{"id":8880,"date":"2013-09-13T08:20:59","date_gmt":"2013-09-13T07:20:59","guid":{"rendered":"http:\/\/www.betangel.com\/blog_wp\/?p=8880"},"modified":"2013-09-21T05:43:15","modified_gmt":"2013-09-21T04:43:15","slug":"andrew-black-betfair-shares","status":"publish","type":"post","link":"https:\/\/www.betfairtradingblog.com\/blog_wp\/2013\/09\/13\/andrew-black-betfair-shares\/","title":{"rendered":"Bert sells more Betfair shares"},"content":{"rendered":"

With Betfair shares now approaching \u00a310.55, seemingly a bit ahead of current events. Andrew Black, founder of Betfair, sold another tranche of shares yesterday. The sale amounted to 600k of shares somewhere over \u00a36m in total. This sales leaves Bert with just over 4m shares down from 10.5m back on 14th November 2011. So Bert has reduced his holding by over 60% in less than two years.<\/p>\n

Shares hit a low of \u00a36.50 this year before running up on a the prospect of \u00a0bid (Richard Koch is selling too) and then the current run up. But if you look at the median broker forecasts they are projecting 2015 profitability at a similar level to 2012 and turnover up a fraction. If that’s correct then the shares would seem to be a little ahead of themselves at the moment.<\/p>\n

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With Betfair shares now approaching \u00a310.55, seemingly a bit ahead of current events. Andrew Black, founder of Betfair, sold another tranche of shares yesterday. The sale amounted to 600k of shares somewhere over \u00a36m in total. This sales leaves Bert with just over 4m shares down from 10.5m back on 14th November 2011. So Bert […]<\/p>\n

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