results due out tomorrow
If you can get up early tomorrow morning you will be able to see Betfair’s H1-12 results. The first since the introduction of the most recent premium charge announcement and various other factors. It will be interesting to see what impact all the news coming out of Hammersmith this year has had on the underlying business. It feels to me like growth has slowed, but that they will be able to boost the bottom line thanks to their very aggressive …
Betfair AGM pt. 2
Having been to many AGM’s in the past I didn’t expect much from Betfair’s first AGM.
I almost didn’t get in as Betfair were blocking access to people who have nominee accounts. Not many people own shares directly any longer, but I’d never been blocked access to an AGM before despite this. However, I had contacted Betfair directly before the AGM to indicate that I was going to attend; so this piece of foresight was enough to get over this …
Betfair AGM
By the time you read this I should be ensconced in my position at the Betfair AGM.
When Betfair listed I took a look at the prospectus and felt the company was fairly richly valued given the outlook and nature of the IPO. I wrote for a financial magazine for three years in another life, so I was in a great position to be a judge of the IPO. I put pen to paper and detailed my rationale which was …
Half price sale underway
When Betfair floated I got some stick for saying they were overvalued and they were not a buy. This wasn’t a statement on Betfair’s business or business model, more the price it was selling at.
I first started taking an interest in the stock market in the mid 80’s and five or so years later I started investing. One thing I learnt is that if a company IPO’s and sells some of it’s stock it will do so at the …
Betfair flotation WILL go ahead
Read full details here: –
https://corporate.betfair.com/investors.asp
As an active private investor I’ve been valuing companies for years. When a company IPO’s to fund expansion this is usually seen as a good sign, raising low cost captial to expand. When a company IPO’s to acquire, there is some risk but the rationale can be justified. The final type of IPO is an exit strategy, a chance for shareholders to cash in at the highest price and to sell some of their …
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