|Financial analysts in the UK press are putting forward UKBetting as a risky but strong choice for investors. The share value for the online gambling company are comparatively low at the moment compared to how they have performed in the past, and, amid rumours of an intended takeover, analysts believe the only direction for the company now is up- which would be good news for any investors.|
While no representative from the company will confirm the take over rumour, it is believed that an informal bid for €80million (£55 million) was received, which valued the company at 62p per share. Currently shares are standing at 43.25p per share, but as they once were valued 75p within the last twelve months, it is also believed the bid was rejected as company decision makers believed it under valued the company.
It is a low period for the company, as the current share price reflects a considerable dip in fortunes for them. Late last week it was announced that the Director of UKBetting and Managing Director of their betting division Trevor Beaumont has resigned. He is leaving the post and taking up the role of Chief executive of The Tote. Despite this latest news the share value did increase by 3.75p up to the current value of 43.25p, with analysts predicting that from an investor’s point of view this current lull in performance is a great financial opportunity.