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I've and average of 67 but thinking of trying to take that average down again.

Sorry for posting so much this morning, but I'm just as bit baffled.

I do think it is perhaps a chance to add in the 50s? Anyone else of the same opinion?

Could today's massive drop be as a result of the short position taken the other day selling up their shares?

if yes, could we re-rate back to yesterday's SP pretty quickly?

In the past we have tended to bounce back in a month or so.

Less than 2 years ago....when this business was in an arguably worse position than it is today....there was an offer on the table at 156p per share to buy the business.

The Board at that time turned it down.

We since have had board members buy huge amount of shares at prices ranging from 85p - 110p, included the now CEO who has nearly £2m of his own money in.

Yet we are languishing at 59p...........if it was good enough to buy less that 2 years ago , how come in a better position now we are not on the radar of anyone, and SP is terrible

Can anyone who has looked into it in more detail tell me how we've a loss of £28m this year vs a profit of £30m last year, however we have had an increase in Revenue and Ebitda.

Does it state anywhere that we have made a payment towards the debt?

I know there was an expense to exiting USA ( was it £40m?)

There is a mention of £79m in expenses which has impacted the bottom line .....anyone know what this is?

Statement in January ( WHICH WAS SEEN AS A POSITIVE) included the following points

- Revenue Growth Q4 - 12-13%

- driven by online growth of 18-19%

- Revenue Growth for H2 was forecasted to be around 8% ( this was against a poor H1 -indicating a turnaround)

- adjusted Ebita expected to be at the high end of £300- £310m

They also mentioned in this update that they had some operator friendly sports results H2 2024 ( BELIEVE ME MARCH 2025 SPORTS RESULTS WILL BE AS GOOD AS THEY HAVE EVER SEEN AT CHELTENHAM - so that bodes well for H1 this year)

What have they confirmed today

- H2 Adjusted EBITDA of £197m represented 33% growth year-on-year and 71% growth half-on-half driven by return to revenue growth, strong cost control, and increasingly efficient operating model. FY24 Adjusted EBITDA margin of 17.8% with H2 Adjusted EBITDA margin of 22.1%

- Adjusted EBITDA increased by 4% to £312.5m, c.£2m ahead of the top end of January 2025 Post-Close Trading Update guidance range ( PRETTY MUCH WHAT THEY CALLED)

- UK&Ire online revenue grew 5%, but was accelerated in H2 ( up10% year on year in H2)

- International online grew by 10% cc

- transformed the business and returned to growth

-Group revenue up by 3%

I will never understand this share.....is there really much difference in today's final results, to the last guidance update of where we were expected to finish?

What is with the complete over reaction?

Anyone any thoughts on the short position being declared just before the results this week?

Is there any significance there?

I do remember this SP growing significantly over a period of time despite Short positions being declared....at one point I think there were 4 open Shorts, and we grew around 30% in that period.

But eventually we came back down

Used to be good news equalled a spike in SP,

That doesn't even happen anymore....we get two pieces of good news in 2 weeks and the SP decline by around 15%

Hi Wisdom.

What makes it so easy to do?

What a week this has been for bookmakers

How have we dropped again from yesterday.

open 70p, straight back down to 66p.

This share kills me at times.

Jonbon beat too.......the results of the first two days of Cheltenham should literally have provided the bookies with a considerable uplift on profits vs last year already, with another two days to go.

This is one of the biggest betting events in the Calendar, if not the biggest.....and can easily add Millions onto the bottom line.

Bookmakers said 45% of accumulators at Cheltenham included Majborough, I'd say the remainder had Ballyburn in them

This has been the best Cheltenham for bookmakers as far back as I can remember in terms of getting Hot priced favourites beaten.

If this doesn't help our profit margins I'm not sure what will. If Jonbon or Galopin Des Champs get beat it's going to be like Christmas for Bookmakers

Hi Yawksha,

Were their results good? Haven't had a chance to look yet, but seen their share price was down today but in fairness they have had a good run over the last 6 months in terms of SP growth

There has to be a big sell off behind the scenes.....we can't drop 8% if no one is selling off.

Yawksha.....fair enough comment, but we are dropping like a stone today which might suggest the end of year results which are coming soon aren't as rosy as first expected.

never seems to fall gradually.....always seems to be a day where the **** falls out it....then it takes 3-4 months to recover.

why oh why didn't the board of directors take a bid of 156p.

this should never have been allowed to get here.

Something seems to be happening....it's been a steady drop since there was a good announcement on predicted results etc.( hitting as high as 77p at one point)

As the date of the results announcement draws nearer there seems to be a big of negative sentiment towards the SP.

Frustrating to see us going backwards again. We never seem to get a good run of positive weeks, and it's been a disappointing performance over the last 12 months

Interestingly we hit as high as 75p just before the close last night and opened on 74p this morning.

I thought things were starting to look good, but been quick retrace this morning.