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Hi Maddox. £11.84 down to £6 isn’t a dip for ordinary shareholders. It is a crash. My argument is that short sellers will have been having a field day/year on news. The press articles are following the news, beginning with the totally stupid act of the two top managers to sell some of their shares. Days after saying that the shares were too cheap. Not huge numbers, which made it all the more stupid from people who must have made a justified fortune for taking GVC from a tiddler to being able to “win” Ladbroke/Coral and having the sense to play the slots price so successfully.
Taking a private company into the big league (FTSE 100) requires people who understand what running a big company entails. On the day they sold their shares GVC went down 17%. They were already relegated from the FTSE 100 to the 250. They need people at the top who know what is needed to combine the strength of the business with business acumen and PR.
Hi Guys,
This current dip has all the characteristics of a concerted short-attack. No one on here has mentioned the increase in declared short positions immediately prior to the press article. Firms in heavily regulated and sin sectors such as payments and gambling are obvious targets for this treatment. Typically its old stories recycled and given a new twist.
The good thing about shorters is that they'll have to buy back in to close their positions.....
Regards, Maddox
The crass sale by the two top managers of their own shares days after having announced the company was in fine form showed that they do not understand how the market in shares works in a public company. Other issues concerning Turkey have not gone away despite their assurance that their action was well flagged.
The sad fact for shareholders, particularly those from Ladbroke, is that the year high of 1184p is now hovering around 600p. Virtually halved from the top. Deutsche Bank, who know a great deal about decimating share value in their own shares, recommend a buy for GVC at 900p. If GVC can break into the US they will have to be more canny than they were over the Nevada licence.
A shame, because the world of Ladbrokes in betting shops is looking yesterday’s story, while the digital world of GVC looks a great replacement if the management is up to challenge.
Hi BruceJamieson, I think the A trades are automated trades carried out by a computer .
Looks like some II is off loading, still feel that this has some legs to go a lot further North from here...I Certainly think that RNS drop was over done but no doubt we will be investigated and cleared.....pity they do not govern AIM this way, American markets are the key and GVC are well positioned can see £7.00 plus soon.....
Last broker target price i saw was 1100p.
I got in at 534p & this could be a good time to add
There are masses of A trades not only this share but also First Derivitives. Does anyone know what they are please ?
https://www.sharecast.com/news/news-and-announcements/gvc-holdings-insists-it-has-no-further-links-to-the-turkish-market--6802092.html
In that article it is suggested not only was the sale independently overseen, but the related party was not involved in negotiations. Full disclosure of relationship was made.
Furthermore it was apparently Ladbrokes that imposed the waiver to the money owed for the sale, who were at the time, indeoendent of GVC.
If you read all this carefully, there is actually no new issue here.
£500k buy gone through...so I guess we know what market thinks of that article. Times writes some poor stuff IMO
Firm rebuttle. Arms length transaction, independent oversight. SP will recover.
ok i see the response made by blue post. got it now thanks
you have posted again but without answering my questions. any chance of a response
Who on earth are Ken & Lee? What is Kool Aid? I only paid 585 for my GVC in April so have done well. Still more than happy
Excuse my ignorance but who are ken and lee. Most of god income comes from abroad. The tie up with USA in advance of that country loosening the restrictions make the shares at least fair value at present. More likely to do well on this counter than a bank or retailer.
..........keep drinking the Kool-Aid, Bruce.
Ken and Lee don't see GVC as a good home for their millions but you do? Good for you.
dyor
Hardly news. Everyone knew this was going to happen. Much of GVC is on line and abroad so I expect no nasty surprises in the upcoming figures.
http://www.racingpost.com/news/hills-set-to-close-around-700-betting-shops-with-up-to-5-000-staff-affected/388682
............"GVC Holdings, the parent company of Ladbrokes Coral, has said that 900 of its betting shops are at risk of closure, while Betfred have said 400 to 500 shops from their retail estate could close................."
Is anyone beginning to see why it might have been a very shrewd move for Ken and his US pal to sell a big part of their holdings when they did?
Always follow the money...............
dyor
It's up on the GVC website now -17th July!
Looks like there will be a "Post Close Update" in July, after all! :)
- Then the actual interim figures published in August.
So if the recent bullish statements from KA hold water then perhaps a decent recovery maybe for the SP from mid July? Or earlier on insiders leaking?
Results due 15th August. Nothing announced for July yet.
For several years now, there's always been a trading progress update in July of each year. Anyone know if different this year or not?
So are you a bull or a bear of the stock and are you a holder, I am.
As you can easily notice debt in 2017 was nil , quick repayment after buying sportingbet , debt has appeared again in 2018 due to Lads acquisition .
dickupham - so what exactly is the point you are trying to make?
Bonds (500.0)
Term loans (1,727.8)
Interest accrual (8.0)
Cash 421.9
ACCOUNTING NET DEBT (1,813.5)
Cash held on behalf of customers (312.5)
Fair value of swaps held against debt instruments 43.3
Short term investments 96.2
Balances held with payment service providers 89.9
ADJUSTED NET DEBT (1,896.6)
Call it £2bn
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Directors' remuneration:
K Alexander
2018: £19.1m 2017:£18.3m
L Feldman
2018: £8.5m 2017: £8.9m
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
https://gvc-plc.com/wp-content/uploads/2019/05/GVC_Annual-Report-2018-Final.pdf
Page 110:
Loss 2018: £56.4m
Loss 2017: £34.9m
Page 112:
Interest bearing loans and borrowings:
2018: £2.2 billion
2017: Nil
https://www.investegate.co.uk/gvc-holdings-plc--gvc-/rns/directors--dealings/201903080700052421S/
Always follow the money..................
*******************************************************************************************************************
AGM venue: https://www.sunborngibraltar.com/?gclid=CjwKCAjwlujnBRBlEiwAuWx4LSDaRkR7d7WGy7I9RSfDQg1i0rqnIQBUcibeeu6Z6z8C2KkV4ZMkExoCRSIQAvD_BwE
I doubt they wanted "ordinary" shareholders there.................
dyor
all imho