Its shares are listed in the FTSE Small Cap index, although this is quite a substantive company capitalised over £350 million, expected to grow normalised pre-tax profit from £31.4 million in the last financial year to end-July 2010, to over £37 million in the current year and over £45 million in 2011/12. If achieved, then the shares' forward price-earnings multiple is a modest 8.5 times and there is a prospective yield of about 3.4% covered nearly four times by earnings.
Sportingbet also enjoys firm support among City brokers, with Company REFS showing near-unanimous 'buy' advice in June. Read more here…
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