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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Secondary Recommendation

Sportingbet - Acquisition of Paradise Poker transforms growth prospects

July 2005

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • SBT
  • Price:
  • 276p
One reason for the powerful performance in the shares of online sports betting and poker operator Sportingbet, is last year's acquisition of Paradise Poker, the third largest online poker company. In the light of that deal, Sportingbet's forecasts have been upgraded an incredible eight times over the past 12 months. As a result, earnings are now expected to nearly triple from 6p in the financial year ended 31st July 2004 to 17p in 2006. But another reason for the re-rating is that investors are becoming transfixed with companies that enjoy exposure to the surge in online gambling, a market which grew 25% to US$8 billion last year and which some believe could grow a further ten fold over the next ten years. Founded in 19 ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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