We had to cover a penny share sooner or later, and at under 2p a share Betbrokers is an interesting proposition.
CEO Wayne Lochner is an ex money broker and wants to bring to bookmaking the disciplines of big time City money.
Whether or not his vision of a clearing house for betting will work remains to be seen. But at that price, maybe it’s worth a punt.
The old cliché has it that as far as the stockmarket is concerned one should go away in May and come back again on St Leger Day. What? And miss out on all the fun? Reeling retailers. Broken banks. Crunching credit. There’s so much more than mere capital accumulation, yield and dividend. Not only are there bargains out there but also more than the odd laugh. Click on the portfolio to see how our writers have got on against the market.
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June 19th, 2008 at 11:08 am
This interview makes noe sense.
Is gambling illegal in the amjority of the US or not?
Wayne Lochner seems to contradict himself on this point.
Given the recent press and resulting drop in the share price at Betbrokers, I cannot understand their statements regarding not having adequate funds to cover bets. They claim to broker the bets, i.e. match punters to bookies and take a commission on the stake. Why do they need to cover the bets?
There is something wrong here.