Spreadex Quadruples Dividend

Turnover and profits rise at spread betting firm

Investors in the UK spread betting firm Spreadex will be pleased with the GBP 20.1 million windfall dividend distributed this year — a year-on-year quadrupling of the pay-out — following soaring turnover and profits.
Full year results to May 31, 2015, show that sales grew from GBP 35.4 million to GBP 40.4 million, while pre-tax profits increased by 19 percent to GBP 22 million.
Founder and former City trader Jonathan Hufford (who has a 9.1 percent shareholding) will benefit handsomely, along with other shareholders, including racehorse trainer Peter Harris, who has a 42.5 percent stake in the firm.
Spread-betting is a form of gambling where punters can bet whether a certain outcome, such as a company's share price or a football team's winning margin, will be above or below a range or spread. It differs from fixed-odds betting in that gamblers can lose more than their original stake.

Online Casino News Courtesy of Infopowa

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
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