Courtier1
24 Apr 2018
Re: GVC impact from new rules ? 1) the deal was constructed such that GVC don’t pay anything for machine gambling at £2.... no value perceived so nothing paid. Irrelevant to GVC earnings excluding Ladbrokes as was completely immaterial to their business anyway2) GVC are global not UK centric so any tax rises in Uk to compensate are again likely to be marginal3) gambling is pretty price inelastic so GVC will just pass some/all of it on with no/little drop in demandMarkets don’t half over-react to sentiment....... now the others with big earnings in that space I can understand.
II Editor
24 Apr 2018
NEW ARTICLE: LSE keeps growing, but bookies crash "Having endured months of boardroom turmoil and without a permanent leader since November, today's trading update from LSE:LSE:London Stock Exchange has come as a welcome relief for investors.Total income rose by 13% year-on-year to £520 million ..."[link]
Joatmon
24 Apr 2018
GVC impact from new rules ? "Shares in William Hill, GVC Holdings and Paddy Power Betfair were among the biggest fallers this morning after reports that the government intends to slash the maximum stake on fixed odds betting terminals to £2.Shares in GVC, which owns Ladbrokes Coral, had dropped five per cent, while William Hill shares initially fell 12 per cent. Paddy Power Betfair was down three per cent.A consultation by the Department for Digital, Culture, Media and Sport had examined whether maximum bets should be cut from £100 to either £50, £30, £20 or £2, and reports out today say Chancellor Philip Hammond is primed to opt for £2. He will look to replace lost revenue through higher taxes on other forms of gambling.The machines have been in the spotlight due to concerns they encourage problem gambling."
dave297
13 Apr 2018
Shorts Those remaining must be doing their cohinas & generating very healthy losses for their funds & as a trading update is due soon ,allbeit too soon for too much positive rhetoric regarding our latest acquisition, & it is likely to be very positive which, with some good fortune will see the continuation in the recovery of our SP.
1947MGTC
11 Apr 2018
Has Anyone Tried Contacting This Company? Not Possibly!!! I have big concerns about Andy Hornby being involved in the company following the takeover of Ladbrokes. It was mooted in the Daily Mail last December that he was a senior executive in Coral and may now become Chief Operating Officer of the new group following the merger. Given that he was involved in bringing HBOS to its knees and according to the Mail, "was notionally at the helm during the large fraud and cover up at HBOS Reading branch," I have been trying to contact GVC Head Office for clarification. Unfortunately, the phone number shown on the GVC website is permanently engaged and I do mean permanently - every day!! Also, the company does not reply to emails sent asking questions. For a company that claims to aspire to FT100 listing, this is totally unacceptable. I have been a shareholder in GVC since early 2006 but if Andy Hornby has any role of influence in the group I shall take the money and run.If anyone has any more info on this I would be grateful to hear.Regards,47tc
Telecom Spiritualist
11 Apr 2018
Re: CVR Ladbrokes? Good question. I had a similar one, which you appear to have answered. How long will it be before we get cash for the CVR?FWIW no immediate hurry for me as I'm currently planning on holding until at least next set of results - or possibly one after - when we can see what GVC are doing.
PHILKES
10 Apr 2018
CVR Ladbrokes? As a new GVC shareholder following Ladbrokes takeover just wondered if I sell my holding in GVC now will I still be entitled to the CVR payment which may I believe take 12 to 18 months for payment to be made?
dave297
09 Apr 2018
Weekend Results I would imagine we had a good week from UK Sports betting with City losing twice ,Hamilton not winning & an outsider winning The Masters.
dave297
03 Apr 2018
Barclays Upgrade to 1210 is very welcome , but we may have to wait a while.
dave297
29 Mar 2018
Shorts It will be interesting to see how the bull/bear battle will settle here as we are massively sold short , probably by over 18% ( including shorts under 0.5%) of our issued shares as of yesterday.If some or all feel they should either take their modest profits or cut their modest losses substantial buying pressure would ensue.Perhaps the shorts expected our SP post acquisition to drop to 600/700p & I am hoping they will be severely disappointed.
Dot Waudby
20 Mar 2018
Why do these go up and down by so much? ..
dave297
11 Mar 2018
Tipped You should read yesterday's Times, but very impressive growth last year,this year started with high double digit growth,Bwin fully integrated with synergies as expectedly (or better),solid 5% yield,expected substantial potential from Lad/Coral acquisition for further growth in regulated markets overseas ( e.g. US).I am not wild about owning over 3000 small retail units with all costs & prospective issues,but Kenny must have a cunning plan in that respect .I appreciate that professional shorters often turn out to be right (but not always) & I preume that some hedges feel that the substantial number of new shares in issue will result in an overhang which will suppress our SP & that this really is a deal too much for Kenny .Kenny ha achieved a spectacular amount with GVC over the , taking it from a tiny company in its sector to being 1 of the biggest players & I will be staying for the ride
sage in the hills
10 Mar 2018
Re: Tipped Tipped for what reason ? ...and when 10% of stock is shorted ? ......SAGE
sage in the hills
10 Mar 2018
Re: 5% shorted .....now 10% shorted ...... but why ? .....SAGE
dave297
10 Mar 2018
Tipped In today's Times
