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What will come first - 580/590p or Friday's update? :)
https://en.wikipedia.org/wiki/Kenny_Alexander_(businessman)
"His hobbies include no-limit cash poker, and when he worked at Sportingbet, considered becoming a professional gambler, about which his wife was "horrified". He owns four racehorses, and bets every day, either on horses or football".............
It's galling how some of these big caps like GVC and VOD have halved in value in recent times.
Wouldn't surprise me if there's something bad in the GVC figures possibly related to Ladbrokes.
Some effort being made to raise moral and rally the troops at GVC HQ with 3 director buys notified this morning. Only Non Exec directors, not the big guns but still a move in the right direction.
Directors buying not selling so upbeat at least (can't be sure if the shares are gifted under bonus schemes or paid for in hard cash). Market likes it - so far.
Market focusing on this part:
''We have had an excellent start to the year''
The announced increase in shareholding by Kenny A this morning.
It looks like they're "gifted" to some extent under the share bonus schemes for execs at GVC rather than outright buys by KA.
Whatever, the market seems to like KA increading his stake anyway.
- is due out Friday of next week (April 5th).
Despite Kenny selling, his last missive was NOT to expect bad news in the next update, only good news.
So the market is not expecting bad trading news; just shaken by him selling coupled with a general industry retrace.
- Could the expectant trading update signal the floor, not a full recovery but at least a bouncing off the v low 500's as the floor?
“Can the company survive a CEO change and drop in profit from FOBT? I'm out!!!”
Good luck
One post only, are you really a Tyro? I am seriously considering a new purchase (top up) it is not a one man band and there is a still a lot to like.
Seriously who sells that much of a holding if they are not leaving. KA - CEO has offloaded before the FOBT legislation impacts.
Kenny A is a successful racehorse owner he has sold his shares to allow him to pursue his love of the nags... He, in my opinion, is on his way out!!!
Can the company survive a CEO change and drop in profit from FOBT? I'm out!!!
If they get near to £5 I will be certain to top up, and many more will I'm sure.
Three years ago these shares were a fiver, now for the re-test.....
Was it not 11 million shares rather than £11M - making it a trade of £60.6M?
Looks as if the jobbers were caught with their pants down. Obviously had to sell to meet orders. These shares are dirt cheap.
It was dealt on Friday , shortly after 16.35 , when the auction was held I believe and it was marked as sell for £11 mln.
UT trade not showing. But was it sale or purchase big difference. I still think these are dirt cheap
uncrossing has been reported for over 11mln. shares .
Glasgow police have just released a picture of a wanted man, nicknamed by the criminal underworld as Scotland's answer to the Kray twins.
The fraudster is known for his uncrompomising demeanor, effecting a stare of: "Do I look like I give a f**k?" Unfortunately, adding to the confusion, he carries the same surname as a respected CEO of a large British company, GVC.
Here is the wanted man's photo:
https://gvc-plc.com/wp-content/uploads/2018/03/Alexander-Web.jpg
.
If you click on the CEO link once at the GVC site (below) you can see there's no way the GVC CEO could be associated with that "I don't give a f**k" stare of thec wanted underworld hoodlum..
https://gvc-plc.com/about/corporate-governance/board-of-directors/
(Just click the CEO link once it opens).
Broker Forecast - Barclays Capital issues a broker note on GVC Holdings Plc
12 March 2019 | 10:50am
StockMarketWire.com - Barclays Capital today reaffirms its overweight investment rating on GVC Holdings Plc [LON:GVC] and cut its price target to 887p (from 1083p).
Story provided by StockMarketWire.com
Broker Forecasts data provided by www.sharesmagazine.co.uk
Where did you get this info from??
from 8-14 March , Peel Hunt -------------- adjusted pre-tax profit for 2018 £512 mln and for 2019 they expect £382mln .Whereas results says £434.6 mln underlying profit before tax , which is off the mark , closer is reported underlying operating profit £520.8 mln but that is different meaning . Clearly analysts are off-piste .
Velo
I am with you, this stinks. As for selling because of institutional demand.!!!
Acquisitive companies can hide a lot of dross for years in the accounts.
I am not confident the cash flow is enough to cover the debt and the divi. Particularly with the loss of the FOBT income.
Just precisely (again) exactly, how many shares has Kenny Alexander sold - and what remains?
-----------------
He held 2,728,141 shares
- before selling 2,061,475 shares to an institution.
So that's precisely 75.5%+ of his entire holding sold off in one fell swoop.
75% !
The majority. Quite dramatic. And quite telling some might say, or not :)
Therefore that means after the sale he's now left with ooh ...what the devil was that figure again? :)
- yes, that's it - all the 6's = 666,666
I've read all the theories of other bosses who's dealings went from bad to worse where the amount of 'devil' shares number comes up more than once as if a sarcastic message is being sent. I just think it's chance but try as I might, I just can't find any logic of round numbers that would leave that figure by sheer accident. It has to be deliberate. Surely with Kenny being a betting man and numbers being his game, he'd realise that figure would carry hidden meaning to conspiracy theorists, particularily as he's not the first to produce such a number in controversial situations regarding share sales/buiys? Meaning the regularity in which it comes up, exceeds the probabilities of mere chance?
Whatever, that's not the issue.
So now he's left holding 666,666 shares, but it's not the full picture.
Also released in that update was a reminderr of the notification that he currentkly qualifies for exsisting share awards/handouts of a further 568,901shares - well on the way to doubling his now remaining holding up to 1,235,167 shares.
Does the fact that he will eventually hold over 1.2m shares alter investors perspective?
I have no opinion on that, I'm just used to this board rewarding themselves to a very high degree.
So in essence although he's sold 75% of his holding, in due course he is set to increase his remaining holding back to within spitting distance of near but not quite, half his original holding he held, before the sale.