dave297
02 Mar 2017
RNS today Loans refinanced at a lower rate is more good news & we have some flexibility should any bolt on acquisition opportunities present themselves.
dave297
08 Feb 2017
World Quant Had reduced their short substantially by 3/2 & have probably closed it completely by now
dave297
07 Feb 2017
Shorters Good to see Marshall Wace reducing their short on 2/2 & I presume they maybe trying to close it completely-so lets hope their profits get squeezed further.
dave297
02 Feb 2017
Institutional Investment Income funds & other IIs may well be looking at us now with view to providing them with an substantially above average prospective yield together with the potential for capital growth.I doubt whether our monthly ngr will continue growing at 21% but it will hopefully continue growing healthily, coupled with the prospect of substantial synergy savings together with a substantially reduced 2017 interest charge -suggesting further strong growth in our EPS this year , making GVC a very attractive investment , allbeit with perceivably a slightly higher risk profile.
claude reins
02 Feb 2017
Re: Pre close trading update Pressed the wrong button. Strong buy!
claude reins
02 Feb 2017
Re: Pre close trading update There was a time not long ago when this was one of the best performers in my portfolio, then it seemed to slip slowly away. Hopefully this is a low point and i am considering investing more at this stage. Now, it is 21% off the 52 week high and 5% below the 200 day MA. Should be a strong buy at this point.
dave297
02 Feb 2017
Pre close trading update Very strong trading statement against a backdrop of the industry having had a very poor December ( due to adverse results)& a very strong ( NGR + over 20% in Jan )bodes very well for our SP today &, more importantly ( for me) the likelihood of increased dividends throughout 2017 & beyond.Kenny also expects to deliver all merger synergies by the end of this year .
1947MGTC
18 Jan 2017
Re: New Tax When the tough times come people stick with three things - booze, baccie and bookies. High taxation never stopped the tobacco industry and I haven't noticed a collapse in the sp of Diageo et al47tc
alpinon
18 Jan 2017
New Tax I am afraid the future looks a bit bleak for the online betting companies as the new tax on online betting is on agenda..
dave297
18 Jan 2017
Trading Update Is due & lastyear was a little earlier.I presume , like Ladbroke Coral & other competitors we had a poor last couple of weeks of the year on Footie betting but our portfolio should now be diverse enough to have insulated us from that .
eagle51
12 Jan 2017
Re: RNS : Dividend increased 49% etc Bit surprised no-one seems to have commented on the co's CFO, 'roco' Cooper "doing a runner" come March (maybe before - I doubt he'll want to sign off the 2016 accounts). I see his contract requires a year's notice so I don't expect we'll see him trousering a few more million for making way for the new man from Wonga (you couldn't make it up). Don't hold your breath here - seems to me it's highly likely he'll be very well rewarded on his retirement (he's had so much out of GVC he should never have to work again - who's next?). How much was it that Alexander, Cooper and Feldman (the latter the NED inc bonuses he gets as a result of chairing the committee that approves such things - in direct contravention of the UK code of good practice) took out in salaries, special fees, bonuses, call it what you will, last year? Grant Thornton should be ashamed of themselves for lending their name to what I see as a farce. Mind you, GT were the ones who signed off Globo's accounts as 'true and fair', a month or so before it emerged something was very badly amiss (like €100m of cash that wasn't there and multiple trading operations that didn't exist) - I wrote about all the things that were wrong in GBO on these boards back in 2012. It was as plain as a pikestaff something was very badly wrong but GT didn't spot it and they had unfettered access to all the records ffs.Surely a recent entrant to the main market like GVC would want absolute transparency and clarity and for everything to be beyond doubt? Yes of course they would, so I'm expecting one of the Big 4 firms to be approached to act as auditors fairly soon. Don't hold your breath.Beneath all the hype of 'clean EBITDA', exceptional items (inc professional fees of €23m - how much? - for advising on the Bwin acquisition and I assume main market listing - goodness knows why the application was even considered given this company's highly unusual - I'm being polite - arrangements around directors' "rewards"
lay a loss of €89m in H1. No doubt performance in H2 will be sensational and cash flow repaired, but bear in mind that in this industry cash arrives in advance because betting isn't generally done on credit. So to me, the dividend that was paid to keep the mugs happy was paid out of money either raised from new shares issued, and borrowed, to make the acquisition and provide the means to keep available cash balances high to keep 'investors' sweet This company is now valued by the market (ie by its share price) at close to £2bn.How much? Some people at least seem to have spotted what might be seen as an "anomaly". Look for even bigger acquisitions to come. I am not for a second making any improper suggestions about GVC or any other company in posting the link below. I post it because background reading about all forms of investment is always to be recommended.[link] I note one of the non-execs selling 800,000 shares a couple of days ago? Add that to Roco going in March and is it starting to form a pattern?? The share price hit £7.50 and is now struggling to stay above £6. Sounds like a few might be wising up to who's done well out of this IoM operation (ie which is not governed by the UK Companies Act) and what it seems might be going on.The above are my personal thoughts only and are intended only to stimulate healthy discussion. I make no suggestions of malpractice about anyone - perish the thought - least of all the executive and non-executive directors. Readers should do their own research and form their own views. GL
II Editor
29 Dec 2016
NEW ARTICLE: How AIM came of age "Interactive Investor is 21 years old. To celebrate, our top journalists and the great and the good of the City have written a series of articles discussing what the future might hold for investors. Here's ..."[link]
Joatmon
17 Dec 2016
Re: Rusty Jock A bit of both it seems:-[link] Ladbrokes gains on takeover speculationGVC rumoured to be looking at a reverse takeover that could value its peer at about £3.2bn.GVC, the online betting specialist, was rumoured to have worked on a potential reverse takeover of Ladbrokes that could value its peer at around £3.2bn, a premium of about 30 per cent. GVC and Ladbrokes declined to comment.Advisers to GVC were said to have put together an ambitious proposal similar to last year’s £1.1bn takeover of Bwin, which was paid for mostly in shares. However, discussions between the companies may have already collapsed, people familiar with the sector said."
Rusty Jock
16 Dec 2016
Re: RNS : Dividend increased 49% etc Dont you not think that this was Ladbroke looking to takeover GVC , which would transform their internet offering ? and not GVC wanting to buy Ladbrokes , which I for one dont see any logic in .
Joatmon
16 Dec 2016
Re: 1947MGTC Ladbrokes non t/o I do not know the reason for the t/0 offer - it could be that GVC launched their bid as a pre-emptive defence against a Ladbrokes-Coral take over attempt, or to eliminate some competition, or to acess and then migrate Ladbrokes-Coral clients to GVC online.
