Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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explain
I have it on reasonably good authority that the ladbokes Corals merger is essentially a done deal. Watch this space.
Very nice to read MY21" What i would call "an informed" Gambler The key to success or failure is whimsical as a bookmaker ,with the king of bookmakers being the Stock market Old adage "the value of your investment can go down as well as up The monopolies and mergers have already declined to allow before, personally think that stance will not change Time will tell....................
I think this merger will actually come off.
Lots of articles about the merger "falling at the first hurdle". Well done Journalists! What is clear though, is that after any merger there will have to be significant restructuring to their finances, operations and properties. #bullish
Paradise
A matter of form: Pedigree is a question of crucial importance to students of horseflesh. They will hotly debate whether l’Escargot out of Tree Sloth has a marginally better chance in the 3.30 at Doncaster because it was sired by Slow Poke. The progeny of a potential merger between Ladbrokes and Gala Coral should be subjected to the same analysis. Cost synergies and greater scale could improve its chances in the punishing race among U.K. bookies. Combined net debt would look steep for a quoted group at more than £1 billion. A placing equivalent of just under 10% of Ladbrokes shares would reduce this by more than £100 million. Private equity backers of Gala Coral, such as Apollo and Cerberus, would doubtless prefer a clean cash exit at the right price. They still have the option of a float this autumn. A dual track process that includes merger talks with Ladbrokes represents an each-way bet
Ladbrokes and Coral: les jeux sont faits: Ladbrokes shareholders have finally come up trumps. The stock rose 16% on Tuesday after merger talks with rival bookmaker Coral were announced. Before this jackpot, the shares had fallen 14% in a year, trailing rivals William Hill and Paddy Power. The slide reflects the weak hand Ladbrokes has been playing: earnings forecasts for 2015 are a third lower than they were a year ago, partly because of unfortunate sports results. The deal is no nailed-on certainty. The odds are against competition authorities allowing a single company to control half of the high street market without concessions. But folding on some of the shops would not be all bad; the high street is growing at just 1% a year. And the deal, if done all in shares, would leave Ladbrokes gambling with more borrowed money. Net debt would rise from two times earnings before interest, tax, depreciation and amortisation to three — although that bet could be hedged with an equity issue. An all-share deal would bring some new players to the table. Ladbrokes’ shareholders, mostly long-only institutions, would be joined by the private equity groups that own Coral
Well done to all those who have hang on here on the hope that something like this will reverse the trend . It will be carnage in the High Street if this goes ahead where duplication of real estate occurs
Be interesting to see what happens. I currently have no restrictions on my account with Coral although my bets often get referred to traders and occasionally I get knocked back. With Ladbrokes I can get a maximum of £3 on the horses, although I'm guessing no restrictions apply if I want to play casinos or slots. A maximum of £3 on a bet and yet I bet this merger we are talking in millions? Laughable.
If the merger goes through, let's hope the shareholder value is positive, emulating Carphone-Dixons.
MEDIA-Ladbrokes and Coral in shock talks over merger -RacingPost.com
Ladbrokes Chief vows to regain top spot: The Scot who took charge of Ladbrokes in April has vowed to take the company back to the top of the UK betting industry.
.... with them, rather being restricted to peanuts. Joke company.
I bought LAD as partially a recovery play, but also because it's brand plus poor performance could make it a bid target. Another gaming group might buy them, but it's also possible for a trading platform to make an offer as well. Playtech for example, look to be seeking synergies by acquiring trading platforms which may compliment their gambling expertise. However, this acquisition strategy has not been executed the other way round yet.
The Irish operation is up for grabs. Boylesports want that, this could be the lure needed to get Paddy Power to make an offer. I hope not though. The employees share scheme was offering 90p a share to buy if you hold for 3 years. Offer was up till June 1st, huge take up.
Bid speculation in The Mail about Paddy Power taking over LAD. A 25m share block was bought yesterday and it's up 3% today so far.
William Hill to make me a millionaire!
Ladbrokes are investing in its online business. It is the future. Betting shops are a thing of the past!
Think they were one of the best priced on Miliband so would have scooped up good to see them getting it right for once and a most welcome SP boost -certainly mitigating the Charlotte fiasco
slipped in here earlier today ... Election million pound pay out to follow
Another AGM where the numeration vote was in the region of 30% against. I wonder if the board will take note. Relief rally on the election result well in hand. Is that because of the result and the betting on the result!
Although having engaged my brain she would only be appointed as a CEO so won't happen. Just hope they appoint someone that can make a difference
Wishful thinking but it would be great news for the share price if Harriet Green was announced as the new Chair. She still out of work since stepping down from Thomas Cook....
New Chairman beckons.Another lightweight to join the team?.Suspect changes afoot in more ways than one?