Gaming Vc Holdings SA Forum

What's happened to the share price then? 16.5% down over September alone!

FOBT report ranges max stake cut from £100 to £50 with lower options available too. Gov to consult for a further 12 weeks. It also mentions that the UK online market is worth £4.5 billion per year, so a Ladbrokes deal seems attractive.

dave249, from their 2016 Annual report - the UK market is just under £6billion, around the same size as the rest of Europe added together. The next biggest EU market is Germany at just under £1.5billion.

I should say - A bid offer of up to £3.6 billion (depending on the FOBT report due this Autumn.)

Ladbrokes Coral has a market cap of £2.28 billion, GVC value them at £2.7 billion and make a bid offer of £3.6 billion, only for talks to break down - their shareholders will be seething!

Sunday Times: New York hedge fund Cerberus teams up with Sportingbet owner GVC to gatecrash agreed takeover deal with rival (article behind paywall)

I have to agree with Eagle below (Thanks for the posts). I could hardly believe the RNS on Friday, looks like plain old greed by the directors. Sold all my GVC shares today. Best of luck to all who still hold!

Whilst EUR this unsettled I think SP will be driven by it

They also seemed resistant to update the market more frequently on current trading. I thought it would help to have a monthly number and perhaps a 3month rolling number to smooth out extremes. They declined.

Hi roco / all. I too was at the presentation . I thought the guys presented well but no better than that. Indeed I will say they are resolute on jeapordising the div in any way show or form which I liked a lot. However they refuse to hedge the Euro exposure whi u was not so great to hear if you believe the EUR will move some more. They say they are addressing this with aiming any future acquisitions to be GBP earnings