ARE YOU BETTING ON SPORTINGBET’S RECOVERY?
NICHOLAS BATRAM KBC PEEL HUNT
“Sportingbet’s results are slightly ahead of our expectations and the statement is undoubtedly positive. The dividend payout and news that it will move to an official list shows further signs that the business is developing. But its advances make it a tempting takeover target.”
IVOR JONES EVOLUTION SECURITIES
“Sportingbet has shown its confidence in its future by announcing a restoration of the dividend and a plan to move from Aim to the Official List next spring. Current trading overall is as expected and the group continues to sit pretty on its cash pile.
It remains one of our top picks as a takeover target.”
WYN ELLIS NUMIS
“Sportingbet says that it is now seeing consistent, profitable growth and feels sufficiently confident in the outlook to restore the dividend with a 1p final. Talks with the Department of Justice are described as “constructive and ongoing” and the group plans a move to the main list.”