Member Info for crookman

Buzle, in fairness if you check Bruce's post you will see that he was not referring to you!

Not bad judgment rugs - agreed. Just too many uncertainties going forward. BPTY have spent years trying to get out of all the unregulated markets to avoid nasty shocks to the business which has cost a crap load of revenue, now it’s going to go into reverse and end up back in the markets they left with all the risks involved they were trying to avoid. Not to mention our esteemed CEO somehow is still on the Board to help make a further mess of things going forward. This feels like the Bwin/Partygaming merger all over again – full of hope and expectation but pretty much a bust in the end.

Blimey you had me worried for a second, thought I was going mad...lol

So based on GVC’s current share price the offer sits at around 1.19, so 1.19 less the 25p cash element would put BPTY at 94p. Is that assumption correct?

Something smells fishy about this, just had a UT trade of 293K shares buying at 104.5.

Direct Quote....not an unreasonable one, which is why I won't be holding the new shares. Mattingley also claimed that he didn’t see the new GVC/Bwin as a competitor. “They will take what failed with Bwin and do more of it. They have the same platform, the same managers, the same marketing. They even still have Norbert [Teufelberger, Bwin.party’s CEO, who will stay with the combined group as non-executive director]. The guy who destroyed the value of the company is still in there.”

Happy to see that Ader is good with the deal....things looking better now and settled my early fears some what. U.S. activist investor Jason Ader, whose SpringOwl vehicle is among Bwin's biggest shareholders, with a stake of just over 5 percent, said via email that he was "very satisfied" with the outcome and the premium GVC was offering represented "the best value for all shareholders". http://uk.reuters.com/article/2015/09/04/bwin-party-ma-gvc-holdings-idUKL4N11A1JE20150904

Thanks guys for your feedback. As the share goes Ex-Divi next Thursday I’m holding next week and going to make a judgement after that as to what stance to take going forward, it’s hard to see this not going back up soon but its just the threat of the deal going bad that’s a little worrying. On one hand I’m sure some of the pro 888 shareholders will prefer to change their stance rather than vote against and risk a massive drop in the price overnight. It’s all so frustrating, being on or near that break even for some time now but knowing that I should be able to see a decent profit for all the years of trading, this situation has really got me torn.

Based on today’s reaction I’m sad to say that this thing could still go south very easily. The Major shareholders were split on the two offers so it will take some of the 888 supporters to get onboard to get the necessary majority. Worst case now will be the offer is not accepted and as we know 888 have now walked away. Why oh why is nothing straight forward this lot? The other issue I have is that Teflon will still be on the new board, why anyone would want that waste of skin anywhere near them is beyond me, he really does live up to my nickname for him. GL

GVC http://www.bwinparty.com/Investors/offerforbwinpartydocuments/2015/20150904%20Video%20-%20Recommended%20offer%20from%20GVC%20Holdings.aspx

Notice the Times reports that GVC have threatened to go hostile if their higher bid is rejected. Should move the price up if that actually happens!

Why the secrecy with regards to the new 888 bid? Is it more cat and mouse to prompt GVC to go 130+ or is it that the new bid is still below the current share price and 888 are trying it on still? I still can’t see 888 overdoing any bid, it’s just not in their makeup to overpay for anything!! They do have a strong hand as it seems our board would always go with them over GVC unless the later makes it impossible for us shareholders to ignore. This is getting more interesting by the day……

Released at 16.18 today by 888. GVC to follow by Tuesday. Here we go.... http://www.lse.co.uk/share-regulatory-news.asp?shareprice=888&ArticleCode=w8phirjg&ArticleHeadline=Scheme_Document_Prospectus_and_Circular

27 August 2015 bwin.party digital entertainment plc ('bwin.party') Possible offer from GVC The Board of bwin.party confirms, further to its discussions with GVC Holdings PLC ('GVC'), that key aspects of GVC's proposal have now been addressed to bwin.party's satisfaction. bwin.party has now asked GVC to clarify, with respect to its proposal, the best terms on which GVC is prepared to make a formal offer to acquire all of the issued and to be issued shares in bwin.party. Whilst there can be no certainty that an offer will be made by GVC for bwin.party, 888 Holdings plc ('888') has been informed of this development and, if appropriate, will be given due notice in the event that bwin.party proposes to recommend an offer from GVC. bwin.party's directors' unanimous recommendation of 888's offer, that was announced on 17 July 2015, is unchanged by this announcement. The Board expects to give a further update concerning these matters on Tuesday, 1st September 2015.

With the announcement this morning of BET and PAP looking to merge this can only hasten GVC or 888 to get a deal done ASAP. The loser will have to start scratching around afterwards for another partner or find themselves becoming a small fish in a bigger pond. With BPTY results due Friday you have to wonder if that is going to be the day of the GVC deal announcement, then we wait for a response from 888 who have little option now but to increase their bid. Whatever happens from here, this needs to be resolved sooner rather than later now.

Hi Malta, Yeah, seems in good shape. The only downside from here is if they go with 888 at 104, but it’s looking like GVC is more likely now at around the mid 120’s. That is of course unless they make a complete mess of things and end up with both parties walking away, sounds ridiculous but we have to remember just how inept this board has been in the past. Will be interesting to see what 888's response will be if they provisionally go with GVC in the next few days?

Well, relatively speaking, now bid 417- offer 420. not bad on the face of it, but a big move on recent movement.

GVC just took a tumble?

All I can say right now is thank God for this deal speculation dragging on as long as it has. BPTY, 888 and GVC are being protected very well from the turmoil that is the market as a whole right now. Just hope it stays that way!

Yeah, the stops are important, and for me after years having now broken even at 115 the other tricky bit is knowing when to fold and run. I’ll be interested to get back on the horse under the newly formed company going forward but I feel I would rather be clear during the transition. I’m sure there will be some speed humps at the start and it’s common for post merger prices to fall from the outset. GL