bankmuppet
01 Apr 2015
Still No News Another month goes by and still nothing tangible, surprise surprise. Just treading water in trading range and fearful of bad news coming out as we will in all likelihood drop like the proverbial. Still better than this slow lingering death of a thousand cuts. If I was looking at this business, I would just hang on and get it for a song as there does not look like any turnaround in fortunes on the horizon.
darklarky
27 Mar 2015
price plunging down from yesterday.. market losing patience on the outcome of the supposed talks?
bankmuppet
23 Mar 2015
GVC Interested? [link] if old news but just posted according to Google.
White_Rose
12 Mar 2015
Results Yesterday's live broadcast, Martin Weigold said after 24 minutes into the broadcast with regard to Clean-up non core businesses screen: "about to sell Win, it is Imminent, expected to sign today" ..... no further announcement to date therefore did he make a premature gaff?
White_Rose
11 Mar 2015
Drop Typo whoops to my previous post:Announcements today could confirm, if someone does the number crunching, that the November price increase due to takeover expectations was unjustified as the parts sold are not significant relative to the group as a whole.
White_Rose
11 Mar 2015
Drop ElfanddwarfDid you sell for a small profit or still holding stock bought at 80.3p?Either way, soon will possible buy opportunities around 70p for buy back or pound cost averaging. Share price went sub 75p briefly this morning. This level will be re-breached.Once price stabilises, it may appreciate if pound declines against Euro / US Dollar.Sale proceeds in November's takeover hype, 120p can now purchase over 50% more shares than those sold!Announcements today could confirm, if someone does the number crunching, that the November price increase due to takeover expectations was significant as the parts sold are not significant.
bankmuppet
11 Mar 2015
Re: Results Presentation has just finished and if I am honest, it looks like more of the same for the foreseeable future. Cost reductions featured very highly, why; because they need to offset increased tax and reduced revenue! Slide pack was a lot of management speak with fancy graphics etc., but they did highlight some new product initiatives which can be rebranded to suit the business involved. Shame the one they showed for Man Utd still had Darren Fletcher featured!They are going through another internal restructure in how they report the different cost centres and were honest enough to say that this will make life easier in the event that one of more of them are hived off at points in the future. They again stated that previous efforts did not work, but how many times will they have to do it to get it right? FX is working in their favour and against them depending on the jurisdiction and as WhiteRose has just mentioned, non core assets have or are in course of being sold for c EU30-50m. Kalixa the payment processor which is going well, will either be sold off or floated in 2016.The Board is confident that the doomsday scenario predicted by Credit Suisse will not come to light and any decision will not happen before 2016 due to the number of legal cases pending. In fact they expect the German regulators to go in their favour; but they would wouldn't they?As I said, more of the same unless disposals or takeover comes along.
White_Rose
11 Mar 2015
Results also watching live broadcast ..... Sale of Win will signed today!Remaining non core businesses for sale Winners, Conspo and Intertrader.Not sure reason of Impact for the latter two is justified?Since the November announcement, Pound to Euro movement is probably the main reason for most of share price decline from takeover hype highs.As these proposed sales are only a small fraction of the group, I would expect further price declines from more disappointing news.
bankmuppet
11 Mar 2015
Re: Results Agree Peally, awful Board. Just listening to presentation at moment which was started by Chair confirming that talks still ongoing with various parties. This is the only thing holding price up.
Peally
11 Mar 2015
Re: Results Another disastrous year for awful management - I was reading the RNS waiting for the word "however" after a few lines of fluff, and wasn't disappointed. It's like a template they work to. SP somehow up a couple of points this morning, but I wouldn't be surprised to see this evaporate into the day and end down. Got out of BPTY about 6 months or so ago after holding for many years. These are purely a takeover play now, which is why I still keep an eye on them - they've proved they can't run a business, but for the right price it might be worth a punt for the takeover premium. There's still a good brand and technology there for someone to take advantage of, but only for the right price.Good luck to all who still hold. Peally
White_Rose
11 Mar 2015
Results Remember, the results are all in Euro and not Sterling so the situation is much worse for UK investors based on 2014 / 2015 currency movements.Results come in slightly up from consensus opinion! Only revenue but not profit after tax.Consensus Sales £443.47m (Euro 532m) and Profit £40.62m (Euro 48m) compare to Sales Euro 611m and Loss Euro 94.3m.Pound to Euro for 2014 approximately 1.2 (now 1.4!). Therefore will be much worse based on current exchange rates.Full year Loss after tax 94.3m implies last six month breakeven only (loss of 0.3m)Note net cash reduced from Euro 63.8m to 34.6m from which the dividends 810 x 1.89p x 1.4 = Euro 21m has to be paid. Does not leave much available net cash for future losses.
bankmuppet
11 Mar 2015
Re: Results Just watched the video presentations from Board and they look a bit battered and deflated. Dividend is up 5% despite a big loss of £95m due to non cash write downs. They say there are still in discussions with 3rd parties, hence the fact that no further RNS was issued and that are still being progressed.. First part of 2015 margins are down 12% which is not great. Lot will depend on how the anal ysts interpret things, but initial impressions not good.
bankmuppet
11 Mar 2015
Results Key points● Total revenue of €611.9m (2013: €652.4m) reflected the full year impact of ISP blocking in Greece and further declines in poker, partially mitigated by the FIFA World Cup; nationally regulated and/or taxed markets represented 56% of total revenue (2013: 53%)● Gross gaming revenue through mobile/touch grew by 99% to €153.2m (2013: €76.9m) with solid growth across all verticals ● Planned cost reductions of €30m within Clean EBITDA were exceeded and a further €15m of additional savings remain on-track for 2015 ● Clean EBITDA~ of €101.2m (2013: €108.0m) declined primarily due to lower revenues and increased start-up losses in the US ● Non-cash impairment charge of €104.4m (2013: €9.4m) against poker-related and certain other intangible assets and non-core investments resulted in a €94.3m loss after tax (2013: profit of €41.1m) ● Industry consolidation: discussions with several parties continuing following receipt of indicative proposals regarding a variety of possible business combinations ● Clean EPS~ of 4.8 € cents per share (2013: 7.3 € cents)● Current trading and outlook: betting volumes ahead but softer than expected gross win margins resulted in a decline in average daily revenues; trading overall has been broadly in-line with expectations and we remain confident about the full year outlook● Recommended full year dividend up 5% to 1.89 pence per share (2013: 1.80 pence) making a total FY14 dividend of 3.78 pence per share (2013: 3.60 pence)
White_Rose
10 Mar 2015
Dividend at risk reduced or stopped? 2013 Earnings after tax 43.9m2013 Dividends 809m x 3.6p = 29.1m2013 Retained earnings 43.9m - 29.1m = 14.8m compare to retained profit shown as 10.3m.Also compare with Shareholders funds increased from 661.4m to 682.4m = 21.0m being 6.8m and 10.7m higher than above retained earnings! Do you know why? Now look at 2013 and 2014 half year results:Earnings after tax reduced from -11.6m to -94.0mUnlikely to show full year profits or sufficient profits to cover current level of dividends?I estimate 2014 full year loss to be in region of 80m. However, I may be wrong.
White_Rose
10 Mar 2015
Re: Sub 80p Drop today to 78p as at 1
0pm is only due to overall market and sector declines. Still no additional price movement due to fact or rumours.
