BCL - Betcorp Limited - Aussie Stock Forums

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  1. #1

    Post BCL - Betcorp Limited

    Anyone been watching BCL. With the financials out 31st Jan this one could drop like a lead balloon, BUT, just like Aristocrat, if we see an improvement the price could rocket. Am interested in any opinions. Cheers.

  2. #2

    Default Re: BCL

    i have one opinion of bcl, and one only - it was a joke when it was known as cgc, and is a bigger joke now - not a bookies bootlace - avoid.

  3. #3
    Rotaredom wayneL's Avatar
    Join Date
    Jul 2004

    Default Re: BCL - Betcorp Limited

    Someone obviously likes it....
    Attached Images

  4. #4

    Default Re: BCL - Betcorp Limited

    Quote Originally Posted by wayneL
    Someone obviously likes it....
    Not anymore. What a big change in 6 months! From almost $6 to 0.45c. It is the loser of the week in ABC's Inside Business for the second straight week.

  5. #5

    Default Re: BCL - Betcorp Limited

    Quote Originally Posted by chansw
    It is the loser of the week in ABC's Inside Business for the second straight week.
    Not if you're short. (paper only and 50% margin - would have been interesting to see if the bet would have been taken by my CFD provider if I had traded it for real - I think I may have finally figured out a robust shorting system )
    The above post is entirely fictional and any resemblance to any stock living or dead is purely coincidental.
    Michael D

  6. #6

    Smile BCL - Betcorp

    Hi folks,

    BCL ..... has had a horrific plunge, since March equinox 2006,
    but has seen a lot of renewed buying in recent times.

    Last Friday, we saw BCL lift off its lows, with very high
    volume and this week further news is expected, about
    their restructuring plans, after their retreat from the US

    happy days


  7. #7

    Default Re: BCL - Betcorp Limited


    Betcorp shares surge on sale talk
    Colin Kruger
    October 21, 2006

    SHARES in Betcorp staged a major recovery on Friday after reports emerged that the company has offloaded its US sports betting operation, WWTS, to a Costa Rican company for $US9 million ($12 million).

    The shares jumped 58 per cent, or 15c, to 41c, following the reports from US websites.

    Not much was expected from the sale after UK-listed Sportingbet offloaded its US business for just $US1 last week.

    The sale allowed it to discharge liabilities worth $US13.2 million and avoid a closure bill of $US14 million, it said.

    The rumoured buyer of the WWTS business is privately owned Costa Rican operation Bodog, which does not plan to comply with the US ban.

    Bodog.com founder Calvin Ayre said in a statement: "We've structured our business in such a way that we'll have no problems adapting to any changes in the online gaming environment. We see the future as very positive for Bodog.com."

    Betcorp's US operation has been in suspension since last week, when US President George Bush signed legislation that effectively bans online gambling services.

    Betcorp was expected to find a buyer by this weekend but officials were not available for comment on Friday.

    The magnitude of the devastation visited upon the mostly UK-listed gambling stocks is now becoming apparent.

    Sportingbet announced this week the ban would cost it a further 210 million ($521 million), including goodwill writedowns and restructuring costs, on top of the massive loss of earnings. Sportingbet has shed 1 billion in market value in the past year.

    Chief executive Andrew McIver said the company retained "strong European and Australian businesses".

    PartyGaming, the world's largest internet poker company, said the cost of exiting its US business would be about $US250 million in the December half.

    "The impact of the recently passed legislation in the US has changed the shape of our business fundamentally," chief executive Mitch Garber said in a statement.

    The company's market value has dropped to 1.25 billion from more than 9 billion at the end of 2005.

    Betcorp is due to delist from the Australian Stock Exchange at the end of this month to concentrate on its UK listing.

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