News & Comment
Online gaming group Sportingbet increased profits 126 per cent to £41.3 million pre-tax in the six months to January.
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The winners of the 2005 Growth Company Awards, specifically designed to acknowledge AIM companies and the positive contributions from their associated advisers, were announced this week.
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Aim-listed online sports betting specialist Sportingbet moved into a £1.4 million operating profit in the first quarter to June 2002, which its directors say is the quietest quarter of the financial year. James Crux reports.
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Analyst Andy Lee of house broker Dresdner Kleinwort Wasserstein has upgraded his earnings estimates for Aim-listed on-line bookie Sportingbet.com following Monday's interim announcement, writes James Crux.
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Aim-listed zinc hopeful Griffin Mining is applying to the Chinese authorities next month for a licence to develop its Caijiaying prospect 200 km from Beijing, while its 4 per cent-owned Taiwanese betting ally Ozmosa prepares for an Aim float in the first quarter of next year. Robert Tyerman reports.
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Aim-listed on-line gambling venture Sportingbet.com is to buy US internet bookie SportsBook for up to £128.6 million in cash and paper, having issued £8.5 million of new shares in the process, writes James Crux.
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Sector Articles
With football club Chelsea Village effectively being taken over by Russian oil tycoon Roman Abramovich and train operator GB Railways receiving a big bid from FirstGroup, important news has not been lacking on Aim of late, despite the relative quietitude that summer brings to the markets. Almost unknown in this country, Abramovich shot to fame immediately after Chelsea chairman Ken Bates and associates (representing just over 50 per cent of the shares) accepted a 35p-per-share bid, which values the company at £59.3 million.
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