Have the days of big profits for small gambling companies come to an end? Shares in this Aim-listed betting company seem to be saying that they have. The shares have halved in price since the middle of January and currently look very unloved.
Investors are beginning to fret that its years of strong growth have come to an end. A fund manager with a big stake in the company has disposed of quite a few shares recently, although it still owns more than 10%. So why are markets spooked?
Gambling is a very competitive business and there’s no shortage [...]