bankmuppet
23 Aug 2015
Re: From Mail Good post nk1999. Not sure about them walking away as they have apparently got a clause/agreement to go hostile if BWIN Board don't entertain them. I really hope they don't as I have never been in favour of the 104p offer from 888 which is derisory.
nk1999
23 Aug 2015
From Mail "GVC threatens to walk out on £1bn takeover battle for online gambling giant Bwin.partyGVC Holdings says it could ‘walk away’ from the fight for online gambling giant Bwin.party if the board continues to recommend an offer from arch rival 888 Holdings.Sources close to GVC say it will increase its cash-and-shares offer for Bwin if 888 Holdings raises its own bid.However, if 888 does not lift its offer but still remains the recommended bidder then GVC is threatening to turn its back on the battle – which has been raging since last November – and pull out of the takeover process altogether.Bwin has some of the world's biggest online gaming brands, including partypoker, partycasino and FoxyBingo‘Bwin has played a clever game of poker here by keeping both parties interested,’ said a GVC source. ‘But we are considering all options, including walking away.’However, analysts believe it is likely that both 888 and GVC Holdings will increase their offers.Bwin is seen as a game-changing deal for both companies. GVC and 888 have cash-and-share offers on the table, which value Bwin at more than £1billion.Bwin shares closed flat at 114p on Friday while 888 closed down 2 per cent at 158p.GVC Holdings, which is listed on Aim, closed down 3 per cent at 424p.While Bwin’s shareholders will be delighted that there are two competing offers, the problem for the board is to work out the best way of comparing the two.GVC is seen as having greater experience in the rapidly expanding and very lucrative sports betting market and the greater possibility of cost-saving synergies, but 888 is listed on the main stock market which is seen as more attractive.Both 888 and Bwin are expected to release their half-year figures on Friday.Bwin is the fourth largest online betting operator, with 888 in eighth place and GVC in 12th. An 888-Bwin business would leap into second place, while a GVC-Bwin tie-up would take it ahead of William Hill into third place."Read more: [link] Follow us: @MailOnline on Twitter | DailyMail on Facebook
bankmuppet
20 Aug 2015
Re: Fluctuations Elf, just seen this announced on CNBC and a valuation of 130p I think is a fair one rather than the 104p which was a sell out. I don't think the Board will have any option but to put it to shareholders and this could result in 888 having to up theirs. So, all in all, we should get more unless the Board play another blinder!! Good luck to all long suffering holders of this stock.
elfanddwarf
20 Aug 2015
Fluctuations could still be more ups and downs ahead[link]
JohnyCash
18 Aug 2015
GVC facing $multi-million legal claim (ShareCast News) - GVC Holdings is reportedly facing a multi-million dollar legal claim after a Canadian company accused it of reneging on a deal as a result of its involvement in the £1bn auction of Bwin.party. According to the Times, GVC is being sued by sports and entertainment consultancy 37 Entertainment over a 50-50 joint venture to launch two websites aimed at Canadian punters. In its petition for a "declaratory judgment" from the London Court of International Arbitration, Montreal-based 37E alleges the companies agreed to work together on the launch of two Sportingbet websites, one for Quebec and one for the rest of Canada. Under the agreement, GVC, which is currently fighting 888 Holdings for control of Bwin, would have provided all gambling products and services, while its Canadian partner would provide the marketing services. Revenues and data ownership would be split 50-50. 37E claims that although the final contract was not formally signed, GVC had agreed to "all essential terms" and provided an "overwhelming number of written and verbal commitments" that it would sign. The Times said that according to the lawsuit, the signing was regarded as "a mere formality" and 37E started managing the Canadian website set up for the joint venture and received all trading reports, financial statements and internal information relating to Sportingbet's operations in Canada. 37E said that in February, GVC kept delaying the signing of the contract. May, despite the "umpteenth confirmation" from GVC that everything had been finalised, "new excuses were coming fast and furious". The Canadian company said although it was not given a reason by GVC for the refusal to sign, it was probably related to its entry into the bidding battle for Bwin.party. In a statement on Monday night, 37E said it believed that, as a result of the claim, GVC could face "potential shareholder and customer lawsuits, along with regulatory and licensing queries". A spokesman for GVC said: "This is a claim without merit. No formal agreement was reached with the company. GVC is continuously exploring new relationships... and not all opportunities reach maturity." At 0840 BST, GVC shares were down 1% at 426.50p.
nk1999
08 Aug 2015
From Mail "Investors back GVC as gaming groups tries to crash $900m merger between Bwin and 888..."Read more: [link]
nk1999
07 Aug 2015
Re: Nerve To be honest the GVC bid at 125.5p loks like a fair offer considering the alternative bid from 888 (unless now they als increase their bid). GVC have confirmed funding as well.Mr Market still a bit sceptical though.nk
elfanddwarf
07 Aug 2015
Re: Nerve [link]
bankmuppet
05 Aug 2015
Re: Nerve Good luck, something we have all needed with this dog!
elfanddwarf
04 Aug 2015
Re: Nerve Yep I did the same but with just 5% still holding quite a lot of shares some of which are now showing a 35% increase in value. I feel I will kick myself if I sell too low or if the bubble bursts and it drops back down to 105. Still holding on to the rollercoaster at the moment and hoping for the best 
bankmuppet
04 Aug 2015
Springowl Comment Just read a few articles online which seem to confirm that some key investors are keen for GVC to come back with an even higher offer in the 135-140p range. I presume they share my views that the Board sold out too cheaply. Still feel that this may just be a tad too much for them to cough up, but you never know.
bankmuppet
04 Aug 2015
Re: Nerve Elf, I sold 25% at 108p just in case, but I just have a (big) gut feeling that we still have a few twists and turns on this and price would appear to bear this out.
elfanddwarf
04 Aug 2015
Nerve Still edging up and holding my nerve for the moment and not yet sold but not sure how much longer I will hold on at these prices
bankmuppet
30 Jul 2015
Adlet Comment Springowl major investor have told GVC they will not entertain them unless they up their offer to 140p, which I think is too rich for them.
JohnyCash
30 Jul 2015
Re: Amaya "Lost an arm and a leg on these back in 2006 and have since then been trading to recover a few bob. Last punt however was a long position at 112p. Hopefully we'll see a bid firmed up at 130p-140p. I'll be sooooo glad to be out of this stock once and for all"---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- -------Well, that's it - sold my balance of 3k shares this morning at 12.25p to break even on my last buy. Happy with that - it represents the overall value of the 888 bid and the GVC bid looks a bit wobbly to me. Cash in my sweaty hands feels great and I'm so relieved to be out to invest elsewhere.Nevertheless, the very best of luck to those still holding.JC
