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They are pushing for a quick deal and have again stated today (both Ceasars and Hills) that it will most likely be done in Q2 or even as early as March: https://www.morningstar.co.uk/uk/news/AN_1609233490989016600/caesars-expects-us-clearance-for-william-hill-buy-as-early-as-march.aspx
Paisley, In Caesar's offer document they say that any payments by WMH of dividends to their shareholders, will result in CZR reducing their offer of 272p by a similar amount. Which seems rather tight, seeing as they've paid sweet tweet for the company so far, but they want 100% of the profits it makes between their September offer and likely payout in another 9-12 months Schmucks!
You don't pay stamp duty on a sale.
I have made a nice 272% so could sell now or wait to possibility late Q2 2021 to be paid out, for a few extra pence and to save on stamp duty/ dealing charges. I see it as money in the bank and would not use it ti invest in something else as already 99% in the market and not much cash at hand. Does anyone think we could get any dividends before the sale? I suspect not!
Do you think that’s as the markets get bigger , and states open that companies will merge and there will be buy outs ?
Smudger, your comment on debt got me looking at the latest financial statements, which unfortunately, are only for the 3rd Quarter. The problem here is simple. Eldorado plc bought Caesar's for cash, roughly $28 billion, and now has $31 billion of assets. Then it changed the name of the plc to Caesar's, so the latest accounts aren't remotely comparable to past years and the 3rd Q numbers don't go into much detail.
Many takeovers today are highly leveraged, but with interest rates on the floor, buyers can "afford" them because cash-flow covers the low interest payments, and increasing profits (we and they hope) will serve to increase the asset values, so a few years down the line, you can sell off some of the assets to bring the gearing down to a more sensible level.
So, yes, it's a roll of the dice, but these are gambling companies, dammit, and a whole bunch of, presumably sensible & sober, bankers clubbed together to lend Eldorado almost 30 billion bucks, so they must reckon the debt is manageable.
My view on the risk and reward is that someone is possibly going to make a-once-in-a-lifetime-fortune out of the legalisation of sports betting and casino gambling in every state of the USA, over the next 5 to 10 years and maybe more than one company will do that. I'm spread across Entain (GVC), Flutter, Caesars and I'm looking at a rather interesting US ETF, run by Roundhill Investments, under the "BETZ" code, which own stock in some 40 assorted plc's around the world, all which are anything and everything to do with legal gambling; bookies, casinos, betting technology and online management.
If one of these hits the jackpot, then my grandkids will all be able to drink themselves into a permanent state of oblivion when they get to uni. And why not?, he says, smiling.
I hope you in gone up 3 points today
Thanks, I think I'll have a little dabble. As you say the growth is there to see.
Good luck what ever you do
Iv stopped reading the fools articles, the rubbish all shares doing well because they haven’t advice on them , I bought cineworld at 27p , they said it’s one of the worst shares out there now they are 62 and going up
Growth is the key thing here , there profits are going to get bigger and bigger , as states open up and they will , they have given the COVID vaccination the go ahead now in USA , the sp has dropped the last week , maybe now or never for buying
I'm in two minds about investing some of my WMH proceeds in Caesars. On the upside is the prospect of huge growth in the US betting market but the company's 16bn debt is worrying. Any thoughts?
https://www.fool.com/investing/2020/12/09/where-will-caesars-entertainment-be-in-5-years/
No but I will , iam into Caesars72 dollars dips over last couple of days , but iam long term , would not surprise me if Apollo made a bid I think you mentioned this before, cineworld at 27p. Capita 49 p. Amigo 9p all these shares are risky but huge returns for not to much money
I was being petty too but finally decided to invest elsewhere so sold the other day for just over 269. Diversified my holdings into AMGO and ESL along with CZR on the NY exchange. I know a few people decided to have a play on Caesars, does anyone have a firm return they are looking for on that one? I see it has taken a dip the last few days so I may well look to buy more as I think it could be excellent value long term.
Hi all hope you are all well, just put some money (small amount £800) in to GMR, anyone else looking at them?
You can b sure they won’t give it away cheaply , me being stubborn cost me big time , but in now thanks to you , iam in cineworld and capita , but to b honest iam thinking of taking my £25000 out and putting all in Caesars a lot less stress and iam totally confident of Caesars with what I know is coming up over the next year , thanks again
Welcome aboard with your Christmas light bulb, Ian. Here's hoping we have an entertaining and profitable ride with Caesar's in 2021. I'm curious as to how much they'll be able to sell the UK operations for? A big price will reveal just how much they pinched from under "our" directors noses.
I got out and into Caesars I made £1256 so I made what I would have waited for months thanks gawilla
Light bulb lol
Gewilla , you was right I was holding on just because iam stubborn and not thinking straight because I was so furious about the sale but now I have sold , and bought Caesars £35000 at 73 I was always going to buy , I should have 2 weeks ago , reading your post like light build moment what was I doing , cheers come on Caesars lol
I said a sad, yet poignantly happy, farewell to Willy Hill last week. Happy because several buys starting in August '19 generated an overall 80% profit.
Sad because Caesar's have got a bargain. So . . . yesterday, after some faffing about with one-off paperwork to allow trading in US markets, I bought into Caesars. If Hill's is half the blatant steal that I believe it is, then CZR will be north of $100 within 12 months.
An interesting fact, I've discovered, is that much of the state legislation that governs sports-book (as they call it) gambling, obliges the bookies to confidentially declare their monthly turnover and profitability. The data is then anonymised by the state, when it issues a monthly total, which is published on lots of US websites.
Given that all the bookies give estimates of their overall US market-share in their quarterly/half-yearly updates, this enables a PI to keep an eye on how profitability is growing. This is important as their set-up and initial marketing expenses are currently very high & swallowing most, or all, of the gross profits, which are not being separately disclosed.
These numbers are presently growing like Topsy. Just yesterday, Flutter, in it's FanDuel purchase papers, said that it expects it's US business to become as large as it's combined UK, Australia & Ireland business during 2022. And this is with only 1/3rd of the total population currently able to bet on a mobile, or visit a betting shop. All of the four largest states, California, Texas, Florida & New York are yet to legalise.
So my polite suggestion to those of you who are hanging on for the last penny and no commission in late '21, is to think about putting your cash to work in GVC & FLTR, (or anyone else who's active in the US) now, because, imho, they'll both be standing at rather higher prices in 12 months. Have fun everyone. Sin can be very profitable, if you invest in it.
I am sitting on 20 other stocks and not wanting to invest in anything else, So its spare money thats in WMH
By hanging on you stand to gain less than 1% (against today's price)...are you not concerned that the rest of the market will move more than that (especially given the likely timescales...min 2 weeks, maybe as much as 6 mths). Of course the market could go down, in which case you'd be laughing. Your choice, but I cashed out on Monday (to buy other stocks) and am currently up 3% as a result.
Me as well , the board ripped us off and iam going to get every penny out of them , not sure how long I will have to wait for payment tho
I have not sold my shares, I am waiting to get the full amount less commission, Trying to get every penny out of this sod.