Re: Strong trading update No mention of Greek issue, with substantial potential tax implications. Only want to put out the good news today!!!
Strong trading update Very strong update & we are expecting more cost reductions from merger synergies than originally expected.The total cost of Ladbroke/Corals has reduced significantly following the announcement of the £2 max bet & as much as retail was down 5% ,due to adverse weather , I reckon the whole Group, including retail will have a fantastic World Cup.We are already well placed to benefit from the expected relaxation in US gambling laws ie in Nevada & new Jersey & we are considering other opportunities in the US.I have no complaints & perhaps the short hedge funds will close out there losses & our SP will continue its rise to decisively beyond 1000p
dividends Aas a new holder in GVC, I would like to know what dividends are expected to be paid in the enlarged company this year. Any ideas?
Re: £2 it is ! Slightly surprised the shares didn't rise more today. GVC is in a different place than some of the other betting shop groups. More international, more brands, more online, and most importantly GVC will not have to pay the contingent rights payments to former Lads/Coral shareholders.On the reduction to £2. This could end up in the long grass for two or three years. While DCMS are recommending £2, this has to go through Cabinet 'write round' process. Some ministers may oppose. It then has to go through Parliament, which will probably be straightforward in terms of votes, but the parliamentary timetable is currently chocker with Brexit related legislation, which is a higher priority for the government and more time sensitive. Quite how parliament will find the time for this to go through: committee; debate; and, a vote in both houses is anyone's guess. Because of this and as the industry has asked for an implementation period, I predict FOBTs with current stakes will be in use until early 2021 at least - after Brexit is complete.
Re: Andy Hornby I checked with Stockopedia to see whether their list of Board directors was correct. They confirmed that Hornby is COO of the combined group and does not have a place on the GVC board. On the other hand, he clearly has a place of high influence and responsibility which some will find worrying.
£2 it is ! So now we know & at least this was factored in to the purchase price.Addicts of any type will always find a way to fuel their addiction & IMO todays announcement will not protect them.They may gamble more in bookie on racing , go online,join casinos either way todays announcement is merely paying lip service to attempting to help vulnerable gamblers.I expect our store closure plans will be accelerated such that all most units at end of lease will not renew & that our Retail estate in a year or two will be substantially reduced.Our SP may well fall today ,giving shorters a profitable Exit , but Kenny expected & planned for this & while being disappointed will already in the process of implementing Plan B, which was probably Plan A & no doubt we will hear much more on 25th
Re: Andy Hornby I have tried unsuccessfully to contact GVC by phone. The phone number on the website is now no longer in use. Spoke to the Registrars and the media enquiries people but nobody was prepared to give me the company phone number. I was given an email address by media enquiries but I've already sent an email to which there has been no reply. I now intend to write to Kenny Alexander to enquire what position Andy Hornby holds within the company. Below is a link to a newspaper article about Andy Hornby[link]
Re: Has Anyone Tried Contacting This Com... Hi Goldman,Thanks very much for the posting. I admit that I am surprised at the apparent lack of concern regarding Andy Hornby holding any kind of executive position within GVC given his track record for disaster. I would very much like to know what his position is within the company and will either continue to hold the shares or sell out completely, depending what his role is. I have sent an email and phoned the investor relations number repeatedly, without any response. Time to try again. if I get any info I'll of course post it to the board.47tc
Re: Has Anyone Tried Contacting This Company... [link]
Re: US Deregulation Thanks Bowman, didn't see your post until I finished typing.
Re: US Deregulation A very quick look on GVC website and we've got:-Stadium - Leading provider of software and Technology for race & sports books in NevadaBetboo - online bingo, sportsbook, casino and poker access to South American customers. Casino Las Vegas - ? Looks like American in name only but could be wrong.MGM Resorts international - the US casino operator which is licensed to operate online poker and casino games in New Jersey.Also like previous posted said we've got some good brands that will be recognised thanks to sponsorship etc. Good time to be holding
Re: US Deregulation The GVC website provides information on the various brands worldwide.[link] you see there is some US exposure.
Re: US Deregulation Very nice rise, $150B a year in illegal, I'm new to GVC via Ladbrokes do we have any US interests currently? WHill seem to already in the US in 1 form or another.[link]
Re: US Deregulation Was sat here wondering what caused the sudden uplift in the share price. US relaxing their position could be massive for GVC.Cheers...Mick
US Deregulation Great news & presents a massive new Market for GVC/LAD/COR/BWIN/SBT to exploit