Sporting Bet. P/E of 10 growth of 723% and more to come!

BetOnSports warning on NFL results weighing on sentiment.

Anyway q2 ends Jan 2006. Here's my preliminary workings for the figures.

last year q2 paradise poker contributed £8m on 266k rake a day. We kno wthat rake has doubled and that $430k av. in q1 produced £12.2m, so I estimate £15m from paradise poker.

Last Q2 was £21.5m total, £13.5m from sports and gaming. Q1 grew by 44%. Although figures would have increased for Q2, I will use 40% to account for poor NFL results.

There will be a huge 10% currency gain (last year av, $1.89) so £20.8m profits excluding paradise. Add a further £1.2m from the mysportsbook acquisition and Q2 will be a gobsmacking £37m

Anyone else care a guestimate?