PHew .. lots to read there ..
They made $430m … for a profit of $183m .. in the last 6 months.
Somewhere I read the stock issue cost $62m to do ?!!
We are in the wrong business !!
:hmmm:
They claim to be up 80% for the year though (before share charges) … that’s a lucrative business.
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One cloud I see is that 87% of their business is in the US … which the article mentions that the US authorities claim is lillegal … seems to raise a huge warning flag to me.
:devil:
Interesting thing is that the stock slump is nothing surprising … they are only earning around 4p per share and even after the slump they are still at 104p per share …
That’s a P/E ratio of 26 and still seems high to me for a .com
Err.. given past history and that US Legal issue.
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Finally, did anyone read … the group is seeking to expand into other countries as well as diversifying away from its core poker market …
Other countries i understand … but just how do they get away from poker? Casino’s .. Bingo … ???