Member Info for crookman

I wonder rather than buying and expanding that Springowl may push for spinning off some of our ancillary companies like Kalxia? That may get their investment out of jail. It was muted when they first arrived that this could improve shareholder value, but only short term in my view. The other option was to split our operations into two companies – regulated and non regulated. I do fear that anything we were to buy to expand would end up being a disaster much like our merger. It does look like the Amaya/Stars deal will spark some more consolidation in the sector by default as no one company is now strong enough to hold a candle to this 100lb gorilla in the room. I still think it would be not the worst idea for Boyd and or MGM to take a look at us to expand their operations outside of the states. My reasoning for saying this is their main competitor ‘Caesars’ with all their massive debt are looking to make money anyway they can be it selling casinos (high overheads) and expanding online (low overheads) it’s common knowledge that 888’s deal to supply software is a short term deal and it strikes me that as they already have a relationship with Amaya that we may see PokerStars being tied in with them in the near future which would leave Boyd/MGM in the cold so to speak. Will Boyd/MGM fight back? They are in much better shape financially than Caesars, so could invest and improve our products no end along with aggressive marketing, something we are woeful at. Really only spit balling here, any of this make sense?

This was the smoking gun, http://calvinayre.com/2014/05/24/business/amaya-gaming-and-pokerstars-talking-acquisition/ But due to the source it was hard to believe.

I’m slightly kicking myself after reading the rumour about the deal about a month ago and not acting on it assuming it was just that, a rumour. With hindsight we should have all sold some back then just in case. SUCKS!!!

Hi Albus, I think it’s a given that NJ will allow entry due to the lack of a bad actor clause, but the other states seem more solid. NV still have the 5 year ban in place and seem unlikely to lift it and CA have worded their one to cover the event of a buyout just like this to still prevent entry. PA is interesting as they seem to be not keen on Stars but want a compact with NJ if they approve poker only in the state. It’s all a bit messy, this whole Stars issue is so unjust are years of getting away with murder in the states that they now seem to be cracking open the door again. The interesting point now is that as they are soon going to be part of a listed company all their grey market operations will come into question and under new management with a massive debt on their B/S will the famed customer service and best product in the market label continue if they start to penny pinch the same way Party have over the last few years to recoup this massive outlay. It will be interesting to see how their player numbers in Europe hold over the first year after Amaya take over.

By the way, Welcome VectorVictor, I would stay on the sidelines on this one there are much less risky shares around at the moment you could be looking at a 10% loss very quickly on this one. Maybe take a look at 90p, but DYOR….GL

The gambler in me just done a runner on seeing .99, so sold half with a view to rebuy on the dip as it's bound to drop like a stone once the £1 breached. Just watch it recover now......

All valid points, guess it’s the gambler in me holding on. I just wonder what our new board texture will pull out of the hat in the next few months to improve shareholder value? Sounds like a bit of a sick joke now…

Hello stranger, how's it going Malta? I think you and I are on the same page on this one, still holding but it’s a nervy time to do so. The £1 resistance has been holding but I fear we will see it drop below today. The drop at this time is all sentiment and not based on this year’s earnings which should still be firm, not so confident about next year unless as you say the BOD finally wake up. At least the World Cup results so far have been Ok for the bookies with a few shock results etc.

They added another half million shares on Friday, talk about going against sentiment!!!

Seems to be holding, unlike 888 which is still dropping?

As you say the next few weeks WILL be volatile, as I mentioned in a post on Friday I think the drop to 105 from 129 five weeks earlier represents an overdone drop in such a timeframe so I’m not convinced the price will go too far sub £1, which lead me to hold for now with a chance of egg on face!! The Amaya/Stars deal won’t be finalised till Sept at the earliest so its impact on BPTY’s year end will be negligible, not to mention the recent board changes may course some radical actions in the medium term to affect the price. With this in mind once the dust settles after this shock deal I feel we may see a modest recovery, perhaps I’m deluded but I’ve seen this share do this yoyo act on many occasions over the last 5 years 95p – 140p so I may wait in hope of 120p before lightening up. It’s fair to say that in the medium/long term things look bleak, but not just yet in my view. At the end of the day anyone trying to second guess this share normally looks silly for a period, we’ve both seen this in the past. GL to all.

Wake up call, they need a grenade up their rears…… Your right selling 888 at 1.60 and 1.46 looks impressive, just looked on the 888 board and no one on there could understand why with no news the price dropped today??? I put them straight. Think it may be worth you posting on there as they seem a bit lost.

http://www.bbc.co.uk/news/business-27830515 bwin.party is down over 7% too.

KAMEL, Oddly I’ve been anti 888 ever since they hit 170, I was convinced the stock had bubbled and was due to deflate. For once I took my own advice and stayed away from it, otherwise my situation would be much worst now.

Cool, in fairness I didn't mention anything about Ladbrokes to you to make you react? I assume others did on that board but I would not have looked in to see and would not have done so under any circumstance anyway. Take you point about the "glad I'm not in" remark, so put this down to a miscommunication, hope you understand my point of view as I do yours. Had no idea you was an 888 man, rough few weeks ay. Good Weekend.

Lighten the mood…… I was thinking of starting a Bwin.party support group to meet quarterly but it dawned on me that most of the attendees would struggle to afford the bus fare after a few quarters so thought better of it. Mr Ader has already put his name down though!!! Have a good weekend.

Yeah Yeah, Just the response I expected….WHAT ME, NO NOT ME. To Quote “I'm so glad that I avoided this” YES we know all about your view already but as you say the picture isn’t rosy right now and people with actual cash tied up in this really don’t need others who are not invested rubbing it their faces. There, you got me to respond against my better judgement. I don’t care when you post and you views are fine, but you have to admit it was a bit of a 2 fingers to the other posters who stayed invested against your advice. GL and can we drop it now please. But thank you for your good wishes.

203,757 buy at 13:19:22 at least someone has faith this may come back.. Brave though.

Albus, Yes there are a lot of overlaps going on in this incestuous market now that need to sort themselves out. I see 888’s price percentage drop is getting closer to ours now, what’s not helping either is the overall market today is pretty dire too.

I think it’s in bad taste to pick this moment to post one of you’re 'I told you so' posts and how glad you are not involved. Perhaps this could have waited a day or so. But hey, par for the course. I’m unlikely to respond to a witty response so best just go about your life and leave well alone. Cheers