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Sportswinbet Ltd

  • BY: Andrew Hore |
  • POSTED: 11/02/2010 |

Mystery at Sportswinbet Ltd where Capetown Enterprises Ltd claims to own 69.1% of the Aim-quoted shell.

The board says that major shareholders representing 53% say that there is no change in their shareholding.

A Sportswinbet branded sportsbook trial was hit by operational difficulties and ended. The company is looking for gaming businesses to acquire.

At 13.5p a share, down 2.25p on the day, Sportswinbet is valued at 7.7m. That seems a bit steep. There was 1.73m in the bank at the end of June 2009. The net asset value was 1.59m.

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