Analyst Research Report Snapshot

Title:

SPORTINGBET - IT'S ALL ABOUT SPORTS

Price:

$10.00

Provider:

Edison Investment Research

Date:

08 Oct 2009

Pages:

4

Type:

AcrobatPDF

Companies referenced:

SBT.BE

Available for Immediate Download
Summary:

Sportingbet’s final results were well in line with expectations and management’s confidence is reflected in the resumption of dividend payments and planned move to the Official List. Strong growth in sports betting continues to drive results. Our PBT estimates are unchanged from those published in our 15 July Outlook and estimated EPS has increased slightly. Despite a good performance in 2009 the shares still trade below the peer group average and settlement with the US Department of Justice (DoJ) would undoubtedly provide further scope for a re-rating. FOR MORE INFORMATION ON THE ATTACHED RESEARCH PLEASE CALL 020 3077 5700, EMAIL RESEARCH@EDISONINVESTMENTRESEARCH.CO.UK OR VISIT WWW.EDISONINVESTMENTRESEARCH.CO.UK

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