Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I have a nice holding in an ISA. When my wife died she left me a small holding of 37 shares. As her estate was UK based they asked for a fee of £80 as Isle of Man based. They settled for £40 still a fifth of the value. A callow youth asked where an outstaning dividend was to go. I said as she was dead and transferring into my name not rocket science to work it out. The so called bereavement team is a joke and it has taken over 6 months for which Rank took only 6 weeks.
I decided to increase my holding yesterday based on the forthcoming dividend & the belief that our SP will increase when Ex Div & particularly when it is soon announced that our US venture is live ahead of the start of the NFL season early next month
At the end of the day (Friday) I'm not so glum. Looking more like a slow burn delayed reaction, so I'm bullishly upbeat going into next week.
The day opened at 540 and closed up at 566 - so that's 26p up for the day, in itself!
- Yes it did intraday up a further 9p but lost it by close, leaving just the 26p gain for ther day
- but only a 21p gain of 3.9% gain compared to the previous day's close as shown in the records. Still good.
I'll settle for slow burning reaction to the interim update.
We'll see, come next week, if it's to be a slow burner or not :)
Some big ones late yesterday one of 1 million pounds o transaction too. The market is mad
Deutsche come up with target 910. It really irritates me to see wizzard results and then see all these automatic bear trades from people who have no interest i the dompany nor its success.
Positive Outlook & the US should be huge for us,although it may take 2/3 years for momentum to build + increased dividend is a message to The Market.Kenny & lee buying some of their shares back would be another positive although we cant ignore volatile Markets
fantastic results ...the SP is way out of kilter expect a nice rise today....very strong confident buy at these levels
And by krrrist let's hope there's something to inspire in them, as it's been **** since the 2 big Exec sell off's. Sheer ****!
Look at the Flutter Entertainment results today : profit after tax down but overall revenue up , divi maintained and shares nicely up . Profit after tax down due to government taxation .
The problem is gambling has become a political play now. With talks moving on from “having a flutter” to becoming addicted and ruining people’s lives. Whichever government is in power they will have a mandate to curb gambling. Whether in betting shops or on-line. I5 will be interesting to see how GVC and others like William Hill and PaddyPower can do what the tobacco industry couldn’t , and make betting relatively harmless.
We hold the stock and have seen the share price halve from £11 to 548p. The market cap is £3.2bn which is roughly what the company paid for Ladbroke. On that basis everything else is worth nothing.
Interesting to look at the directors sales. It shows sales in the 900p range, and most recently two key directors selling their shares at 666p.
It is easy to say it is going to do an Acado and turn betting shops into an on line giant. I hope it Willburn there is nothing evidence to support what is a falling knife.
Well. This is proved by the fact most betting shops are in poor areas. However, as GVC is largely on line and well diversified over different jurisdictions including USA I am very bullish in all conditions. the SP is weak presently as all world markets are.
How good are gaming co's like GVC as defensive plays if the economy does take a turn for the worse? Do people expect revenue to hold up in such a scenario, interested to hear thoughts?
What has th st got to do with it in 350 and all share.
He he he exactly and we are not even in ft100 .
But as we know this is untrue certainly among ftse 100 concerns a large percentage of which make their money abroad.
City and British investors tend to see any business listed on Lse very narrowly as British,making money in Britain. Cut to Fobt made them wary that it was the assault on British market.
Bwin Party was taken over by GVC on 1st Feb 16 for 1.1 billion so some value has been extracted from this deal so far. As to where the value of the Ladbrokes Coral deal has gone we will have to wait and see. I guess we just need this whole sector to get a re rating .Maybe when the USA starts to fully open this will help too.
With my post I indicated that Partygaming might be revived . In fact I do not know how they fare now or even if they do any business .
I am not clear how any Partygaming valuation has any relevance for GVC shareholders now? I don’t know where the £6.5bn valuation went - there is no audit trail other than what looks like a company that doesn’t seem to be traded now. Was it integrated into GVC when it was building up the company that took over Ladbroke Coral? There is a lot of interesting history but no evidence of any money/value which would add to the GVC market cap.
The basic fact is that if you put together all the parts that went into making GVC pre the Ladbroke deal and factor in the amount that GVC paid for Ladbroke the pre deal value of GVC has virtually disappeared - the whole shebang is only worth slightly more now than what GVC paid for Ladbroke of £3.1bn. That is my difficulty in understanding why the whole world of the “experts” is pointing to GVC as a massive strong buy. And has had that rating since the bid for Ladbroke. What am I missing?
Partygaming valuation of £6.5 bln in the past raises the possibilty that the brand might achieve this value again . Then imagine spinnig it out and float separately . How gvc shareholders would benefit ????
The market cap here now is £3.4b .GVC own Party Gaming which was valued at £6.5b in 2005 when it was high flying in the ftse 100.It also owns now ladbroke/coral.Ladbroke was valued at £2.1b in 2013 this value was not including Coral as that deal had not been completed then,so without Coral this is £8.6b.So is there a lot of hidden value here ? Also has anyone heard anymore about the Adult Gaming Centers or seen what one looks like ? Maybe we just need the sector to come back in favour.
Historically gvc was always good at migrating customers , very careful and never rushed the things , they have done it with Btwin and Sportingbet .
Reductions in costs and synergies were baked into the rationale for paying £3.1bn for Ladbroke. They have to be radical and far reaching if they are to make any sense out of the bid, which cost them their cash and a large element of debt.
I went into a Coral shop to place a bet on the Open recently while racing was going on and the place was empty. Since what GVC paid for Ladbroke (£3.1bn) is almost all the current value of the combined group (£3.5bn) we have to hope that they can convince the punters who used the betting shops that will close to move to GVC’s on line offering rather than to Paddy Power, Sky etc.
I mean the reduction in costs due to the synergies .