RE: contact with investor relations.24 Jul 2014 13:11
Havey, Glad to hear he was helpful. With the completely expected negativity on these sorts of boards with regards to this company it’s easy to get completely depressed and think the worlds ending, it really helps to get the companies perspective sometimes to focus things a little. Things aren’t rosy at the moment as we know but taking the longer view of the process it’s gone through over the last few years and the fact other companies maybe are yet to take the necessary steps yet that Bwin have does give some hope that going forward these steps will pay dividends at a time perhaps when others are fighting fires. Personally my view is the jury is still out on this but I am willing to continue to give them the benefit of the doubt for now.
The point made about the fact the financial institutions are still confident to give credit even though the shareholders are not so is fair enough, but I suppose any bank looking at a FTSE 250 company that has revenues of 500M would not have a problem in giving credit, even if the trend is downward. It must help that it seems the breakup value of the company is current significantly higher than the current market cap in some eyes. Funny enough that view should give shareholders the confidence to hold or buy from this position, but I can also see the fear factor of things just getting worse not better.
I’m still not convinced that Amaya’s purchase of Stars will be as rosy as it first seems, players are a fickle bunch and may start to drift away if Amaya starts to put the pinch on them to recover the very large investment they’ve made to get hold of them. Stars are going to be a lot more accountable as a listed company as opposed to the somewhat shady privately run operation it was previously.
Anyway that’s my view.
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