Have you told S&P that sportingbet has a "superior" credit rating? I think in fact you will find them towards the junk bond end of the ratings market.
This company has some significant cash calls coming up, the fact that their founder has cashed in 1/3 of his holding at prices the board claim are "unjustifiably low" is not a positive sign.
For all US punters, take note that in a UK liquidation all of us with deposits are likely to get less than 5 pence in the pound. There must still be a 20% chance of a bust in the next 18 months or so.
This is NOT a safe book in the way that Hills and Ladbrokes are safe. Ignore this advice at your peril.
This company has some significant cash calls coming up, the fact that their founder has cashed in 1/3 of his holding at prices the board claim are "unjustifiably low" is not a positive sign.
For all US punters, take note that in a UK liquidation all of us with deposits are likely to get less than 5 pence in the pound. There must still be a 20% chance of a bust in the next 18 months or so.
This is NOT a safe book in the way that Hills and Ladbrokes are safe. Ignore this advice at your peril.
