Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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When someone says without a doubt there still Is. Purchases are way above sales. All betting shares affected. Gvc will not be hit too much because of its foreign operations. 888 is also down. Legislation not yet formulated its all election talk. Still ahead of 2 months ago. Massively oversold
Of course prohibition was mainly confined to USA
I am afraid I disagree this will hit profits hard....without a doubt ....but will not come into effect for some time and im sure the US will have all kinds of regulations.... I certainly did not get out at the peak but feel I dodged a bullet and as we learn more regarding any new regs the SP will be hit harder JMO ....
GVC is international and the mount lots on machines for them will be minimal and the closet of many betting shops all known about and priced in by the market. This is just a knee jerk reaction
Any legislation will not be good news but will only affect UK profits, we are a world wide company now having the American market opening up with the new MGM joint venture and should continue to grow. If legislation does come then the Government should also have to look at the Lottery gambling. With the huge prize on offer and constant advertising this must be as big a pull for the addicted gambler as any other form.
Any legislation will take at least a year at least. These politicians want to protect the public from harmful addictions. Let's look at smartphones and social media. It's only logical that they impose restrictions on there use in the form of a tax. Then what about tobacco and alcohol? Both are harmful, shouldn't they both be banned? We need restrictions there to. Of course, look at what happened during the prohibition era. And moronic tv programmes?
Im afraid that type of regulation although probably needed will wipe out huge profits......this has lower to go yet...
got to say I did expect a pull back but not of the magnitude maybe bailing out at 808 wasn't such a bad idea will be watching closely for another entry point.....
Unfortunately Kenny Alexander seems to have made a very public fool of himself (again!) by withdrawing his agreement to give evidence to the committee, when later confronted with the problems faced by one of his "problem-customers".
The committee, of course, has relished the chance to pour doggy-doo all over him from a great height.
Something about, "if you can't stand the heat, Kenny . . . ." comes to mind. We pay him millions a year to front-up at the difficult times, not run away like a fourth-former caught with a cigarette behind the bicycle shed.
https://www.casinobeats.com/2019/11/04/cross-party-mps-call-for-online-stake-and-prize-limits/
Seems there is a report coming out on potential limits to online gambling...hence the slide this morning
Nice to see us push through 900 today. Onwards and upwards.
Tie up with Yahoo Sports announced but non rns'd....could be big!
Increased my holding at similar levels & no plans in selling as Kenny has never let us down.Our next trading update will hopefully confirm progress in US -apart from here
Similar! Got in at 560. An absolute no brainier at that price given the fundamentals. :-)
Indeed. I like this company very much. I invested at about 550
Another strong day Bruce. Long May it continue!!!
Good to see a positive from Morgan cazenove they have not assessed it at all before. Perhaps the penny will drop with some of you doubting thomases
Still gently going up day by day. Another 1.8% today. What's not to like. And America not got going yet.
Why, broker ratings are mainly extremely positive. Why are you not sure?
Not sure really good investment mid term.
Why does it have to drop back soon?
Such has always been the way, Repression. The bookies nourish their profitable clients and discourage the costly ones. I knew Bernard Murphy, owner of one the largest betting shop chains in Liverpool, fifty years ago. An amiable man, who freely admitted that he loved the punters with their sixpenny-each-way 6-horse accumulators and hated the likes of myself who placed one or two single bets a week on a stakes race, usually two-year-olds, ignoring all handicaps, with £10 or £20 each-way.
When I said that 6d each way was a tough way to earn a living, his reply was "All grist to the mill", explaining that the chances of those long-odds bets ever coming in was close to zero, so if you had 1,000 punters betting a shilling a day for six days every week, that amounted to £300 a week, equivalent to at least £4,000 a week today. But if I came in and turned £20 into £120, that wiped out the losing efforts of hundreds of his punters that afternoon. This is the reason why the bookies drive Rollers.
It used to be possible to learn each shop's limit where they had to call the bet into head office, before taking it, and then have a good lunch-hour walk, around the city-centre betting shops, putting on just under the limit here and the same there. Although they did get to know my face. Nowadays with these pesky computers, head-office knows every bet going on in real time, which must make your job very difficult. Good luck anyway.
By the way, you're absolutely right. They do want mugs. Just look at the bets they offer, "Arsenal to win and keep a clean sheet plus Lacazette to score." with odds of maybe 4-1. It's nuts. The bet is a triple anyway and they're offering single odds. Anyone making a bet for a particular player to score, even Lionel Messi, is tossing a coin, but Barça to win? Until recently, that was a very different bankable proposition.
got out at 808 looks like I bailed too soon ....
No certainly not, this as I said is a well run company but with 30% gains just thought the time was right to take them....long term I see this much higher however I do see some turbulence on the way and I will jump back in if we get a pull back or market correction (which we are due) GLA