Member Info for BClissold

Amazon cleared to buy MGM

Putin will gain Neutrality off Ukraine

American Airlines all up 7%

19th May

UBS raises Dunelm Group price target to 1,761 (1,750) pence - 'buy'

AJ Bell must be wrong then

Dunelm smashing it out of the retail park, says AJ BellThu 05:03
Dunelm (DNLM) has ‘smashed it out of the park yet again’ as the homeware retailer posted a record quarter, according to AJ Bell.

The group reported sales of £407m in the quarter leading up to Christmas, up £46m on the previous year, as it continues to benefit from the home improvement trend as well as a flurry of activity in the lead-up to the festive season.

‘A key plank of the transformation of Dunelm under chief executive Nick Wilkinson has been an improvement and expansion in online sales,’ said analyst Russ Mould.

‘That has really helped during periods when footfall in its stores has either been reduced or wiped out entirely thanks to restrictions or people’s reluctance to go out.’

He added that increasing profitability when cost pressures are mounting is ‘testament to the quality of its product range and how it is resonating with consumers’.

‘A key basic element of retailing is getting the right products in front of customers at the right time and Dunelm is ticking this box for now,’ said Mould.

There are several forms 8.3 posted and looks like several firms/banks are buying a position on the cheap for Draftkings

Where does it say results tomorrow

I agree on results.They are really busy.However, any outlook statement will be crucial to share price

Entain's Bwin extends deals with German Bundesliga teams
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By Gambling Insider

Online gambling operator Bwin has announced the extension of its partnerships with five German football clubs for an extra three seasons.

The deals mean Bwin will continue to be the exclusive sports betting partner for Borussia Dortmund, Union Berlin, Cologne, St. Pauli and Dynamo Dresden.

Each of the agreements will run until the end of the 2023/2024 campaign.

“It’s a great honour for us to continue our long-term partnership with these long-standing clubs. Our sponsorships underline the importance of the fans and the passion for football," said Stephan Heilmann, Managing Director of Digital Europe Entain.

“We’d like to thank Bwin for placing their trust in us. We still believe that the two brands are an excellent match," Borussia Dortmund's Managing Director added.

Commenting further on the extension deal, Thomas Stäpke, Director of Finance and Sales at Union Berlin, said the team is "delighted to be able to keep giving our fans attractive matchday offers."

Alexander Wehrle, Managing Director of FC Cologne, outlined the importance of having Bwin on itsside as a betting partner, expressing that the collaboration between the club and the brand has already developed “exciting features” to the fans, such as FC Cologne Matchday Tip and betting odds integrations online.

Entain says the renewed sponsorship agreement reflects an “ambition for its global brands to be part of great sporting experiences enjoyed by customers, at all levels.”

In 2019 Bwin has been designated as "Official Sports Betting Partner of the DFB German Football League." This includes an advertising partnership with the DFB Cup, as well as advertising rights for the national teams until December 31, 2022 and for the Women’s Bundesliga and 3. Liga until the summer of 2022.

The second-tier 2. Bundesliga began on 23 July, while the 2021/22 Bundesliga season kicks off on 13 August.



TAGS: Sports BettingMarketingMergers & Acquisitions

I find it very suspicious that there is a climate conference coming up and the worst breakout of fires for years occurs. Could it be concerted fire setting by activists that is happening?

MGM Resorts International Inc. (MGM)
Market cap: $20b

Cash position: $6.17b

LTD: $35.2b

Revenue (ttm) $4.5b

Our premise: MGM is the cheapest stock in the single wallet sub sector. It is cheap in our view, not so much on the numbers. We deign to compare data points like EPS, EBITDA, etc. while the industry is still in the throes of the pandemic-albeit the endgame. It is cheap because it has the rapid ramp capacity to meet growing recovery both Las Vegas ,its regional properties and Macau. It is cheap because its partnership with the UK based Entain online sports betting platform, has thus far raced ahead of many competitors in the space backed by a willingness to spend half of up to $450 million in building a dominant market share in sports betting.

Above: MGM Grand ramp will speed up by Q4 as convention and meeting bookings begin to show again. Meanwhile, occupancy on weekends is 90% or better. Source: MGM Archives.

Its first move to acquire the UK's Entain was spurned, but we expect that story is not ended. Its future in online gaming is written in stone when we consider that online giant, IAC/Interactive (IAC) has plunked down a $100m investment in the company clearly tied to its online future prospects. Next to CZR it has the second largest database (MLife) in the business with 35m customers feeding into both its Vegas and regional hotels. Overall it is poised to grow all its verticals just ahead.

Casinos

(Above: MGM Grand will accelerate rapidly as conventions and meeting business begin to ramp by early 1Q21. Meanwhile right now weekends are running over 90% occupancy, weekdays ~44%. Source: MGM Archives).

The company, shares much competitive power with its single wallet peers, if not somewhat more in terms of its footprint size in the three prime gaming markets: Las Vegas with 13 prime properties, US regional with 8, and two in Macau. It also operates four non-casino hotels in China.

While still elusive as to a possible launch, MGM is one of the few remaining bidders for a Japan integrated resort through its partnership with the huge Japanese consumer finance company, Orix Corporation (IX). Realistically, due to the political and regulatory Japanese turtle pace of progress toward accelerating integrated casino resort development, our best guess is that MGM will prevail, possibly as the successful bidder in Osaka. But any Japan property isn't likely to see the light of day before 2028. Yet, going against the grain of peers who have pulled out worried about ROI, its decision to stay is telling: It's a company with a global view.

It has slashed $450m from operating expenses going forward both as the result of its 2020 cost cutting initiative begun two years ago as well as "make do" lessons learned during the pandemic. We expect management to continue attacking costs and at the same time, make other moves to begin carving down the debt load which is clearly too high. (Below: casino on line doing strong business

Airline business can only grow from here

tech investors: forget Darktrace and stick to the trusts
A strong trading update has not been enough to convince this writer that Darktrace isn’t simply another over-hyped British tech disappointment. Megan Boxall reports
relation to his company’s take- over by HP – whose investment trust is a founding shareholder in the company. Or perhaps this is exactly what is wrong with tech investing in the UK. The pain of past disappointments carries too much weight in the thinking behind today’s investment deci- sions. Companies end up seek- ing their fortunes on the Nasdaq where their rampant spending and dubious bosses are celebrated rather than feared.
In 2019, research from business management firm Tech Nation claimed that the volume of tech investment in the UK had beaten that in the US or China having secured a third of the early-stage capital invested in Europe that year. In March this year, the organ- isation followed up with another report saying that the early-stage tech investment space remained resilient in the UK, despite the impact of Covid-19 and Brexit.
But herein lies another prob- lem with UK tech investment. By the time companies arrive on the stock market, the easy money has been made. Doubt and scepticism can creep into investor thinking. The priority of the business shifts from revenue growth at all costs, to careful management of the profit- and-loss statement in an attempt to placate institutional investors.
So perhaps the presence of Darktrace isn’t the long-awaited tech overhaul that UK investors have been waiting for. They can instead find comfort in the UK’s many investment trusts and finan- cial companies with investments in early-stage technology.
Scottish Mortgage Investment Trust (SMT) – which has a strong long-term track record – is increas- ing its exposure to unlisted compa- nies. Draper Esprit (GROW) has stakes in many of the world’s most exciting new businesses – including competitors to Darktrace and Blue Prism. Investors would do well to put their growth investment capital here, rather than watch it gobbled up by the sales team at Darktrace.
• Darktrace listed in April and its share price has risen more than 70 per cent
• The company has upgraded its pre-IPO expectations after a better-than-expected June
For UK investors starved for many years of quality tech companies, the Darktrace
(DARK) IPO has been a chance to satiate their cravings. Here is a company that claims “a large total addressable market, a predictable, subscription-based model and a strong balance sheet” – and has the numbers to back that up. Revenues have more than doubled in the past three years at an average gross margin of over 90 per cent – reflec- tive of a software company whose ongoing sales require little expend- iture. Losses are narrowing and in 2019, the company generated its first cash from operations.
And investors have feasted: in the three months since the company joined the stock market, its share price has risen 75 per cen

Lynch’s U.S. legal woes cast shadow on Darktrace

Reuters

2 minute read
British entrepreneur Mike Lynch leaves the High Court in London, Britain March 25, 2019. REUTERS/Henry Nicholls
British entrepreneur Mike Lynch leaves the High Court in London, Britain March 25, 2019. REUTERS/Henry Nicholls

LONDON, July 22 (Reuters Breakingviews) - Shareholders in UK cybersecurity firm Darktrace (DARK.L) are waking up to founder Mike Lynch’s legal problems. A British court on Thursday rejected his attempt to block an extradition order made by the U.S. Department of Justice, which has accused him of 17 counts of conspiracy and fraud related to Hewlett-Packard’s purchase of Autonomy in 2011, which he also founded. Lynch denies all charges. He can still appeal the court’s ruling.

The potential extradition threat was clear in Darktrace’s April stock market float. Lynch may be forced to sell his 4.5% stake if he is convicted and the 4.5 billion pound cyber firm warned in its prospectus that a prosecution could put the company and prospective shareholders at risk of money-laundering charges. A potential court case could also damage Darktrace’s standing read more , particularly as Lynch is still a member of its science and technology council. The up to 15% slump in the Cambridge firm’s shares following the ruling suggests investors are rattled. The best option for Darktrace may be to sever ties with Lynch altogether. (By Aimee Donnellan)

thats a week old

cannot get live quote on ii

Absolutelyl, Microsoft are not going to partner an incompetent company and they have a number of awards.Look at the number of 1st class companies that use them.

I don't see having to wear a mask on board is that big a deal

still going down