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See stories at:
http://www.bloomberg.com/apps/news?pid=10000102&sid=afFWJVKcBFKI&refer=uk
http://today.reuters.com/business/newsarticle.aspx?type=ousiv&storyID=2005-09-06T113104Z_01_FOR641382_RTRIDST_0_BUSINESSPRO-LEISURE-PARTYGAMING-DC.XML
http://news.moneycentral.msn.com/provider/providerarticle.asp?feed=FT&Date=20050906&ID=5087004and stock chart at:
http://finance.yahoo.com/q?d=t&s=PRTY.L
(shares down 30%)
Perhaps this will motivate PartyGaming to improve their affiliate support, and stop playing around with their promised LIFETIME payouts. I know I’ve been questioning sending them my traffic.
PartyGaming said it will lower its spending on advertising and marketing and prioritise customer retention.
then a wise place to start would be to address the issues raised here at cap.
I am one step from taking them down.
I will see if I cannot grab someone in Vegas – I have been asked to meet but it conflicts with too many plans.
PHew .. lots to read there ..
They made $430m … for a profit of $183m .. in the last 6 months.
Somewhere I read the stock issue cost $62m to do ?!!
We are in the wrong business !!
:hmmm:They claim to be up 80% for the year though (before share charges) … that’s a lucrative business.
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One cloud I see is that 87% of their business is in the US … which the article mentions that the US authorities claim is lillegal … seems to raise a huge warning flag to me.
:devil:Interesting thing is that the stock slump is nothing surprising … they are only earning around 4p per share and even after the slump they are still at 104p per share …
That’s a P/E ratio of 26 and still seems high to me for a .com
Err.. given past history and that US Legal issue.—
Finally, did anyone read … the group is seeking to expand into other countries as well as diversifying away from its core poker market …
Other countries i understand … but just how do they get away from poker? Casino’s .. Bingo … ???
