Tag: stock price
Bert sells more Betfair shares
With Betfair shares now approaching £10.55, seemingly a bit ahead of current events. Andrew Black, founder of Betfair, sold another tranche of shares yesterday. The sale amounted to 600k of shares somewhere over £6m in total. This sales leaves Bert with just over 4m shares down from 10.5m back on 14th November 2011. So Bert has reduced his holding by over 60% in less than two years.
Shares hit a low of £6.50 this year before running up on a …
Half price sale underway
When Betfair floated I got some stick for saying they were overvalued and they were not a buy. This wasn’t a statement on Betfair’s business or business model, more the price it was selling at.
I first started taking an interest in the stock market in the mid 80’s and five or so years later I started investing. One thing I learnt is that if a company IPO’s and sells some of it’s stock it will do so at the …
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