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Just bought a few back @775.49. Now I am waiting for a spike up or a dead cat bounce. Let's hope that there will be one, lol.
I've bought and sold for a small profit in recent months. I sense another opportunity to do the same again. My main concern is of course the gradual drifting down of the sp following t/o speculation reducing. And the debt needs reducing. A big 'however' is that several diectors bought in November at over £9. That in itself is interesting and could bode well for a bit further down the line. And of course there's always the chance of another approach. At half it's 12 month high., I'm monitoring carefully
....but, it does seem that the market was not impressed at all. So, the SP is still falling.
Not for a long term hold, but is gambling for a spike and get out quickly with a small profit. Hahaha
Why did you buy a falling share ?
The shorters have increased their shorts. That's what is dragging the SP down. I guess the situation won't change much until they reduce or close their positions.
I see the SP is heading down again after a slight up tick yesterday. I am still sitting on my hand at the moment. Because the spike is getting smaller and smaller. It may may not worth the risk. Will wait and see how things go first. GLA and have a nice day.
To add to my original comment, Entain really need to do so much better with their betting companies. When you look on Twitter at betting tipsters and anyone showing their betting slips, you literally never see anyone betting with Ladbrokes or Corals. I don’t bet with either and it was Ladbrokes own fault, I once bet on a football match, only £10 and the odds were set wrongly, I got 9/4 on the home team to win whereas everywhere else it was 5/4. The bet went live and had not been cancelled. The home team won and I went online to collect my winnings and only after the match finished they voided the bet and said the odds were wrong. I bet you any money had the home team lost they would not have refunded the money. So I closed my account. Losing a customer for the sake of £10. What if people placed the same bet and Layed the home win on the exchanges, they’d lose loads.
Ladbrokes always has had a feel of being very laddish and targeting the poorer types of people. Coral is pretty much the same. If I was in charge of Entain I’d really focus on improving these betting companies, their image and aim to target more wealthier punters.
I love gambling stocks, I follow Flutter closely, I used to be invested in William hill before it got bought out and also follow 888. I haven’t followed Entain so closely but saw that their share price was around £14 a share. So what’s happened here to see the share price fall so much so quickly.
My own thoughts with Entain is that it is too heavily focused on Britain, Britain is a horrible market for gambling companies, the market is so saturated with dozens of betting companies, the cost of retaining customers with free bets and rewards is high and our nanny state government throw endless obstacles in the bookies way to protect problem gamblers.
But there can be no doubt, gambling will always be popular and there is a global market to tap into. I feel like there is huge potential as a result. Anyone have any good thoughts on why this share price is struggling? I see Flutter and 888 are also falling in recent months. Definitely a sector I want to get back invested into when the time is right.
Are we now seeing the beginning of a much-needed climb back up ?
The company still seems to be in a stronger position for revenues than ever before, but can they produce the profits ? I shall continue to hold.
Just like what I have predicted. It has dropped to below £8, but how low will it go? Nobody knows.
Order in to buy back @800, but the closing price is so low. I have changed it to 780 now. Let's see what will happen tomorrow then.
BTW, I have sold both of my Halfords and Xaar, only made a small profit of a few hundred pounds, lol.
I sold this morning then bought Halford and Zaar. Both of them have dropped more than 20% after results. Usually, the chance of a rebound is much higher after a sharp drop. That's why always buy the dip.
It does look like ENT will drop to below £8 this time. Will buy it back if it does. Good luck to all holders and have a nice day.
Yes, I am back in again too @813.24. Could this be the bottom?? Never mind, I'll sell at the next spike up (let's hope there will be one), hahahaha.
Back in this morning..
It was under Kenny Alexander’s tenure as CEO. The man who earlier this year casually stole a delivery driver’s car from outside a kebab shop to get himself home.
I don't understand why they have to break the gambling laws? Are they not making enough or is it greed!
Paid over 4 years and I know they can afford it but that’s surely going to pull the sp down for the foreseeable…
Goldman Sachs cuts Entain to 'sell' (buy) - price target 820 (1,450) pence
Https://www.thisismoney.co.uk/money/markets/article-12788389/MARKET-REPORT-Entain-shares-reverse-585m-bribery-fine.html?ico=mol_desktop_money-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fmoney%2Findex.html&_ga=2.230710103.919244509.1700946689-829466088.1679172563&_gl=1*1ycuf08*_ga*ODI5NDY2MDg4LjE2NzkxNzI1NjM.*_ga_XE0XLFFF16*MTcwMDk0NjY4OS40My4xLjE3MDA5NDY2OTYuMC4wLjA.
Time will tell if this was a good time to jump in but levels look quite safe now
Time to draw a line under this and start building shareholder value again.
Time for board resignations and/ sale.
I believe the current management is shockingly incompetent.
To distract from the truth, it takes every opportunity to lay the blame on the previous management for the company's current predicament.
The truth is they have been comprehensively incompetent in managing the company since 2017.
The HMRC investigation does not impede their ability to manage the company, as the case relates to the company affairs prior to 2017.
As an example, they announced on 10th Aug. a provision of £585m, leading investors to believe that is the total hit to be expected.
...................................................
10 August 2023
Update on HMRC Investigation
The Company previously announced an investigation by HMRC into its legacy Turkish facing business, which it sold in 2017, and subsequently announced that it is in DPA negotiations with the CPS to resolve the ongoing HMRC investigation.
The DPA negotiations have now progressed to the point where the Company believes that it is likely to be able to agree a resolution of the HMRC investigation insofar as it relates to the Company and the Group. While the full terms of a DPA are subject to judicial approval, the Company has a sufficient degree of confidence to take a provision of £585 million against a potential settlement, which would be paid over a four-year period in relation to alleged offences under Section 7 of the Bribery Act 2010. The Company currently anticipates judicial approval will be sought during Q4 2023.
...........................................
But low and behold, today they announce that the on top of that there is another £30m sum to pay or 5.1% more than previously indicated.
What an incompetent bunch.
Whether this will drop to £5 or not, no one knows, but it has definitely become a trading shares for the day traders. For that reason, I have dumped my holding for a tiny loss yesterday at 882, when it had spiked more than 6%. Then I have bought VLX this morning when it has dropped more than 6% at 279, after the H1 results were announced. It closed at 314! Must be the luckiest decision I have ever made. Usually, once I have bought a share, the SP drops like a stone. Whenever I have sold a share, it rockets, never this lucky, lol.
If only this would drop to £5 I would be happy to pick up a shed full.