Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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This year one, a few , or all of us have to either attend or call in and state how we all feel : Norbert had to go, and we start from there. Time for ******** on bb is passed we all need to say it when they have to listen , at the AGM.
There cannot be nothing more toxic than Teflon and his merry band of men and women all who hide away in Vienna well away from the day to day disaster which is bwin.party. No CMO, no CTO, no COO, no proper Compliance team and mobile development. A Chairman who should have immediately removed Norbert and his gang would have shown leadership and a commitment to the future. This company is waiting to die a death by the end of the year. Most of the good employees have already gone or been dismissed by Norbert.
I could not diasgree with you there. My own feeling is that there will be change shortly enough. The prospect of a full takeover is dissipating and a hybrid of partial asset sales and management changes seems more likely. Surely there must be change and the selection of the correct buy in price is of course fundamental. FWIW, I took the plunge at 77.75p with a view to seeing out the summer months and only time will tell if i should have settled for a quick 11% return instead. Something just tells me that when every analyst on the planet is indicating that they would not touch this with a sh***y stick that there is something more that the wishy washy takeover speculation allowing the SP to be artifiically maintained at levels that the fundamentals clearly do not appear to support. As ever, GLA.
Highly unlikely to hit the £1 mark unless of course of a takeover. The SP is struggling, and it's more possible for it to drop into the low 70's. If the talks dissolve then it could even drop into the 60's. It's going to be another poor year of results for Bwin so the only thing that will get the SP moving would be a takeover. Risky punt, but worth it at the right buy-in price.
Read this over the weekend, for a brief moment I thought you had written it Kamel....lol But it does sum things up!
http://seekingalpha.com/article/3121356-bwin-party-digital-entertainment-dont-buy-this-management-team The only thing is that I think someone will take a punt on this. My view is that this may well get to a quid before its eventual demise or takeover
I doubt they'll release any information before the election as they wouldn't want gambling to be on a political agenda. Not holding, but will buy back on a dip.
Jacksparrow, I'd been fed somewhat similar information although the end of April was not mentioned. I do know that the staff morale has taken a hamering of late and that the management are fearful of losing their good employees. They have been happy to lose headcount to reduce the cost base however the prospect of losing a significant portion the more talented middle management is of real concern as they would be hard to replace. The employee communication has apparently never been good and most of the staff regard it as going through the motions rather than any real form of staff inclusion. The senior management are regarded as very poor with "butt covering" being a very common criticisim. The recent marketing campaign has apparently yielded some positive results, although how positive remains to be seen, and it will be interesting to see commentary on any results in the next interims. I remain invested until at least the end of the summer and I am tentaively hopeful of some movement,before then. The resistance level at around the 80p mark seems to be pretty solid. The recent market weakness did not have an adverse effect on the SP here and that must augur well.
I had got an update from a source which said that the company promised the employees an update on the takeover decision by end of April. Knowing the management and their habit of missing targets, its no surprise that there is no update whatsoever even after 6 months.
Still no news
Now looking better and better!!! 85.9 gross with the divi :)
Ex div today but still above 80p - it could be worse
Especially being ex-div tomorrow.
Every little helps
Now they’ve obtained their own full licence, does this make them more attractive as a T/O target or will it just encourage them to try and go it alone? The latter option would be a huge mistake in my view, but then I’m bias.
First good news in years - I hope it's reflected in the price. This has fallen off most investors radar. Good news/price movement will attract the caravan.
Up 3.49% but couple of big buys the rest sells. Not sure if that send a message
Online poker hearings will be held in Sacramento. The first will be on May 20 with the second scheduled for June 24.
15.46 - 2.4M buy on a O trade. That one jumps out at you!
Making some moves on pokerscout...
There must be news soon - holding at these low levels - could go either way
Interesting to see Amaya divest various assets - http://www.sbcnews.co.uk/europe/2015/04/09/nyx-gaming-takes-chartwell-and-cryptologic-businesses-for-80m/ Other news - Launch of Foxy Bingo Casino. Keep an eye on Pennsylvania. I wouldn't be surprised if they pass a online gaming / poker bill this year.
This company doesn't even attract rumours
This is a somewhat strange development in that there has been a significant amount of TV advertising for Party Poker in the UK of late. Given the dire nature of the results from Poker and the focus on cost cutting this appears a little out of step for this Board. The poker business is in a likelihood operating at around breakeven at best ( It is difficult to know because the cost cuts may have occurred here more than elsewhere). For a Board who had neglected to advertise over a prolonged period, whilst it was still profitable, this seems counter intuitive. This appears to me to suggest that they need to fix this because there is no buyer for this part of the business (most likely IMHO) or that they have identified an opportunity to rectify an easy failing. An objective outsider can see that the benefits accrued to 888 / 32red and Hills from TV advertising were tangible and worthwhile. Even companies such as Betway, Supercasino and minnows such as Netbet etc. had TV presence and this just left Party out of the loop and trailing behind. This suggests to me that there is an appetite to fix it at long last. Whether this is in fact genuinely possible or worthwhile is another question entirely but at least there is a willingness. I for one was genuinely disappointed that PTEC have concentrated elsewhere and I'd always thought they would have had a say in the eventual outcome here. They may still be involved but it does seem an increasingly remote possibility. There must be a change here and I can only surmise at the current SP that the risk reward remains heavily in the stockholders' favour. I would caveat this by saying that if the current BoD wanted to go it alone from here there would be an immediate and probably permanent drop in the SP until change did occur. The market has no faith whatsoever in this BoD and without the security blanket of inevitable change through a takeover there would be enough stockholders making a path for the exit to test 70p and possibly even 60p. It will be interesting to see the effects of the advertising on player numbers once a suitable gestation period for the new marketing has passed though. It the advertising has no effect on player numbers then it could perhaps sign the death knell to any meaningful profit being generated from poker. On the flipside an upturn may quite quickly give potential suitors a taste of what could be done with the brand if effective marketing was put in place.
Oh, it’s the last chance saloon for this lot now. I think we may well see something to pop the price up going forward but how much who knows? I think even by their poor standards to come back after nearly 6 months and say nothings going to happen would be madness. Saying that it’s madness to have hung on so long to this share but I do believe in miracles! Sorry to hear you were in energy, that moved pretty fast.