bankmuppet
09 Jul 2015
Re: GVC Offer 110p - JOKE? Board had enough as they know they are running out of ideas - shocking.Can't see 888 coming in, but you never know.
nk1999
09 Jul 2015
Re: GVC Offer 110p - JOKE? Agree bankmuppet. 110p is oo low.But IF another counter offer is not forthcoming (from 888?) then personally I will be happy to take 110p (preferably cash) and get out of this serial disappointer.Good luck anyway.nk
bankmuppet
09 Jul 2015
Re: GVC Offer 110p - JOKE? If the Board are even entertaining this, and looks like they are, they can't be very confident about the future and are just happy to sell up and take their own benefits on the back of it. This would be a shocking outcome and not one that carries my support for what it is worth.
elfanddwarf
09 Jul 2015
Re: GVC Offer 110p - JOKE? Certainly going with Joke since it isn't even a straight cash offer it is cash and shares.
bankmuppet
09 Jul 2015
GVC Offer 110p - JOKE? See news tab, but both parties have confirmed the above offer level, but not a done deal. This is a ridiculously low offer and the Board can't be serious surely.
john222
06 Jul 2015
DEAL DONE! Just swapped an oriental rug for a brass plant pot holder on gumtree quite pleased with that......
bankmuppet
03 Jul 2015
How Long? Almost 9 months since original announcement about talks - how much longer do we need to wait? Sums the whole business up.
bankmuppet
22 Jun 2015
Re: WPT Sold Yes, saw this update earlier NK and looks like the start of the move away from Poker they started talking about 9 months ago or so. I agree that it looks like a good deal for them given the numbers, but unsure about impact if any on the takeover. Just have to wait and see, but nice boost to price today and hopefully we can stay above the £1.
nk1999
22 Jun 2015
WPT Sold Looks like a good deal considering the financials?"bwin.party sells World Poker TourStockMarketWire | Mon, 22nd June 2015 - 07:21 bwin.party digital entertainment has sold its nterests in World Poker Tour to Ourgame International Holdings on a debt free/cash-free basis for US$35m, payable in cash. Ourgame is a fast-growing Hong Kong-listed social gaming company with interests across Asia and a market capitalisation of approximately HK$5.7 billion (US$733m). Under the terms of the transaction, bwin.party will continue to sponsor various WPT events and television shows in both the United States and Europe until 31 December 2016. In addition, bwin.party also has a right of first refusal over such additional sponsorship opportunities that may become available until 31 December 2016. Having been acquired in September 2009 for US$12.3m, in the year to 31 December 2014, World Poker Tour reported total revenue of €10.4m and a loss at the Clean EBITDA level of €4.1m. Chief financial officer Martin Weigold said: "Over the past six years we have built WPT into a global franchise, with tournaments and TV deals in many countries including Asia where poker remains a popular and growing sport. However, consistent with our strategy of divesting our non-core assets, we believe that now is the right time to release that value for shareholders so that we can focus our efforts on our core real money gaming and technology business."Annoying iii website is still missing the RNS.Any views on what impact it will have on the takeover offers? I guess a slimmed and streamlined BPTY should be more attractive?nk
Davey Baby
15 Jun 2015
888 Proposed takeover This appeared in my Corporate Action Notices today. Surprised that there hasn't been an RNS:-Type: Takeover Description: Preliminary Information Only Notes:888 Holdings plc has announced that it has submitted a proposal regarding the acquisition of the entire issued and to be issued share capital of bwin.party digital entertainment plc for consideration comprising cash and 888 shares.Due to the size of the proposed transaction, it would require, amongst other things, the approval of 888 shareholders. 888 shareholders representing approximately 59% of 888's share capital have irrevocably committed, subject to customary conditions, to vote in favour of the proposed transaction.There can be no certainty that the submission of this proposal will lead to 888 Holdings being selected as the proposed acquirer of bwin.party or, in turn, completing a transaction.Updated: 15-06-15
Gotnorolex
13 Jun 2015
How Amaya swallowed PokerStars How Amaya swallowed PokerStars and sparked off the biggest stock trading probe in Canadian history![link]
bankmuppet
12 Jun 2015
Close 98p Well we did see a bit of confidence return as the day went on. In the cold light of day, we have really just seen a transfer of ownership of the shares and nothing has changed vis a vis the offers being looked at. If no developments, I would expect to see the price over 100p next week. Nice profit for the new owners who bought at 93p as I understand.
Tjuringa
12 Jun 2015
Comfort? I suppose despite the drop we can take comfort from the fact that there were buyers for all these shares - and they only bought expecting future gain??
bankmuppet
12 Jun 2015
Analyst View in Guardian Analyst Nick Batram at Peel Hunt said:News of the desire of the trustees of Emerald Bay and Stinson Ridge to sell down their respective holdings does come at a strange time. However, unless a potential suitor has acquired the holding then not much has really changed.Whilst the timing is consistent with the requirement (under the October 2013 agreement) to sell prior to the end of October 2015, to do it when the group is in active discussions with a number of suitors is curious. Clearly the trustees are not privy to any of the discussions, therefore there could be a number of possible reasons. First, they could have been approached by one of the suitors. Second, it may well be that an (or several) aggressive investors have a positive view on the likely outcome of talks and they approached the trustees. Finally, it could just be that the trustees felt that the risk reward situation was suitably balanced for them to complete the sell down.Our view remains that a bid is the most likely outcome. Much will depend on the scale of synergies and the execution risk the bidders place on any deal. At the top end, it is possible to see 130p plus but equally a more cautious stance on execution risk suggests limited upside from here. If a bid does not materialise then the stock could head back to the 80p-90p level. On balance our view remains that investors should hang on.
bankmuppet
12 Jun 2015
Re: Major Shareholders - Drop Ripley, this company has been a bag of spanners since they were kicked out of the US and have never recovered. We all need to be put out of our misery one way or another and sooner rather than later. Mismanaged and the longest takeover talks in history as now over 8 months since notification. It is not Microsoft here and how many more times will we get a RNS saying things are still proceeding, but it may or may not lead to anything? As I said, just kick us again and get it over with. £12 to 70p at one point says it all. Off for a slump in a dark room now.
