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some confidence in LAD. Late purchase of 1.267mio shares. Has anybody any info on what has caused the drop today ?
Looking for entry point around 90-92p for 10% divvy , see this going sub £1, dog of a share but management know they must pay the divvy or this will be a true penny share.
Well at least he still is technically til the 31st March!!
Their attention to detail is so poor they still have a picture of the old CEO in their corporate website featuring Glynn as their current as the CEO.Clearly nothing has changed !!!!
If bidders were interested, the perfect time was in the 3 months before today when the business had no long-term CEO and the share price was at an all time low (of recent history). I doubt Mullen's new contract would be much cheaper than an external candidate to payoff. I think the only reason one would appoint an insider is that Jim was the best of the candidates as there were no strong external candidates and they preferred to stay with someone they know rather than take a risk on someone a bit less experienced like the Glynn appointment 5 years ago, which didn't work out.
The only reason you would appoint an insider when everybody else wants a highly qualified outsider, is when you want the company to look attractive to bidders, now they can grab the company without having to incur a huge payoff for the monkey in charge. If that is not the case then we need to sack the board for being incompetent idiots.
Well this appointment will just further alienate Ladbrokes Affiliates and also players. The move to playtech was not popular with numerous players, and the new affiliate program is none to popular with affiliates. It will be a lot more aggressive though, that is for sure. http://www.onlinecasinoreviewer.com/forums/threads/ladbrokes-appoints-new-chief-executive.8866/
He was only at Hills for 3 years and yes he ticks the boxes as a digital bod but the role required here is much wider than that He has a whole company and brand to lead and drive and the company needs some heavy lifting.There is nothing in his CV which indicates he can meet that challenge . I remain unconvinced
Harvard, those are very rose-tinted glasses you are wearing. When a business has struggled as much as Ladbrokes vs its peers in recent years, the market was hoping for a strong external candidate to shake things up - it is much more difficult for an incumbent to stand up at the next results and kitchen sink everything, fire loads of people and make significant changes when you've been involved in it for the last 18 months, particularly as Mullen's been in the division that has disappointed vs its peers. He may (or may not) be better than Glynn but the market was looking for more than that. Good luck with your holding
I agree just topped up bought another 66.000 and 8% dividend.
Check out The Wall Street Transcript where it tells of Jim Mullen past experience. His experience includes working as a stategist for News International, and he was Director of International Business and Stategic Programmes for William Hill. He will not be working alone, but with a BOD. i cannot see any reason why he might have difficulty wielding an ax, I wouldn't. I have to wonder how much of his eighteen months with Ladbrookes has he been thwarted by the current CEO in achieving his goals? That was an interesting question, who will replace him in his current role as Director, Digital. I notice that at times this morning there have been almost three times the amount of buys to sells in Ladbrookes. Whereas, Betfair and William Hill have more sells. I believe the price drop is a buying opportunity in a turnaround. If you do read twst.com, I'd be interested in what you think of his remunaration package. ATB.
Yes but what is needed is a strategist If he is 100% focused on digtial aspects who is looking after everything else and vice versa who is replacing him ? He has been part and parcel of that team for 18 months and there has been no real signs of stopping the rot .difficult for him to wield d the axe but lets give him achance
Cant understand fresh blood was not brought in here, market will punish them for this.
The new appointment is clearly telling the investment community the direction Ladbrookes is going. He is not responsible for the wrong decisions and errors of the outgoing CEO, but rather, is now free to push forward a profitable internet presence.
On one level the appointment of the new Chief internally who is the digital man recognises the importance of this area but he has been part and parcel of the current malaise We needed some heavyweight outsider who would be prepared to make some sweeping changes,Disappointing
that was a good call you are spot on
Adding more duty to the hated FOBT,s -Soft target and appeases the voters
what makes you say that
Suspect the Budget wont be doing the bookies any favours today
Just goes to show how far things have changed . Ladbrokes who over many years crafted a brand_ led the field. First bookmaker to sponsor horse races Introduced political betting and other novelty betting etc etc . Blinkers on they they have let Paddy Power slip right through on the rail .Its hard to believe that they have a market value almost 3 X Ladbrokes They have even organised the betting on the new CEO of Ladbrokes Looking down the list there doesnt seem to be many game changers -all selling platers . They need to drive a coach and horses through the management Shame on them
Lets hope the divi doesnt fall like the horse. I suspect that fishing wire will be unseen again at the next results presentation. The new chaps a fisherman so I have heard
Potentially another Mullins mauling today either that or Mccoy slips in a few Annie crashing thru the last would have really sealed Laddys fate with 20-1 accumulators riding on her back.Rock on Ruby. I pressed my finger on the sell button for half my stock as Faugheen jumped the last
As I am not much of a horsey betting type. Apparently things were not going well for LAD when the racing results were going against the bookies. Talks of loosing millions and apparently knocking the share price yesterday more than the market wobble. Anyway thank got for that LAD shareholder who had that invisible fishing line that got pulled tight just at the right moment or was it the gunman on the grassy knoll? https://www.youtube.com/watch?v=G-xT1oDbmDA
Any idea when this is likely to be announced?
Either the RNS with the 65 Director share purchase or maybe a shout from Willies stable lads saying the hosses hadnt eaten up their breakfast