Short Betfair!
Page seven of the business section in the Evening Standard today. Thought you may want to see it.
Basically they are saying short because of the GC stuff, which we know is not an issue anyhow, so a poor piece of journalism there. But also because the share buyback has supported the price and that is about to end. I’d say that was a better piece of insight.
Overall, It is going to be a big sporting year so I think that may counteract any short term negatives, but I’m not sure what sort of guidance they have given analysts. However we also have the the fuss in Australia which threatens to put a shadow over international expansion. But that part of oversea’s is quite small anyway. I’d err on the downside but only slightly given some of the positives. I’ve noticed the share price is reasonably correlated to the FTSE 250 and that’s a bag of nerves at the moment.
Category: Betfair, Industry news
