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today. Going to reinvest in a different sector I think after reading this bb.
crookman, You have worked diligently over a prolonged period and it is testimony to your good judgement, other than the initial purchases I suppose, that would allow you to exit without a loss. As you have said, there are many stockholders who will see even £1.30 as a huge loss. Over the period since the merger the stock market has increased significantly yet Bwin has declined hugely. The stock price was artificially boosted by hopes of an American re-entry and the volatility attached to that sentiment. When all is said and done though, this management team were unable to deliver the basics in their own markets and were so obvoiusly incapable that it screamed out to anyone who knew the business. Over the same period the likes of Playtech or 888 have imporoved markedly as they possess good management teams,. The loss of opportunity cost has thus been substantial for long term Bwin holders. Whilst i had made good returns out of both 888 and Playtech; I'd thought Ladbrokes would find its feet and emerge from the wilderness, however, that's been a very poor decision on my part. The truth is is that there are a few parallels and the takeover will provide an exit point to mitigate losses and the ultimate exit for me from Ladbrokes will follow a similar path to yours here (except that i'd not trade it and will have to just stomach the loss) The joys of investing i'm afraid. I think your exit is quite close and you deserve your break even position( at least) just for your hard work, concentration on detail and patience alone. Kamel
The thing is that it makes a mockery of capitalism that your cr6p you pay no consequence and carry out a blatant wealth transfer from the many to the few. Like any corrupt ediface these idiots think they can chip away over and over. The results are as in America share ownership by PI is at a historic low. Not easy feeding in the sea when it has only sharks.
The only saving grace for me is I will actually walk away from this not at a loss, as long as the final price is 122+. I know many of the other long term holders may not be so fortunate, my first buy was back at 245 so it’s a miracle that after trading my butt off through the decline that I’ve got off maybe even with a small profit. It’s still infuriating that Teflon is going to get away with it though.
Takeover agreed sell shares bank the cash accept your loss through gritted teeth never give the muppet another thought. his "bonus" has already been paid many times over already - it was continuity of employment, and he never deserved that.
http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/leisure/11626924/Bwin-boss-to-cash-out-in-gambling-deal.html Just the thought of this idiot walking away from the mess he made with all that cash for complete failure makes me feel ill.
This is probably the first time ever a tip on a BB has come through. If I had a quid for every: news us coming soon and it will be huge .... I'd be able to exit bwin without a loss. But fair dues wing called it and did us a favour so thanks for that. Obviously we want any and all insider news you get from now on
I'm gutted I'm in Mauritius was prepared to dial in to see if I could ask some pertinant questions of old Norbert but I am currently sat in the hospital with my better half. Seems like it would all have been a waste of time giving him a hard time its fait a complis anyway.
No, I do not suppose they do. The results are fairly poor but the bar of expectation is now pretty low anyway. Even the news from the US is becoming only peripheral until the takeover question is resolved I genuinely cannot see the Board even being able to oppose the takeover as without this the shareholder value would probably revert to 80p and below with no real narrative from them on how it would return even to the level it is at today. At least there should be a meaningful decision and possibly visibility of the actual bid price that would result from the interest shown. End game here should not be too far away now. GLA
Does anybody really care about the results anymore? ha-ha! Expect takeover decision within a couple of weeks. Fingers crossed the board ego's don't get the better of them.
"I certainly think it's realistic to think you would get an offer pitched at the 115 (pence per share) level. Possibly higher if you've got multiple bidders," said Canaccord Genuity analyst Simon Davies
Stock going down right before the AGM. Is there something which big investors know
Agreed, at £1.30 I will be well out of pocket. My average was £2.90. However I have learned my lesson.
I think the problem is that even if the best thing happens a takeover at £1.30+, all long-termers will still be well out of pocket....including myself! The merger to create BPTY was a disaster for shareholders of both companies and the share price never recovered. GLA
I find it really surprising that even after two suitors have come out and said that they are ready to pay 120+ per share, the stock prices is still stuck at 107p. The confidence on this board is so low that no one really believes that a deal will actually happen.
I see that the AGM is on the 21st May, lets hope we get some good news then. The sooner this share gets taken out the better. It has been a most disappointing investment for me.
The indications that GVC/ Amaya are willing to pony up 1.5bn Euros for this (representing around £1.30) would lead one to believe that the speculators could earn a "quick buck" by just holding in the meantime and I'm surprised taht the SP has not climbed higher. There must of course be an inherent fear that talks will come to nothing and any deal will not proceed. The deal must surely be closer as a result of both GVC / Amaya and 888 showing their hands. Whether anyone else comes forward over the next couple of weeks is anyone's guess right now. There surely has to be an expectation that a formal offer shall be forthcoming. i just wonder if the 888 strategy is designed to force Hills into action. The premium to buy 888 may be increased if they have engulfed the competition as well. One thing is for sure if Amaya genuinely want this they'll end up getting it - even if it is indirectly through GVC.
Even taking the UT trade out of the equation still some big after bell showing buys somebody building up or expecting serious news in say next 24 - 48 hrs ?????
http://www.ft.com/cms/s/0/7677c410-fd27-11e4-b072-00144feabdc0.html#axzz3aWIszCmh
GVC are punching above their weight and what do Amaya need them for? Er, remember Sporting Bet. William Hill (bigger than Amaya) needed GVC for that deal. Kenny Alexander is a highly respected, not to mention clever, player in this arena.
WN, we are on the same page for sure.
This BoD may be awful but even they would not be stupid enough to preside over the almost certain collapse of the SP should a suitor not be selected. There can be no doubt now that a merger/disposal is clearly in the best interests of shareholders. Hopefully they'll be shuffling off down to the Job Centre soon enough At a price of one and half billion Euro they would be winning a watch (and so would we)
You should be correct, but I don’t trust our board to make good decisions. I could just imagine them saying no thanks to both as they feel they can do better going it alone…..NOT. Years of disappointment tends to make you a bit pessimistic with this lot…
You hardly have anything to worry about with a contested bid; GVC/ Amaya on one side and 888 on the other!
Maybe see another RNS today after Amaya opens for business (Canada)