Member Info for pasheast

RNS Number : 5253J Sportingbet PLC 08 August 2012 Sportingbet Plc Trading update Sportingbet, a leading online sports betting and gaming group, is pleased to provide a trading update for the fourth quarter ended 31 July 2012. The trends experienced during the previous nine months of the year have continued into the final quarter and the Directors expect the full-year results to be in-line with market forecasts. Our Australian business continues to perform strongly with NGR (pre tax and bonus) up 93% year on year (up 24% on a like for like1 basis). The integration of Sportingbet Australia with the recently acquired Centrebet was successfully completed during June, one month ahead of schedule. Additionally, the level of synergies realised is significantly ahead of our original expectations. The enlarged business is the clear market leader in Australian fixed odds online sports betting and currently represents a substantial majority of the Group's EBITDA. In line with the sector, our European business has continued to face challenging economic conditions combined with the disruptive impact of newly regulating countries and associated taxation. Additionally, our largest European market, Spain, was closed for the first 35 days of the quarter until the licensed market launched on 5 June. As a result, European NGR declined by 41% year on year (like for like1 down 18%). The restructuring of the European business following the disposal of the Turkish language website has been completed. Sportingbet plans to announce its Q4 and preliminary results for the year ended 31 July 2012 on 3 October 2012.

RNS Number : 5043G Sportingbet PLC 29 June 2012 ("Sportingbet" or the "Company") Spanish Injunction Further to the Company's announcements on 27 March 2012 and 1 June 2012, Sportingbet announces that Commercial Court no. 10 in Madrid has cancelled the remaining parts of the injunction which was imposed on Sportingbet's Spanish business on 27 March 2012. Sportingbet's Spanish business at www.miapuesta.es commenced trading on Tuesday 5 June following the receipt of an egaming licence and the opening of the regulated market.

RNS Number : 6235E Sportingbet PLC 01 June 2012 1 June 2012 Sportingbet Plc Spanish eGaming Licence Grant Further to the Company's announcement on 22 May 2012, Sportingbet announces that it has now been awarded a Spanish eGaming licence by the General Directorate for the Regulation of Gambling. The grant of the eGaming licence negates part of the injunction, which was imposed on Sportingbet's Spanish business on 27 March 2012 and thus allows Sportingbet's Spanish business at www.miapuesta.es to commence trading when this regulated market opens. The market is expected to be formally opened at 8am BST on Tuesday 5 June. Sportingbet is now in the process of filing an application with the Commercial Court no.10 in Madrid to have the remaining parts of the injunction cancelled. Obtaining the Spanish eGaming licence marks the latest step in the Company's stated strategy of increasing the proportion of the Group's gaming revenue from regulated markets.

Revenue up, profits down. See RNS for full details. RNS Number : 3643E Sportingbet PLC 30 May 2012 Unaudited results for the third quarter ended 30 April 2012 Group Financial Highlights for the quarter Amount wagered Q3 2012 £555.9m Q3 2011 £507.3m Net Gaming Revenue Q3 2012 £43.4m Q3 2011 £54.7m EBITDA Q3 2012 £10.8m Q3 2011 £16.1m Net Cash Q3 2012 £24.8m Q3 2011 £31.4m

RNS Number : 1148E 25 May 2012 Sportingbet Plc ("Sportingbet" or the "Company") Issue of Convertible Bonds Further to the Company's announcement of 22 May 2012, relating to the Company's Spanish tax liabilities and the proposed convertible bond issue, the board of directors of Sportingbet is pleased to announce that the Company has issued £15 million 7 per cent. Convertible Bonds due 2016 ("the Bonds"). The Bonds will form a single series with the £65 million convertible bonds issued on 8 June 2011 and will be convertible into Ordinary Shares at a conversion price of £0.4775. ISM Capital advised on the sale of the Bonds to institutional investors, supported strongly by existing bondholders. The Company will apply as soon as practicable for the Bonds to be admitted to the Official List of the UK Listing Authority and to be admitted to trading on the Professional Securities Market of the London Stock Exchange Plc. As per the announcement on 22 May 2012, the Company intends to use the proceeds of the issue of the Bonds, after deduction of fees and commissions associated with the issue, to meet its Spanish tax liabilities. Sportingbet expects the payment to qualify the Company for the Spanish eGaming licensing round which is expected to be announced on 1 June 2012. Upon receipt of a licence, Sportingbet intends to immediately apply to Commercial Court no. 10 in Madrid to cancel the current injunction over its Spanish facing business....

23 May 2012: Deutsche Bank has cut sports betting website Sportingbet’s (LON:SBT) target price by 10 pence to 39 pence on the back of the Spanish government tax request. The taxes are estimated to amount to around €17 million. It believes the market is overreacting to the injunction against the company in Spain however given the lack of impact Europe has on its profits, and maintains its ‘buy’ rating as a result.

RNS Number : 8358D Sportingbet PLC 22 May 2012 Spanish Tax Payment and Issuance of Convertible Bonds The Spanish tax authority recently contacted all major online gaming operators and made clear that, in its opinion, any online operator that has ever accepted revenues from Spanish customers has an obligation to pay Spanish taxes under two laws, one dating from 1966 and the other from 1977. Prior to the recent approach from the Spanish authorities, these laws had been applied to operators based in Spain carrying out offline gaming activities and to certain kinds of bets (other than fixed odd bets). Further to the Company's announcement of 21 May 2012, Sportingbet has completed self-assessment tax returns and will make a payment of €14m plus surcharges and interest of up to €3.2m. The payment of these taxes maximises the likelihood of securing a Spanish eGaming licence. In order to meet this recent tax development, the Group has completed the sale of £15 million principal amount of the Company's 7 per cent Convertible Bonds due 2016 ("the Bonds"). These Bonds will be issued on Friday 25 May and are on the same terms as, and will form a single series with, the £65 million convertible bonds issued on 8 June 2011 and will be convertible into Ordinary Shares at a conversion price of £0.4775. ISM Capital advised on the sale of the Bonds to institutional investors, supported strongly by existing bondholders. Sportingbet expects the payment to qualify the Company for the Spanish eGaming licencing round which is expected to be issued on 1 June 2012. Upon receipt of a licence, Sportingbet intends to immediately apply to Commercial Court no.10 in Madrid to cancel the current injunction over its Spanish facing business. Obtaining a Spanish eGaming licence will mark the next step in the Company's stated strategy of increasing the proportion of the Group's gaming revenue from regulated markets.

So now we now why the sp has been falling -- insider dealing.

RNS Number : 7303D Sportingbet PLC 21 May 2012 The Board of Sportingbet Plc ("Sportingbet" or the "Company") is in discussions with the Spanish Ministry of Finance about a potential outstanding tax liability covering its operations in Spain from January 2009 - May 2011. A further announcement will be made in due course.

Local elections.

Could there possibly be a connection between the 4,576,497 shares given to SBT employees under its Share Awards scheme and the 1,597,044 of SBT shares sold today against just 366,127 bought, resulting in the sp edging down?!

Ah..it appears that these are Directors' share awards, not purchases. Still, that means that a t/o is still a possibility then!

I see that McIver and Wilkinson have just bought 750,000 shares between them. Good omen (but presumably rules out another imminent takeover bid)!

"With Total Revenue in the first quarter up 17% to GBP59.9m, Sportingbet is in robust health due to our geographically diversified business model and quality sportsbook offer." http://uk.advfn.com/p.php?pid=nmona&article=50231142&symbol=LSE%3ASBT

That's from a report 3 weeks ago: http://www.angelnews.co.uk/article.jsf?articleId=12403

Have just heard that although the authorities in Turkey continue to block the superbahis website, it is easily circumvented by users in that country. So the planned income streams to SBT from its sale shouldn't be affected much at all.

With a background in economics and statistical analysis, I have zero belief in the ability of share charts to predict any better than chance. About the only time they do it's because significant number of investors and MMs believe in them and make those predictions happen. Fortunately, SBT is probably too small even for that to happen. So it's sp is determined more by results, rumours and general market conditions than by trends and comparisons.

Some Maxwell2 posts: 5 Oct '11 Opinion: Strong Buy Price: 44.25 Ladbrokes wont want to let this go. They know they cant afford to. I have had two calls from friends in the city this morning.... 9 Oct '11 Opinion: Strong Buy Price: 45.50 The last I heard, the 72p deal was still being tabled but the final figure will depend on any renegotiation re last weeks results and the final price for GVC. Opinion: Strong Buy Price: 45.50 9 Oct '11 ..if you get in below 50p, and the deal is for 70-75p which it will be, then you have a 40-50% profit in weeks. 10 Oct '11 Opinion: Strong Buy Price: 45.50 Looks like Sportingbet and Ladbrokes have come to an agreement re Turkey - in reality this will be by some sort of retention or small price chip apparently. Ladbrokes bid 10 Oct '11 Opinion: Strong Buy Price: 42.25 I know there were some concerns around Turkey which they have managed to effectively share the risk on... Opinion: Strong Buy Price: 37.00 10 Oct '11 Real shame about today. ------------------------------------------- Some responses: pasheast Opinion: No Opinion Price: 37.25 11 Oct '11 "A real shame"?! I'm surprised you've the nerve to show your face here again after your supposedly inside information from those connected with the stock market which gave you such certainty about events that did not happen. Your credibility here is now zilch. Please don't bother 'contributing' here -- any 'informed advice' you offer will be ignored not just by me but, I suspect, the majority of contributors and lurkers. Go away. Bishop10 Opinion: Hold Price: 36.75 Probably wont hear Maxwell again 10 Oct '11 Well Maxwell - just goes to show you were full of sht all along. Chanser Observation Opinion: No Opinion Price: 36.50 10 Oct '11 Done deal eh? Dessie Observation Opinion: Hold Price: 36.25 Maxwell 10 Oct '11 So this is what Maxwell meant when he said we wouldn't see the 40's again !! So much for all that inside information. So without wishing to say I told you so ( oh all right, I will anyway ) the share price was telling us all along what the likely outcome would be. All we can do now is hold on and hope for the best in the long term. afootsy Opinion: Strong Buy Price: 38.00 17 Oct '11 this share SUPER CHEAP!!!!! BUY...... WILL BE WELL UP ON THESE LEVELS BY XMAS..... I KNOW THIS STOCK INSIDE OUT AND HAVE GOOD INFORMATION ......... 50% AT LEAST IN FEW MONTHS... pasheast Opinion: No Opinion Price: 37.75 18 Oct '11 Someone doing a Maxwell?!

Do you really think anyone gives a monkey's what you think about this share after your earlier posts with supposed inside information from 'contacts' with the stock exchange which lead you to be so certain about the take-over of SBT. Your credibility here is now zilch. Go away, laddie.

Simon Davies, an analyst with Collins Stewart who has a “buy” rating, said the Turkey deal will make it more appealing to acquirers such as OPAP SA (OPAP) or Betfair Group Plc. (BET) Some analysts question whether Sportingbet’s deal, in which East Pioneer Corp. will operate the Turkish sites for GVC Holdings Plc, which in turn pays Sportingbet from profit for three to six years, will provide enough protection from loss of income if Turkish officials shut the websites permanently. A spokesman for GVC, based in the Isle of Man, referred questions to Sportingbet. Sportingbet’s chief financial officer, Jim Wilkinson, said the company isn’t worried about losing the income. “We’re very confident the situation will continue for three more years as it has for the last five,” he said in a telephone interview.