Member Info for crookman

Do we know for sure that the shares purchased were not the trust ones? I think we will be in the dark about this until they report when they may mention the current situation with regards to them shares. Although I can’t see any problem with us buying them for cancellation, I really don’t know for sure. We might see one of our other major holders take a piece from time to time.

That's a blow the price is pulling back, profit taking from the rise yesterday?

Looking good, I think Santa must be real after all. Lol

Cheers Beefy, really nice post mate.

Still too busy at work to take much notice, but loving the fact every time I get a chance to look it’s gone up some more. Although it’s always easier to find time to look on days like this…lol Let’s see what CS have to say about their 99p call?

The US are buying now pre market.

Saw the RNS first thing but only just got the chance to see the price just now….happy days. So unlike what we’re used to after updates etc. Well done to hardened souls who held on the last few weeks :))

http://www.yourpokercash.com/poker-blog/3767-new-jersey-online-poker-report-card.html

Thinking about it and knowing a little about you now, this is not that different from a bookie laying off….now I bet you’ve got it :D

Hi nomoney, Tough question….To be honest on a trade by trade basis you can’t account for any moves based on a buy or a sell, there are many other factors going on in the background like buy or sell orders to be filled at a particular price on the order books. Often the price will move the opposite direction to how you would expect to encourage further buying or selling to match buyers with sellers, in theory all transactions should match off each day but clearly that’s not always the case as we see days when buys may be 2 or 3 time the sells, in this case you have to assume a large sell order is in the pipeline to be match. What tends to happen is there’s a period of odd movements over days or weeks then a large order one way or the other appears and the price starts to move in the correct direction again be that up or down. I hope this helps, it’s in simplistic terms and I’m sure someone else could detail things better but to be honest everyone will just end up with a headache, this is always one of the great mystery’s in share movements. Specific to this share, we have a situation where over 100M shares need to be sold over the next 3 years that are currently held in trust having previously been held by 2 of the founders of Partygaming (half of the current merged company we see today) these shares had to be sold as the two people in question did not want to be scrutinised by the state of NJ in our licence application (truth is they both have less than clean pasts) and we would not have got a licence if they remained major share holders. So to sum up we need a lot of buys to match these forced sells going forward and I fear this will slow any climb in the price compared to not having them hanging over us.

Monty/Malta, I have to say that malta is spot on about the German market. It made up 25% of Bwin.party’s total revenue and I believe they have already adjusted their offering to the German public to mitigate some of the crazy tax rate. This whole price slide came about due to the German issues and I believe it’s the most pressing issue over and above the US on route to a recovery in the share price next year. Having a mad time with work this week so been out of the loop in office hours, the late drop was a shock when I finally got a chance to look. I think albus may be right about the DeLeon trust shares, I fear the price is being moved around to accommodate future trades. Almost every day buys are exceeding sells yet the price still slides, something will come to light in the end.

Thanks for that. It's pretty much in line with what we both think, there will be no miracles this year, although the Stars news is very welcome. More States in the US or better still a Fed bill will change the outlook for next year for sure, until then it’s a case of slow improvements through 2014 via increased revenues and further cost savings. It would be nice if the Germans got their cr@p in order, after all it was them that started the drop from 200 in the first place.

Know what you mean about the price, we seem to be in the twlight zone at the monment. Fingers crossed this stops the rot.

If Stars are locked out of NJ, it would be hard for ANY state to let them in now for some time to come. Oh for a Fed bill soon.

malta/albus, well we have news now....

Well done negs, you beat me by seconds...lol

http://www.forbes.com/sites/nathanvardi/2013/12/11/new-jersey-suspends-review-of-pokerstars-online-gambling-license/ This must help for God's sake.....Great news!!!

So mad at work it’s getting hard to post…It’s a little worrying that it’s broke the 118 level it flatlined on for the last 2 days. I would still like to see it close near that 118 this afternoon. Frustrating but still in it for the long haul, next year’s results will tell a story of recovery I hope.

I’ll give up the bowls mate, it’s clearly bad for your health! Everything you posted is exactly my position too, we are 100% on the same page. I think we will see the price slowly moving back in the right direction next week, and the fact malta“good call”property thinks the same is even more encouraging. Have a good rest of the weekend, and stay off the greens…lol

Blimey! Hello stranger, I had to check to see if I accidentally filtered you :)