Betfair gets its day in the sun

“There are few sunny days in the life of a CFO. But this is one of those days”. Betfair Chief Financial Officer Alexander Gersh was obviously happy with himself upon release of the company’s half-year results in December. Those in attendance laughed and investors in the business agreed, sending the company’s shares up 8% on the day. Betfair has also been a bright spot in an otherwise not so sunny half for the International Fund. Previously undisclosed, the Fund bought shares in August at an average price of £10.43 per share. By year end, the price had risen 51% to...

“There are few sunny days in the life of a CFO. But this is one of those days”. Betfair Chief Financial Officer Alexander Gersh was obviously happy with himself upon release of the company’s half-year results in December. Those in attendance laughed and investors in the business agreed, sending the company’s shares up 8% on the day.

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