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You nailed that prediction.
Have written before about how I sold my GVC holding, but still interested in buying back in at some stage. I just don't think we're over the worse of coronavirus yet and I think the lockdown and suspension of sporting events could continue a lot longer. I think GVC (and others such as William Hill and Flutter) are still trading pretty optimistically. It seems positive that GVC are adopting measures to reduce the impact of Covid-19. Nevertheless, in some territories it appears they're ready to throw the franchise operations to the lions, i.e. Italy and Belgium are mentioned in the RNS. "They're costs aren't ours, not our problem". Well, it will be if those franchises disappear never to return. And what about the much anticipated global recession after the pandemic has finally passed. How do the betting firms fare during downturns? No mention of the US market in the RNS either, even though that had been one of our great hopes.
S - good idea :-)
@Moljen, I should probably drink at least one cup of tea before reading RNSs...and commenting on BBs.
When is drop to £3
Think B&S need to learn to read before commenting, 2 for future reference to file away in the irrelevant drawer
Bobhope - Currently 515 up c. 9% - which open were you referring to?
Could I please buy all your shares at £ 3 - assuming you have any that is ?
Read it properly, EBITDA is reduced by £50M per month and cash is £15M per month and are assessing whether they can get that down to zero
It was hardly complicated to read it and get the facts correct.
Conserving cash.... Still burning through it at £50 million per month. Ouch!