ripley94
20 Oct 2019
Nothing on Digi .. or ii must be all with S.. ( trapped )
ripley94
20 Oct 2019
Investors are betting that the FTSE 100 gambling giant behind Paddy Power and Betfair will succeed in merging with Stars Group – the Canadian owner of Sky Bet – in a £10billion deal. Hedge funds have placed bets of £250million in recent days against Flutter Entertainment in an effort to cash in on its all-share deal. Short positions in Flutter – which has a market value of £5.9billion – have surged to an all-time high and now represent nearly 5 per cent of the company's shares, according to the Financial Conduct Authority. This is up from just 0.59 per cent three weeks ago. Bet on success: Investors are betting that the FTSE 100 gambling giant behind Paddy Power and Betfair will succeed in merging with Stars Group +1 Bet on success: Investors are betting that the FTSE 100 gambling giant behind Paddy Power and Betfair will succeed in merging with Stars Group Short-selling experts told The Mail on Sunday their bets were what is known as 'merger arbitrage', where hedge funds look to profit from mergers through complex trading tactics. As Flutter investors will own 55 per cent of the enlarged group, it is technically the buyer in the transaction. In an all-share merger, hedge funds typically buy shares of the company being taken over while shorting shares of the acquiring company – in this case Flutter – if they think the deal will go through. RELATED ARTICLES Previous 1 Next Paddy Power owner Flutter sees share price jump as it gears... De Beers' diamond sales down by almost 40% in the latest... STOCK WATCH: GVC's Alexander may have one more great deal in... William Hill blames Government crackdown for a near halving... SHARE THIS ARTICLE Share Analysts have speculated about whether GVC, the deal-hungry owner of Ladbrokes and Coral, could launch a counter-bid. They have also suggested Flutter could face demands from competition authorities to offload other parts of its business to get the Stars deal over the line. However, the short-selling spree suggests investors are predicting that the deal will go through.
ripley94
20 Oct 2019
Now called flutter.. involved in merger / take over of star group ( USA ) no pages on this name or any former names or this on II
II Editor
02 Jun 2016
NEW ARTICLE: Buy the bookies after Leicester City shocker "The late Jeffrey Bernard famously observed that he fell in love with gambling as a child when introduced to a racecourse by his father. His father pointed out that one could easily see how bookmakers made their money, as there were four windows ..."[link]
numberbiter
15 Dec 2015
Re: Answers to questions Hi PharmaI liked your post; you are correct than on-line bookmakers will try to stop successful bettors, while Betfair loves high stake bettors because they have no risk and want as high a volume as possible. What you are wrong about is that older people prefer betting shops to on-line. NO WAY as they say, for the simple reason that you get far better odds on-line than you do in betting shops. If you go into a betting shop (I do just to read the Racing Posr for free) what you will see is young(ish) people playing fruit machines.
II Editor
02 Dec 2015
NEW ARTICLE: 10 highly-rated shares you cannot ignore "In 1965, an American entrepreneur named Tom Monaghan hit on an idea for a chain of pizza restaurants. Starting with just three outlets, LSE
OMomino's Pizza went on to become the biggest pizza chain in the world. A UK franchise opened in 1985 ..."[link]
Ripley94
17 Nov 2015
New High Ft rising tide ?
pharmaspecialist
23 Oct 2015
Re: Answers to questions Yes I think that the Betfair/Paddy Power combination has a bright future as the merged company will have the best exchange platform and the best marketing skills in the industry. In contrast I can't get excited by the merger of Coral and Ladbrokes as merging two relatively unsuccessful companies will not make a successful one but I don't know whether it would be worth shorting Ladbrokes as there will be some cost savings if the merger goes through. In answer to your query, I'm afraid my safe betting strategy, although worthwhile, is not revolutionary as it just requires a disciplined approach to the many promotions available each week on online bookmaker sites.
Seer23
23 Oct 2015
Re: PHARMA - Answers to questions Hi Pharma,Hope you see this... 3 more questions:1. You seem to be a seasoned bettor. When you say "banned (through stake limitation) from all the main online bookmakers because of winning regularly", how can that be? How much are you winning, what are you betting on and how can they all be banning you for winning? Seems illogical to me, but if you are, care to share your strategy, or hints of it please?2. I have been using Betdaq and Betfair and never use the high street. In my opinion, the high street has its days numbered and Betdaq is really really bad, especially compared to Betfair, so much so that I am considering shorting LAD atm. Is that something you recommend, what do you think the future holds for LAD and Betdaq and finally3. I think Betfair has a very bright future still, but is their SP not overvalued by now?
Katie Bromyard
17 Sep 2015
Re: Answers to questions Perhaps they will seed the market through PP?
numberbiter
13 Sep 2015
Re: Answers to questions Thank you for confirming my post that bookmakers do indeed limit their liabilities through Betfair.
pharmaspecialist
10 Sep 2015
Answers to questions There are a couple of points recently raised which I will express my opinion on. Firstly, traditional bookmakers and online exchanges do indeed compete with each other but they also target different audiences. I have been a regular bettor for over 10 years but have never been in a betting shop in my life, others (particularly older people) tend to enjoy the experience of going into betting shops, so there are different audiences. Many people such as me are effectively banned (through stake limitation) from all the main online bookmakers because of winning regularly even though I am not a professional bettor so I there is no competition for these stakes - they have to go on the exchanges. The strength of Betfair is its liquidity. If anyone is in any doubt, just check out the surge of money in the last 10 minutes before the start of a UK horse race or any UK professional football match. Outside this period there is indeed reduced liquidity but as a bettor, it has always been easier for me to place a large bet on Betfair than with an online bookmaker, even before my stakes were limited. Quite often if I wanted to put a large stake on at an online bookmaker I would need to go through an automated procedure where my stake was considered by a trader at the bookmaker and then was accepted or reduced according to what the trader thought. This normally only takes 30 seconds or so but it can be a problem if the odds are changing quickly! This problem never occurs at Betfair as you know what money is available and can always make use of it, so liquidity is a reason I like Betfair. Liquidity at Betdaq for all but the biggest events is hopeless by comparison, although it is improving. Hope these comments based on practical experience are useful. Feel free to disagree as I welcome criticism as this helps form accurate opinions about a company.
Punilux
10 Sep 2015
Re: Merger You must be thinking of another company. At the moment (8.20) the TOTAL available to lay ALL the favourites for the six races at Epsom today is £210 at the best odds. Paddy Power makes a lot of its profit by laying bets to high rollers for five or six figure sums. Why do you think that an owner who wants to bet £500 on their own horse on the morning of a race won't even consider Betfair despite having slightly better odds (whose advantage is commonly wiped out by commission)?
numberbiter
09 Sep 2015
Re: Merger There is clearly a lot of detail that is not currently known, but both companies must believe a merger would reduce their cost base. In fact, both businesses compliment each other, rather than competing with each other. What is happening is that for most of the time Betfair is creating the market and bookmakers offer fractionally below the odds as defined by the market. Punters back the horses and bookmakers unload some of their liability on Betfair. Thus it is a win win situation for both companies.The proposed split seems to favour Betfair as based on the current share price for both companies, Paddy Power shareholders should be getting a higher percentage of the merged company.
Punilux
08 Sep 2015
UK Company? Have I got this right ? The merged company will be H'Q ed in Eire but will have a secondary, overseas listing on the Dublin Stock Exchange because, I suppose, it wants a FTSE 100 position. The merger will be ratified by the Irish legislature but will be subject, solely, to English and Welsh law.. The annual accounts will be merged into Betfair's financial statements. As there does not appear to be any formulae for ROE will they be in Euros, and if so, will the dividends follow ? The companies will continue to be marketed as separate entities and so advertising etc. costs may actually rise. Anyone wish to tell me which bit I've got wrong?
