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Ladbrokes should have countered the threat of Betfair by slowly building up a stake in that firm. They missed that boat and now it's nearly too late. I was in the bookies during Cheltenham and it seemed empty compared to the previous years when you could barely squeeze in the door. It's all about the phone apps now. Not just for better odds but for ease of use, for privacy, for 24 hour access, for a casual bet on the football or golf at home at evening time. the shops are also filled with scumbags, gambling has changed forever. Betdaq is the poor cousin I bought in at two prices…148 and 127….so I'm ok. think I am going to sell soon.
The only thing Betdaq/Ladbrokes exhange can beat Betfair on is commission. But no serious punter is going to use Betdaq for that as anyone betting several days a week and to decent stakes will be able to get their Betfair commission down to 3% in no time and keep it there. Once you get to that level the odds and liquidity are better on Betfair. You will always be getting 5-10% worse on Betdaq as the exchange just mirrors what happens on Betfair but adds in 5-10%. I dont know why you keep comparing to Hills, they are another company who has had a bad few years and has also struggled to adapt to a new era of gambling and bookmaking. Again I doubt there are many people who bet online and then collect their winnings from shops. Im sure in time this will be more popular but right now I dont see it. Add to that shops never have enough money to pay people out properly anyway. Yes I dont think the exchange will be making much money if any at all. If it is then Id be surprised and also that would be a positive piece of news. You'd need to know what their customer turnover and P/L was, not just the bets they do themselves. I am a professional, a professional gambler. I am banned from every bookmaker online and the shops within the town i live in. There are thousands of people like me across the UK, more than there ever has been. Bookmaking is so much harder than it used to be for hundreds of reasons. In 5-10 years time bookmakers want even offer odds on horse racing, I doubt most of them do now. It is so, so hard to win on horse racing. If the FOBT's went the firms with the most shops would be closing them left, right and centre.
I sold up at 154 and bought in quite big at 128 last week. What do ya think? Am I onto a winner? Good luck
Why when ladbrokes bought betdaq did they claim they done it to add to their online offerings and to stand out from their competitors? Having an exchange is the only difference I can see. And unlike william hill they have a single wallet. Unlike bet fair you can collect your winnings in cash within minutes. If they wanted to stand out then they are doing a great job of hiding it. I have no idea but you think the commission based exchange made a loss?? Seriously if your such a professional who knows the industry so well then please explain how the exchange made a loss as I don't get how it could have.
From this article, would it be safe to assume that the likely bad results due on Tuesday has already been reflected in the SP? I'm down 22% on here but will consider holding until Christmas.. http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/leisure/11022883/Ladbrokes-relies-on-digital-success-to-wow-investors.html
We have clashed before and we will again now. Im sorry but you have little understanding of the industry from both the punters view and from the bookmakers. 365 had their best year ever last year, yet Stan James are struggling and have been for a few years. As I've said several times the industry has dramatically changed. Ladbrokes have been trying to increase turnover to make investors believe that things are improving, this is false hope as profits will not be in line. I doubt the exchange has many users and will never catch up with betfair. Punters dont play poker, live casions and then use the exchange. Where do you get these ideas? I would guess that the exchange is currently losing money, id be very surprised if it was turning a good profit. One think Ladbrokes do still have is knowledge. They get to know which horses to lay and which horses to duck from top stables on a regular basis. This is invaluable but if the rest of the company has no idea then it cant cover everything else. Once again good luck but I suspect the results will be poor. Not surprised to see improved turnover but doubt profits will be.
Interim results to decide Ladbrokes Chief’s future: Ladbrokes Chief Executive Richard Glynn has been warned by leading investors that his job will be under threat unless he can show signs of a turnaround at the struggling betting giant this week.
Where can you play a hand of poker, play one of x amounts of live casino games, place a football long list bet, place a bet against ordinary people on an exchange, enjoy an afternoon game of bingo AND pick up your winnings that evening and splash the cash with your pals that same evening?????? There's only one place that's LADBROKES GAME ON!! Simples no other establishment offers all that so why not bloody say so??????? Any one got any better ideas?????
Ladbrokes unique selling point is it's betting exchange along the top of their website under exchange! Along with their poker casino sports book. William hill doesn't have that? Any online ladbrokes punter knows the exchange is there! Do they use it much?? Who knows? If I'm a paddy power or william hill punter who also uses bet fair how great would it be to have a poker win or casino win and then have enough money in my same wallet to do an exchange bet? Ladbrokes customers are aware but do their rivals know? It may be a more attractive prospect to a regular punter than a free £10 bet! The gap between lads and bills needs to close if it doesn't questions need to be asked about who the hell is in charge. Heads need to roll. I was disappointed to see more crappy advertising by ladbrokes throughout the World Cup. What are they worried about???? Their customers know of the exchange their competitors may not it is their major usp that to date has not been fully capitalised on. Get it out there and close the gap!
It's aprox 3.5% payment being dished out in sep! How bad is that!
New bonds issued to raise cash. A promise to maintain a 7+% divi. Surely an increase in profits to be announced next week! Got my voda divi and lad stat mixed up! Lads record lows will most certainly attract take over talk which always if just talk or not seems to give the sp a nice 4/5% overnight hike. What's the worst that can happen? 105 with a 9.5% divi?? I can't see it myself buy buy buy!!! Good news is surely just around the corner!!
Reasons for small hit: LAD seeing new recent lows, general markets tanking, global situation volatile, etc. Seems dangerous being long with leverage. If LAD's interim next week is poor, this likely to see even lower lows. No regrets about taking a small loss (only not taking 139 earlier) whatever happens now, as gut feeling is negative. GLA.
do they normally to a web broadcast live with the figures…. hope this is a good omen. I have no oinion on the share price, I bought in somewhat higher but no real damage done.
Tomorrow never comes! Although profit warnings as supposed to come in three's Getting awful close to a 7% divi
Should get a better idea next week when interim results published however WMH published improved results and the share price didnt move. I think I may need to keep this share for a while before I see any return
Hoping for some long overdue positivity tomorrow
You've been saying that for a very long time now and it still has not gone below 128! Sub 130 maybe then 150+ within 2 weeks if you ask me. Dropped 5/6% because of a Labour Party statement about what they will do if they win the next election! What a joke! The Labour Party could have increased profit in ladbrokes this year compared to last years shocking lows. I'm sure as hell play tech can in a World Cup year. If not Glenn will go and price should rise anyway! I'm in for the rise and I'm remaining in for the divi hunters to shoot this through the roof for septembers bumper divi off the back of 45% increase in profit in August! Maybe a little optimistic with 45% but 120 still ain't come!!
here we come!!!
Thanks. Plenty of valid points from both of you. Nothing I'd go against. I'm also mindful that more savvy buyers tend to be increasingly cautious before previous resistance levels. So without new positives, this may well take even longer to get to mid-150s again than previously. Always intended this as shorter-term trade, as before, so will review accordingly. Circa 140+ would be more than okay. GL.
I have seen a trend to operate between 129 - 150's although a few share trade like this until something happens to push them higher (or lower) RDSB was doing the same recently but has now pushed on. There are a number of headwinds for LAD which its needs to adapt too which may take some time but as things get better than the new "normal" then it might push on. I suspect that this might be online and earning. One is doing better the other needs to beat expectations. The divi should compensate whilst you wait providing it doesnt get hit too hard. I might wait this out a bit longer but not completely happy holding a bookies but if your getting ethical there are problems with most companies one way or another.
Im surprised so many people buy into a company when they seem to know so little about the industry. There are now too many bookmakers, far too many. It is also hard to guess how each firm did over the world cup. Some may have ducked Brazil, others may have been top price. In some games one goal could have been the difference of a £1m+, you just never know. Horse racing results for the past 6 weeks have been bad. A lot of well backed horses are winning nearly every day. Im sure Ladbrokes have increased turnover recently with the new marketing/advertising and offer of £100 free bet., but that just attracts people looking to abuse the free bet offer. You can have bad turnover and I think a lot of it will have been. You might see turnover up but profit not in line with the increase. I think the board will try to tell shareholders that turnover is up so naturally profit will follow. This is not necessarily true. Once again I wish you all well but this is not the same industry as it was even 2-3 years ago, let alone 10-15.
Aby, notice how for the past few months LAD keeps hitting strong resistance at circa mid-150's. As for any stock meeting longer-term resistance levels, without fresh bullish news to propel them higher, we tend to see a gradual reverse as they're gradually sold back down to previous lows. It doesn't always play out so for every stock, but it has with LAD. Naturally I don't share some of the more bearish views here, but I won't assume 150+ again without hiccups. May review my long position at 140+ - FWIW, day high so far an encouraging 136.20. GL.
Aby1972, it does move up as well as down but more recently the markets have been down and lots of shares have followed. One wonders how recent sporting events have assisted or hindered profits. Lots of betting on the world cup football but did Lad profit? A trading update will clarify and good news should see an uptick. The summer is fickle anyway have you not heard of sell in may? The budget taxes havent helped but you can always reinvest your divi and grow your shares at almost 7% whilst you wait. Not been following the betting crowd to see if the bookies are being hit or making hand over fist. I suspect some where in the middle
I really don't understand the sp Can anyone tell me why it's always down
In most news reports I read yesterday Ladbrokes expected £40 million to be bet on the final and William Hill £50, I presume that means the Ladbrokes Digital Division has now closed the gap, if so Ladbrokes could start to fly on the recovery factor.