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I am very happy for your current gains, but please don’t count your chickens before they’re hatched
gl
Well done. You must be thrilled. People stuck at home. In house gambling, dog racing plenty to amuse. The whole gambling sector now alight. eg wm hill, bet at home
Good luck yield 10.4 looks reasonably secure. Think of all those people working at home. Will they find a little time to gamble on line?
thanks riverotter I've timed this purchase nicely.
How will the big UK bookmakers fare? A little summary of estimates on the coronavirus' impact on earnings...
https://riverotter.co.uk/2020/03/22/betting-on-wholl-survive-the-coronavirus/
got some at 325p
Put these on my watch list. Might fall more but I've read three publications and a brokers research note that says online gaming companies will do very well with people off work. No rush to buy as market down tomorrow I think.
Good luck.
4 m sold 6 m bought this is cheap
The venture is with MGM resorts
-it already is in the American market in a joint venture
.
Missed out when the price went from around £5 to £9 so thinking sub £5 is a good time to buy?
I’m unsure about the prospects of getting in on the US gambling market. cancellation of major sport events across Europe is obviously going to hurt profits.
From what I’ve read though potential earnings for next year look good and like most companies share price should return to previous levels prior to Coronavirus.
Bit late to cancel final div goes xxx on Thursday
Be nice if someone of us with a cerficsted holding could go to gm and question rd. I have some but live in Italy. Wonder if it will be in Isle of Man
GVC seems to have gone right out of its' way to obscure the $-numbers from Roar Digital, the MGM Resorts JV, which includes the very important results from the first season of betting on the NFL regular season in the USA to 31/12. There is virtually nothing except for percentages. Gross Revenue up by 55%. Digital GR accounted for 68% of total revenue and was, apparently, up by 137%.
All very positive and good-looking numbers, but virtually worthless from any valuation viewpoint. Is that up 55% from a base of $1 million, or a base of $100 million? We aren't told. Except for the one hard number - the JV (as anticipated) recorded a loss of £12.5 million.
The hard numbers for turnover and costs are buried within the results for "Rest of the World". Thanks a bunch, boys.
There's no breakout of start-up costs. No estimated further start-up costs as the business expands from 7 markets in 2019 to 11 during 2020. No estimate of the time-frame guesstimated to expand from today's 11 states to the 19 which have legalised gambling. This is very significant, as 11 states gives access to just c.20% of the US population, but 19 would give access to 50%. That 30% increase represents tens of millions of potential gambling customers.
Based on some less obscure numbers for 2019, released recently by Flutter and William Hill, it seems reasonable to conclude that the NFL market is proving a major and profitable expansion for UK Bookies. But why do GVC want to hide their light under a bushel. Is there any valid reason to hide good news?
Anyone care to speculate?
If that's the case then GVC could reduce or cancel the next dividend payment & use that money to service &/or clear some debt.
Good results see gvc news icon above
GVC has a big debt pile, which they are able to service, but only just. If Coronavirus sees European sporting events cancelled, as some fear, there may be a period of negative cash flow. I don’t think they’ve left themselves much room for such an event and they may struggle to get reasonably priced loans to see them through. They may have to issue more equity if this is the case . Maybe not time to sell just yet, but definitely not time to buy either.
I think there are a bunch dreamers in Jefferies, 1500p we should be so lucky.
Jefferies upgrade was today. 1500 as I said. Maybe they're right after all as we're up nearly 5p.
Can't see Jefferies estimate. Cazenove recent one 1100
So you don't approve of free speech. Extraordinary. Where would you draw the line ?
Jefferies now has price target of 1500.
Shorts have increased to 3.5%.
There's a case for broker estimates to be banned I think.
Thanks for the query b/2rads,
Re-checked and think I may have confused another holding of mine, that's holding a presentation and a full year results announcement today.
- I was referring to the RNS of the 13th Feb. Looks like I am in error. Apologies.
- It states March 5th as the annual trading results with an analysts presentation at 9:30am. Speed reading and posting on both boards, so apologies to all for mis-posting on a pre-results update today.
It fleetingly crossed my mind at the time: 'That's a bit close for an update, so close to the results'.
All markets badly down this morning, including US futures, possibly on fears of the virus becoming a pandemic. So added pressure on the SP.
Velo - where does it say there will be an update and presentation before March 5th ?
That billionaire boss of the Citadel hedge fund was in the media everywhere yesterday, even receiving updates on news items on my phone! What a stinker on what is supposed to be an upbeat day for GVC. No info on what data Citadel is basing it's shortpositions on so a bit nasty that initial drop of the SP. It was gearing up nicely for a positive reaction before the short announcement.