Although it was talked about in July seems like there are deals to be done.. NPT looks cheap at the moment for a potential partner/takeover http://www.lse.co.uk/sharecast-news-article.asp?ArticleCode=23227464&ArticleHeadline=BwinParty_asks_GVC_for_best_offer_as_bid_issues_are_resolved
http://www.lse.co.uk/sharecast-news-article.asp?ArticleCode=23220221&ArticleHeadline=Betfair_and_Paddy_Power_agree_in_principle_to_merger_terms maybe someone will want our online business
25 Aug '15
RE: 17p target
25 Aug '15
Great top up or buy in price today post the China panic sellers.
24 Aug '15
I'd go with that as a broad shout - wonderful long-term triangulation here though so with the right move it may go miles higher - well worth a look if it dips to 7s; could be a while to see those higher numbers but looks decent to me ...
24 Aug '15
I do not think 17p is at all unreasonable - just not sure of the time horizon required to get there. The broader market is a concern at present but my feel after following this company for a very long time is that the underlying business is strong. It maxed at about 24p going back to Q3 2014 and while there was a shock based on a poor marketing trial in 2014, I feel the sell-off was far beyond reasonable. The POC tax was always on the horizon since it was announced and I think steps were taken to address and account for it. This business sits in the sweet spot of several intersecting sectors (gaming, TV, online, mobile etc.) So, I am holding for now to see what Q2 looks like...I am averaged in at around 10p.
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