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BetFair to be floated

Comments

  • sabretoothtigger
    sabretoothtigger Posts: 10,036 Forumite
    Part of the Furniture 10,000 Posts Photogenic Combo Breaker
    two weeks is fast is this the one government owns part of, guess not
  • Reaper
    Reaper Posts: 7,357 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    I suggest you wait to find out what the offer price is. You can't really make a decision until then.

    However on first glance Betfair don't seem to be doing this to raise investment money for any specific investemment objective. It seems to be more for the benefit of existing shareholders. As such I see no particular reason why the company will grow substantially from the float and at first sight it doesn't seem particularly apealing.

    However these are just my first thoughts. I'll wait and see what the share price is and see what they say about their future plans before making my mind up.
  • ses6jwg
    ses6jwg Posts: 5,381 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Havn't gambling companies been a bit of dog sector since the USA banned online gambling?
  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    Wait til the PO gets floated ;) that'll the be interesting one
  • sabretoothtigger
    sabretoothtigger Posts: 10,036 Forumite
    Part of the Furniture 10,000 Posts Photogenic Combo Breaker
    edited 12 September 2010 at 9:18PM
    RM will be a bit messy because you cant really have competitive delivery without excluding those who would cost more. If its only for the benefit of present owners in both cases it sounds better to wait till after, theres been half a dozen of these type recently entering the top ftse companies and Ive not felt left out for waiting

    ie. ABG ESSR and that online grocer. In general market has been sideways anyway :undecided
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