The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Hi Strudel, lucky you missed it, cheaper to buy this morning!
£12.30 price, with a 90 day lock-in period.....
Who feels as if they are not on a level playing field?
You mean "been & gone"
Tuesday RNS at 5.03pm
My broker email arrived 5.46pm
Offer closed at 6.30pm (or possibly before depending on the uptake)
.....how to ensure the Private Investor is ignored.
Should we be grateful it wasn't done on a Friday?
Entain to buy Polish betting operator STS Holdings for $946m in association with EMMA Capital.
Equity placing & possible public offer coming up.
Ace Of Clubs
RNS: 15 May
Entain plc (LSE: ENT), the global sports betting, gaming and interactive entertainment group, announces that, after 18 years with the Group, Robert Hoskin is stepping down as Chief Governance Officer. He will leave the Board on June 30 and remain in role with the Group until 31 August 2023.
Robert has been with the Group since 2005, originally serving as Company Secretary and Group Director of Legal, Regulatory and Secretariat, before being promoted to his current role in October 2020, and joining the Board in 2021. The Group has taken the decision to restructure certain responsibilities, in particular Regulatory Affairs given the strategic importance of regulation and our focus exclusively on regulated or regulating markets.
With the never ending series of "compliance" or rather "non-compliance" issues regularly arising Robert Hoskin should have been dispensed with years ago - not up to the job. The whole of the Compliance Board Committee are culpable. The giveaway of Entain's Turkish operations to a Maltese entity had a stench to it at the time. Entain is gaining for itself an unenviable reputation and only the BetMGM connection is keeping the share price afloat.
Better management needed if this company is to fulfil its potential.
AceOfClubs
Https://www.londonstockexchange.com/news-article/ENT/update-on-hmrc-investigation/15978038
In my post below, in referring to cigarettes, I used a slang word, in use for over a century. I'm aware it's also used, more recently, in the USA as an insult to men of the ****sexual persuasion, but I never imagined that it's barred in the UK. Is this because I'm closer to 80 than 70, and am I in danger of joining the marvellous Ms. Rowling and getting pilloried by the wokerati? I do hope not. Happy Days!
Lucy Frazer, the umpty-third Culture Secretary in charge of the review of the 2005 Act, has written a very calm and measured article for The Times today. Despite this, my favourite rag leads the front page with an incendiary and totally untrue headline; "Game is up for gambling firm exploiting the weak, vows minister."
Lucy herself, buried on Page 8, writes: "That's why the government is committed to an overhaul of the rules with an approach centred on balance: to protect the most vulnerable, but not get in the way of the majority of people who want to have a flutter. We live in a freedom loving democracy where, for the overwhelming majority of adults, betting is a bit of fun."
Stand by for the tsunami of pre-prepared sob stories, from minority special interest groups, about children being sold into slavery, because Dad's blown his pay-packet down the dogs. All of which is very sad, but addiction surrounds all human activities, including work; we don't close the pubs to everyone who enjoys a pint because of alcohol abuse by a tiny minority. Bats and Imps still sell ***s to those who enjoy a smoke and are willing to take a chance of not developing lung cancer. It's called freedom and being treated like adults.
The idea is being floated that the bookies will have to investigate any punter who loses £1,000 in a day, or £2,000 in 90 days, which seems very sensible, because unless you're earning over £100,000 a year, that's significant cash.
Meanwhile, the fact that ENT and FLTR are both down less than 1.5% today after significant run-ups in the last three months, would indicate that all the brouhaha in recent years will soon be behind us. Praise the Lord and pass the ammunition!
Decent stake disclosed by global fund manager who, I assume, see value at these levels
Excellent results - NGR incl. BetMGM +22% and positive progress across the business - still a few areas such as Germany disappointing - but out of ENT's ability to influence.
365scores - the purchase rationale - adding content - good conversion to real-money gambling and positioning at the top of the hopper - top 5 App globally.
BetMGM - on track for profitability in H2- market share target 20-25% remains. Presumably, on the Sports Betting this target will come back into focus once the competitors dial-down the promotional bonanza - which at some point they must.
Brazil - moving forward with regulation - 15% betting tax on the cards plus Corp Tax. ENT in leading position and looking to establish the same in the regulated market. There was previously Analyst concern that if Brazil didn't move forward with regulation - ENT may have to withdraw.
Whitepaper - not concerned about a material impact.
Australia - despite new market entrant ENT believe that they are taking market share in a very competitive market.
So, a few pinch points but overall a very strong performance.
Good numbers and outlook imv.
Very long term.
Excellent purchase.
admin the AGM is just coming up
Jefferies up lifted to 1800. I still think they are over sold
rns re directors holdings under a scheme. always support this sort of thing
spoke too soon. Huge sale end of day £18 million!
up to £8 million in purchases. that is institutional money
I prefer facts to fables.
Today so far sales of £2.5 million but purchases £6.3 million. Very positive I think
Inclined to take the divi and run. Constant struggle for gambling stocks.
I once went to Fontwell a rare figure of 8 course. I had a tip from someone in the know that a certain horse never even placed would be trying as would the jockey. Opening price 8/1. Sadly the news was out could barely get 6/4 and it won comfortably by 8 lengths. I still think Entain will come good.
well its not a 2 year old ready for a 6 furlong sprint. More of a stayer perhaph a contender for a Grand National.
One oppo one rarely mentioned here is 888. Well if I sell it will immediately be taken over
There is no doubt that Flutter shareholders investment has done much better than holders of ENTAIN. I think the "hope" with ENTAIN is that it will eventually be the subject of a new bid either by MGM or a much bigger action for both business.
All main players in the US are currently losing money and those losses will continue in 2023. At the moment the fight is all about buying market share: Flutter is winning that fight, particularly in the Sportsbook trade.
From your Irish Times link: "The annual report’s figures show that Flutter’s target for non-US earnings before interest and tax was £1.146 billion, while it actually achieved £1 billion. Had it hit the target the top executives’ 2022 pay would have been similar to the level received in 2021."
Note the reference to non-US earnings missing the target.
Just look at the numbers ashton: then decide which has been the best investment.
AceofClubs
For info, Flutter / FanDuel may not doing quite as well as you think.
I don't own Flutter, I do have a position here.
https://www.irishtimes.com/business/2023/03/09/flutter-executives-lose-out-on-multimillion-bonuses/