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Britain’s biggest bookmakers are creating a self-regulatory body to impose tougher standards on the industry as they seek to head off criticism about the rise of problem gambling. Four companies – William Hill, Ladbrokes, Gala Coral and Paddy Power – are the founding members of the new body, which will be able to “name and shame” and impose fines on operators that breach the standards. (Financial Times)
Commission is being lowered to 0.75%. Either desperation or a good move. When Betfair was braching out I was 0% commission for 8 months, as were a lot of other big players. It certainly worked for them but I dont see this working for Ladbrokes' exchange as Betfair already own the market share. Imagine how bad things would be if they took away the FOBT's!!!
Blamed winning favourites in January and March ( premiership) for a poor trading update. I don't get the new adverts ? A bunch of bachelors in their early 30s groping together to swagger around. ?? It's poor form. The CEO is a joke The truth in the statement should read as follows We have lost further customers to rivals and this will continue Our prices are average at best and we can't compete with BET365 on Saturday racing. Accumulators are done with Paddy or betfair and we are likely to have a cash call in 2015 to shore up the books. Like I tipped in 2011.
Movement is nothing big, neither is the volume i.m.o. Will be happier when it gets past 140.
Good luck Gojo, going against the crowd often brings success. Personally I got out very early and am happy with my decision as I have watched a further 50p go south. I feel my money is better served elsewhere at present as I do not see a catalyst for a re rating any when soon, say 6 to 12 month. But I wish you well and hope I am wrong and they start rising soon. Much cheaper say another 15 to 20p down would make me interested because at that level a takeover could genuinely be in the air
The telegraph had this to say http://www.telegraph.co.uk/finance/personalfinance/investing/shares-and-stock-tips/11048777/Fund-managers-share-tip-Ladbrokes.html and recommend it. The shareprofit recommends saying this http://www.shareprophets.advfn.com/views/7302/ladbrokes-at-137p-can-it-emulate-william-hill-s-success So I am going to hold for a while longer.
132p If you are an investor (ie) buy & hold get out now. If you are a trader ride the falling waves cos its going to get tougher and the tides on the way out................... so for investors the ' boats ' not coming in any time soon !
Under-fire Ladbrokes Boss bags £1 million just days after bookmaker posts 50% profits slump: The under-fire Boss of Ladbrokes has been handed shares worth £1 million just days after the bookmaker reported a 50% fall in profits.
what is the situation, lots of buying and selling ..
Crikey ! that would be a long time coming to fruitition, Didnt CVC have a nibble at Ladbokes 7 or 8 years ago ?
thats why talks are being held for bid on ladbrokes
I thought cvc failed with a bid for Betfair last year.
£2 a share would be nice :) Any link to this?
Kiss Goodbye I'm afraid, Lot better bets for your money on a two to three year view
So the results really don't show a total recovery from Ladbrokes years in the wilderness just a potential to start catching up William Hills and the others. In six months time Ladbrokes could post far better results that prove all that they are suggesting or they could state then that its going to take them longer to regain the ground they have lost but that they are slowly making steps towards this. On the potential of a takeover the shares could improve but then there are other firms in the sector that might be far more attractive to a potential buyer, I guess that the sacking of Glynn might make the shares become less negative.
the face of it, looks unlikely to break 120s but needs to beat and hold 141p+ to, presumably, start a possible recovery with a target of c165p/179p ...
And again I suppose the crazy thing is that people like myself are willing to seed every single market they have for free, every day. Instead they have tumbleweed in about 75% of their daily markets. If anyone from Laddies wants to talk about this, feel free to post.
I think people are underestimating the exchange. It's USP is that there is no premium charge unlike BF. Horse racing has good liquidity, football less so. Plenty of room for growth on the exchange front. IMO, they need to be serious about early liquidity. I was willing to seed every market on the exchange with bots, and had done so, i had literally thousands of bets a day automated, but was warned off for 'taking liquidity off the site' i.e. having a winning strategy which didn't involve paying much commission to laddies. Really disappointing. If they communicate with and allow certain strategies from exchange market makers they will do better. It seems to me they don't quite understand the potential of the exchange yet. Make it liquid, everyone will follow. They have the capital to make the site totally liquid, yet fail to execute it. Even an in house bot mirroring bet fair's prices minus 1 tick would be enough. I mean, they are being neglectful by not doing this.
There is no such thing as a "good" or "bad" sports event.You employ Traders to make a profit and as Ladbrokes seem to have none then they will never succeed.The days of betting shops raking in the cash have gone as the powers that be at the firm have ignored their core product horseracing and have suffered because of it.The alleged "Bookmakers" that are making a go of it are those that convince the gullible to bet only with them via an app.In other words the punters that are not price sensitive.If Paddy Power can make it work (never knowingly above bottom price in an horse race) why cannot the Imaginary Sign.
I agree-whilst the results were quite poor, the SP has held up well today considering, so I think the news had been priced in. I plan to hold for another few months at least to see how the land lies. GLA
So what happens next year if the horse racing results are bad again? No World Cup to offset those losses. Add in that the results at this years World Cup were very good, at least on paper, for bookmakers. The biggest enemy, apart from the winning punters, to the bookmakers when it comes to horse racing results is the sunshine. If the weather is consistent and the UK has long periods of sun and little rain then the form of the horses in much more consistent and easier for punters, whether professional or mugs, to back winners. Royal Ascot was particularly bad for results this year and is every year when the weather is nice. This only applies to the flat as for the NJ season the weather makes little difference and if anything the form is easier to read when there is more rain than not.
You've made a few good calls on this Keith but I don't think the results are bad as such and there is still some room for optimism at the current SP. Probably have a better idea in 6 months which is longer than I had hoped to be in this for but at least the divi ain't too shabby Gla
Did they say turnover up but profits not? Who saw that coming.........................