Member Info for CJ39

Really couldn’t have hoped for much better. Fab Duel alone has been valued by an arbitrator as being worth practically as much as Flutter’s market cap. Growth is strong and will only increase, gambling sector is expected to treble between 2021 and 2030, there are still 20 US states to legalise online gambling including California and Florida.
Those who follow this share knows how it works, it will have days where the share price just can’t get going, we are in a trend like that in the last week but there will be days coming soon where this will steam.
Everything is very positive, patience will be key here. I have no doubts at all we will get into the 130s and close to £140 very soon.

This is going to be some week on this share. FOX have been told what they need to pay to buy into FanDuel and it’s practically the same price as you can buy into Flutter. Flutter is massively undervalued at this price. Wednesday we will get third quarter results and everything points to it being very good - Entain reported very good figures quarterly trading figures last month, the article showing FanDuel is massive market leader in New Yorkand my betting figures for the 3 months in question were really poor. Do not let your shares go cheaply.

Yes the news came out at about 10:30pm UK time. Will be interesting to see where the share price opens up on Monday.

https://sportshandle.com/fanduel-dominant-position-new-york/

Is Flutter grossly undervalued? The arbitrator valued FanDuel at $20bn in Dec 2020 and have deemed it be worth an additional 5% for each year up until 2030. This means FanDuel has been valued at $22bn which is over £19bn. Flutter’s market cap as of right now is only £20.2bn which means all of Flutter’s other worldwide ventures are worth £1.2bn. Not a chance.
The exciting part of the US business is that there are still 20 states to legalise online betting, including California and Florida.
The gambling sector is a massive growth market, expected to treble worldwide between 2021 and 2030.
Don’t let your shares go cheaply. Flutter is grossly under valued at these levels. Third quarter update due on Wednesday, it should make for good reading.

https://www.marketscreener.com/amp/quote/stock/FLUTTER-ENTERTAINMENT-PLC-60731439/news/Flutter-Entertainment-Arbitrator-finds-in-favour-of-Flutter-and-values-FanDuel-at-20bn-42212543/

https://www.sportsbusinessjournal.com/Daily/Closing-Bell/2022/11/04/Fox-wins-arbitration-Flutter.aspx

What are people's thoughts on the judgement between Fox and Flutter? I am confused by this, from what I read Flutter was not against Fox purchasing 18.6% of FanDuel, surely it has a lot of advantages with FanDuel being promoted on the Fox network. I was lead to believe the dispute was that Fox valued FanDuel at $11.2bn which Flutter said was not a fair value.
So the judgement is that Fox can purchase the 18.6% but that FanDuel is valued at $20bn sounds a fantastic result for Flutter. Given that Flutter's market cap right now is £20.5bn but Flutter's 95% stake is FanDuel has been deemed to be worth $19bn, (£16.7bn) that makes Flutter's market cap look grossly undervalued if the rest of the business is seen to be worth just £3.8bn.
It seems to me to be a win for both Flutter and Fox but I guess we will have to see what Flutter make of the judgement and how the markets judge this news on Monday.

https://www.sharecafe.com.au/2022/11/02/flutter-entertainment-an-attractive-long-term-bet/

As someone who is really interested in sports betting and bets a lot, I have good spells and bad spells and the 3 month period between 01/07/2022 - 30/09/2022 was a difficult 3 months on the betting for punters. I remember earlier in the year when Flutter announced unfavourable betting results one quarter it tied in with the fact I had a really profitable time. But I was struggling in these 3 months, I am sure other punters struggled too.
But add to that Entain's 3rd quarter update on 03/10/2022, they announced positive results in every area of their business and let's be honest Flutter is a giant in comparison with Entain. Flutter's business is outstanding, growing worldwide and focused online/digitally rather than the outdated betting shops. It is high quality sustainable earnings.
Sports betting is huge and online casino, poker, slots, bingo is massive too, no matter if there is a cost of living crisis the business will be barely effected, people who like to bet will keep betting.
Today's drop in share price is a real gift for people IMO, third quarter results are due next Wednesday and I really see Flutter's share price rising steadily from these levels. To me it feels cheap right now, I believe Flutter's share price deserves to be into the £130s. I'm not massively invested here as I like to spread my shares in a number of companies I trust but Flutter is one seriously impressive company.
My prediction is for the share price to be approx £125 by the end of next week - feel free to call me a clown and clueless if I am wrong.

Yes I agree PF builder. Am I right in thinking the next expected news/update will be the half yearly report due in about 5 weeks time? If so I think you are right that there is unlikely to be much increase in the SP for a few weeks. Definitely looks like a share to be involved in come the back end of November.

It’s been a bit of a rollercoaster of late, you’ve really had to hold your nerve with it not easy to know which way the markets and share price was heading but I feel we have really turned the corner now. You’ve got to remember the FTSE is still extremely low, only just around the 7000 mark which is practically the lowest it’s been in the last year. The markets always pick up and the charts show that excluding the Covid crisis, over the past 5 years the FTSE bounces between 7000 and 7500. I feel that the markets are rebounding now. The US markets feel like they are really picking up which feeds through to the Asian and European markets. I don’t think there is too much to worry about regarding the Russian war, it’s been going on for over 8 months now and the markets have been resilient. We have a new PM now who appears competent with a focus on getting the economy stable and stronger. I think we are going to see the markets have a good strong few weeks ahead, it’s definitely a hold from me for the time being, I believe we will soon be into the 440s here. On another note I’m very confident my other share Flutter is going to rise 10% in the next few weeks to £120 a share. There is an update due next week and I am confident it will be good. MBO is another share I’ve been interested in lately although slightly missed the boat as it has more than doubled in the last week or two but I feel that is going to improve.

Yes, just be patient here, this is a fantastic share, Aviva are a money making machine, super strong financially, high quality sustainable incoming money, the dividends alone are fantastic. We’ve already made 10% from when the share price was 375 and yet this is the real bottom end if the trading range for range. The FTSE is trading just below 7000 points, the average over the last year is around 7400. Once the markets pick back up to those levels you can expect the share price to increase back to the 430s.

They know the share price is going to keep falling but the price is so low it makes the number so small that it’s irrelevant. People investing in these sort of shares are completely wafting their time and money.

I see you had a very good RNS this morning and people who know the share really believe that this has a lot of positive value. I’ve bought £2k’s worth at 4.57, I’ll look at it this evening. Good luck.

The US jobs report will send the markets down a little this afternoon. They are very challenging market conditions at present, the economy, cost of living crisis and Russian tensions make it a difficult time to have confidence investing in the markets.

I’ve just seen Stretchedbum on the KDR message board ramping that one up. He can see a 2nd wave coming on there and it going from 2.5p to 8p. He likes his ramping up of shares.

I hadn’t checked in on here for a few weeks, last time I looked it was about 120p a fortnight ago. I feel for those of you here, seeing the share price was 414p this time last year it’s been a miserable year.
The BOD have really let the shareholders down massively with the WMH purchase. The American company only wanted WMH for the American side of the business, I bet they would have sold the rest of WMH for peanuts, 888 massively overpaid for it and I’m amazed how incompetent and clueless they are to make that acquisition. 888 are now saddled with debt and WMH’s business is a huge problem, betting shops are a waste of time, after all of the rent, rates, heating, staff costs, etc there is no way they make any money, if I ever go in one there are usually about two old blokes in there betting a couple of quid a race. The roulette machines no longer are a money maker since the limits were reduced massively. I don’t believe the Gambling Commission white paper will be released so that’s one positive for 888. But IMO unless or until 888 completely revamp the WMH business to focus it online I don’t see much hope for this share.

Yes the markets have been taking a battering and there doesn’t look like any respite today with the Asian markets taking a hit again today. But they will return. Who doesn’t wish they took more advantage of the situation when markets plunged when Covid first struck? Buying on these dips will prove to be a good move in time, although of course it’s trying to find the low point to buy in which is difficult without missing the opportunity whilst it’s here. Just think though, the money sitting in your bank account will only be losing its value too with the high inflation right now. Aviva are doing just fine, they are enormously strong and will remain so.

My dividend was paid into my Halifax share dealing account yesterday. Not sure why you haven’t received yours.

This is a real gift that the markets have been struggling and sent the share price down this low. I recently received an inheritance and wanted to put it all in here but wanted to get in at a good price, well this is amazing. Aviva is a proper company, extremely strong, high quality sustainable earnings, a market that will always be strong. It may go lower but not much lower, this is a fantastic entry point. A friend said to me aren’t you worried in case Putin starts a nuclear war and the economies crash? Well if he does we are all doomed anyway. This will return to 450p, that’s a 20% ROI, plus the dividends. I’ll have some of that.

Stretchum you said this would double when at 9.25p two days ago and was about to pop. I thought you knew what you were talking about.