BET.L Share Price (BET)

Decent results today http://www.risersandfallers.com/2016/03/08/paddy-power-betfair-plc-reports-double-digit-revenue-growth/

Hi all, The RNS is full of articles from banks/funds but I don't know what they mean. Is that all buys? Why is there so much volume? is that because it entered the FTSE100? My shares are doing ok but wondering if I should sell now... How far will it go....? or could it tank and settle at a lower price?

by Daniel Grote on Nov 30, 2015 at 05:00 Citywire Betfair momentum ‘compelling’, says Deutsche Deutsche Bank has upgraded Betfair (BETF) ahead of its merger with Paddy Power, arguing the online betting firm boasts ‘compelling’ momentum. Analyst Richard Carter hiked his target price to £42.00 from £26.50. The shares rose 1.8% to £36.65 on Friday. ‘We are upgrading our recommendation to “buy” as we think (i) Betfair can grow revenues / profits materially above the market growth rate following the relentless focus on product innovation couples with brand investment over the past 24 months, (ii) we see upside risks to forecasts and (iii) the upcoming merger with paddy Power offers the ability to leverage higher returns on incremental investment given the material increase in scale,’ he said. Carter hiked his estimates of revenue growth in the company’s sports and gaming divisions from 10% to 15% for next year and 2017. ‘However, given the group’s market leading products, rising marketing budget of c.£120 million, and UK market share of only c.12%, we think our 15% growth assumption could prove conservative,’ he said.

Betfair boss hits £50m jackpot Peter Evans Breon Corcoran’s shares and options will most likely be converted into Paddy Power stock Published: 29 November 2015

Betfair merger on course as revenues rise Financial Times Betfair, the online bookmaker, has said the planning for its merger with Paddy Power is in “reasonable shape”