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If there is a dividend which I'd be surprised if there was one, it will likely be a scrip dividend to give the gupta family more shares and it let's them keep a monopoly
Great results but the problem still remains the company is being run for itself and the gupta family no dividends no buybacks and still costly debt at 10.5%
In corals for past 2 hours
I've seen more staff than customers
They can't be making any money when you factor in electric rent and staff
And they have tons of shops around the country all the same no customers
Someone need to ask at next earning call what the profit margins are and ask them to close the unprofitable shops
Who they going to sell too?
Who will buy?
Why would they buy if william hill can't make any money in the unprofitable shops?
I work in retail gambling most shops are empty
Retail revenues down 7% year on year every companies retail is down
I'd love to know which shops are profitable
Have a look at the ladbrokes and corals In your area and see if their full
Uk and Ireland retail is cooked only a matter of time before shops are getting shut or sold
Probably won't be a full takeover be more of a asset sale if anything they need to get rid of the shops
Corals or ladbrokes could go it could be a good deal with both of them both having an online presence
I'm just not sure if anyone sees any value in the shops maybe try and sell the unprofitable shops to boylesports or paddy power they are both moving into the area
Still think they need to get rid of betmgm they must be spending a fortune on marketing
Just bought their bonds at 9%, looks a safe bet with oil at this level
Share price will go no where regardless of the exchange, Flutter is a wall street darling and Entain is stale
Entain debt is 3 Billion pounds maybe even more
Cut the dividend completely and save the cash
Sell the dog tracks the land must be worth a couple of million
Get rid of betmgm
Cut down on shops a lot are empty and no way are making a profit
I would even be in favour of them selling corals or ladbrokes
Do they actually need both?
I think selling corals is better cos if you read the annual report all the retirement pension liabilties are to do with corals but might be wrong
but yea cant see the share price moving unless they start selling assets, cutting down on shops and debt
16 Million in cash??? The cash is worth 30p on its own
Ive never seen a bookmaker get worse reviews than Betmgm, Entain should wash its hands with MGM resorts
Profit hasnt gone its a one of charge.
500 Million in operating profit looks cheap at this price
The gas project must be close to completion they usually to updates on early week so hopefully one tomorrow or its going to be next week
I tried to email the board about why results get released early on BSE but they didnt respond back
They should delist off the LSE it has no value to them
They dont care about shareholders they make there money from the operating company not the holding one
this is just a shell
Https://twitter.com/ByRobDavies/status/1760347935424798868
Not good for 888
The government capping the spin amount to 2 quid
Gonna hurt the income statement
I dont think the company care about the holding company thought that for a while
I suspect they make there money from the operating company via salaries and other perks
They will never buy back shares living in cuckoo land if you think they are
They usually release them same day
Still no update
Results out 14th but only on bse