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We are back in at 120p decent div, people still have a bet and the Football season is starting so there must be some growth in the share price, I hope.
Bruce you are on the wrong board as ticker has changed to LCL...merged group now called Ladbrokes Coral Group PLC (LON:LCL) cheers
Talking about a reverse take over by GVC - any comments?
An the verdict to weekend reading
in the prospectus, might be weekend reading!
update looking positive
They seemed happy with results but forewarned some added caution. He seemed to have gritted teeth when talking about the CMA helping pick the shops to sell. They also cautioned on overseas earning/lower £ due to growing market share. So investing the money rather than bring it back then. Previous headwinds already mentioned so I suppose its wait and see mode and hopefully the savings can be better than expected ..... only time will tell.
Some nice metrics as expected but I think a better feel for things will come from the presentation and the way things are spun. I wonder what the one shop is, that all the deal hinges on? Its probably down to timing of a contract or two. Laters!
As feared, shops being sold will dilute earnings, well in the short term anyway. I suppose it might take a small while for cost savings to filter through. Shorts have increased at quite a rate, getting up for 12%. Debt, shop sale, Brexit and more Regulations I suppose there might be more to come. Still at least we will get an update tomorrow and get a better idea where management think were going rather than the shorters
William Hill Merger Plan Hits Serious Hurdle : https://www.ft.com/content/f0f47190-916c-11e6-a72e-b428cb934b78 Bookmaker’s Largest Investor Opposes £4.6bn Tie Up with Canada’s Amaya
Nlad, I think all the things you mention mean the deal is more likely to go through as cost savings become a bigger need. Additionally Im not sure they have all the shops to sell, lots are leased. Its how they can exit that which is the issue for me
Government Backs Down on Proposed Ban on Greyhound Racing : SYDNEY (AP) An Australian state premier has backed down on a ban on greyhound racing instead deciding to increase measures designed to reduce the risk of animal cruelty. New South Wales state premier Mike Baird faced a strong backlash to the ban after it was announced in July, and relented to the opposition on Tuesday. Baird initially said that his government had no alternative but to impose the ban, which had been due to be introduced in July next year, after a state parliamentary inquiry found overwhelming evidence of cruelty. He said subsequent feedback showed the majority view was that the industry should be given another chance. "We didn't give the good people in the industry the chance to respond, a chance to reform," Baird said. "On behalf of that, I am sorry. That is something we should have done."
Anyone think with the dealy in news the merger may not proceed if ads are banned and fobt stakes cut to "£2 wo would pay to buy the 450 shops? Any thoughts or is it too far advanced or will the bidder just keep knocking th price they would down?
Just seen the BBC World News ... Commercial Greyhound racing to be BANNED in [NSW] Australia as from 01 July next year. Okay - let's have an investigation and a bloody good shake up if that's found to be necessary. ''An alliance of greyhound racing industry stakeholders has launched a legal challenge to the New South Wales government’s ban in the state’s supreme court'' https://www.theguardian.com/sport/2016/jul/29/greyhound-racing-ban-industry-alliance-launches-challenge-in-supreme-court I wish 'em Good Luck!
Gerry557 (26th) & riddock57 (27th) August ... Thanks for the optimistic and informative posts from you both.
profitseeker, you sound like the very people who got all the extra tax and restrictions placed onto LAD in the first place. I wouldn't gloat on making a buck out of an addicts misery but Im happy to take a bit of extra spare housekeeping if someone fancies the odd flutter. "so in reality the same amount of machines will remain." I doubt it, there are already more restrictions on both the number of machines and new bookies shops being allowed to open. Even if they are sold to another bookie that money will not be going to LAD. Corals metrics look ok but maybe market was expecting more
I agree about the tax increase, but I don't think we need to worry about the restrictions. In reality, the spin rate is so much better than the casino form of gambling. People just don't grasp how the 90 odd percent payout works. Also, as far as society goes, we may have to give up some shops but they will only go to a competitor so in reality the same amount of machines will remain. There are plenty of addicts and potential addicts out there so there should be plenty to go round. Just a case of spreading the investment. Maybe we can get a few more people hooked with the online business also. People generally spend more when it's just a number on the screen. And there should be plenty of house keeping money ready to be gambled. Buy all day long. God bless the government
profitseeker, you seem to have listed all the reasons why we shouldnt invest. The public did an outcry and the government acted putting many restrictions and extra tax which also hit the SP. Getting rid of 400 odd shops will cut the amount of these shortly.
It's also a huge bonus for investors that the government gets a very nice proportion of tax from the FOBTs. The 90 odd percent payout return to customers is an absolute brain wave also. The idiots have no idea how this works when they spin so frequently. It's fantastic. What am I missing? What's the downside?
I am seriously looking into making an investment into ladbrokes and a couple of other bookmakers. I have been doing some research and have to say that the government allowing the bookies to have these fixed odds betting terminals or FOBTs is an absolute gift horse. I don't think I have ever seen so many people from all sections of society addicted. It's a gold mine. I accept that ethics go out of the window and we must turn a blind eye to families splitting up, suicide rates increasing, mental health issues arising, violent crime etc, but money is money. Someone else's misery won't pay our bar bills or fund our holidays. Superb business model.
aj, they have reported actual figures a couple of days after those articles. some comment on Ireland "In the Republic of Ireland, post examinership, it was good to see them post a profit and also generate like-for-like staking growth of 9.7% as we pursue a more aggressive promotion-led strategy for our customers." "In the Republic of Ireland, we have returned to profitability. The examinership process last year has left us with a more agile business, able to compete hard on local value and win. And we are able to look forward with a degree of confidence that has, in the past, been difficult to envisage." Debenhams Ireland has also just gone through a similar process with a similar result.
Ladbrokes - looking good ... very good ... Here's a bit o' news from The Irish Times: ''Betting falls 7.5% at Ladbrokes’ Irish business but profit soars'' > http://www.irishtimes.com/business/retail-and-services/betting-falls-7-5-at-ladbrokes-irish-business-but-profit-soars-1.2744869 ''Ladbrokes to report earnings as €2.8bn merger nears'' > http://www.irishtimes.com/business/retail-and-services/ladbrokes-to-report-earnings-as-2-8bn-merger-nears-1.2739008 Book the Cruise - Lol atb to all of the ''Lads''
As i thought a very good 3rd quarter. The metrics are looking good. Goodwood was a shocker but with the football season about to kick off and plenty of business guaranteed on Olympics and the merger to be announced very soon this is a £2 in waiting share.
Better than expected and moving in the right direction at first glance. Encouraged by reduction in debt and improving fcf but betting gods were in their favour which could change. Well you would put odds on it would and for the worse.
See RNS encouraging numbers expect lift off today....imho