Punilux
23 Feb 2015
Re: 50 shops to close I'd be really unhappy if I'd been working on minimum wages and was then laid off so LAD could pay an unchanged dividend. I'd be almost as p+ssed off if I hadn't been made redundant from this shambles of a company. Do they realise that paying people very low wages to handle large sums of money requires some form of incentivising ? ** Ladbrokes falls 6.6 pct as Deutsche Bank downgrades to "hold" from "buy", expects "sizeable" market share loss in 2015** Sees limited opportunities to improve store profitability without heavy investment, over-reliance on fixed odds betting terminals (FOBT) compared to William Hill also a concern** Cuts target price by 32 pct to 112p, now the second-lowest among 20 analysts covering stock, previously the highest according to Thomson Reuters data** Worst day for stock since March 2014 (RM: [email protected])
Punilux
23 Feb 2015
Re: Dividend held but could be cut by new CE... So people are expected to believe that a leaked set of results includes Glynn kitchen-sinking himself but with no indication of a new CEO who will cut the dividend when s/he is chosen. This couldn't be the work of Ladbrokes' marketing department by any chance?
gamesinvestor
23 Feb 2015
Dividend held but could be cut by new CEO Richard Glynn is expected to hold Ladbrokes' dividend when he unveils the bookmaker's annual results on February 26th, but the odds on a subsequent cut are shortening, Matthew Goodman said in the Sunday Times. It is unclear that the replacement for Chief Executive Glynn, who leaves this year, will adopt the same policy, the Inside the City columnist wrote. Tax rises facing the industry mean a dividend cut looks increasingly like the best way to pay for more internet marketing. That spending is needed if Ladbrokes is to have any chance of catching up with rivals such as William Hill online.Games
gamesinvestor
22 Feb 2015
50 shops to close High street bookmaker Ladbrokes is reportedly planning to announce the closure of around 50 of its stores in Thursday's results.The group has been hit by a jump in tax and tighter regulation on gambling, with the upcoming full year figures set to show a drop in pre-tax profit. Shares have fallen more than 17% in the past year.The chain is looking to offload the 50 or so least profitable of its 2,200 high street stores, the Sunday Times said.
dandigirl
13 Feb 2015
WH & 888 The talks regarding WH's possible bid 888 at around £2.10 are interesting. It is suggested that one of 888's major shareholders wants £3.One article referenced LAD's past interest in 888 so I looked it up. It seems that at the end of 2010/beginning of 2011 Glynn's LAD were interested when the price discussed was around 70p but they did not proceed.I do so hope that LAD is looking now at possible internet-based acquisitions. Prices of all gaming stocks have been down but they do appear to be coming off the bottom. Indeed LAD may already have missed the bottom. I do so hope that they are looking for a small prospective purchase which could enhance LAD's prospects. Otherwise they appear to be going nowhere fast - just treading water.
