Tag: investors

Betfair continues squeeze on users

Full management statement here: –

https://corporate.betfair.com/media/press-releases/2012/06-03-2012.aspx

Having been an active investor for over 20 years, here is my take on the management statement. Management statements always focus on the positive and you have to read a bit deeper than the headlines.

Core revenues up 11%, but no mention of non core revenues, other than ‘they are in line with expectations’. The games products are no longer working and despite being pushed in-front of all users, which personally I find very …