Member Info for JohnLewis79

Name of the game!....the winner always losses! In our case opportunity cost these last 10 years....? Heh ho..could be anything?----------but given that any court case is skewed against the plaintiff at least we have bucked those odds---------makes you wonder back in the day when the award was worth c £30m the idiots in the HMRC continued with this losing case--------thank goodness! Noone ever said there was any brains in that Dept of State------commensurately displayed here!------Give that man a raise!-----Ossertst-----was he on our payroll?-----heh ho!

Well at least that £4m is earning some interest.

Blimey K thought we were going into the transport business for a mo!

I reckon on receipt of the £4m from HMRC we will have c 50pps cash in the bank at year end. Our current debt is c 29pps. At current sp our operations are worth little more than cash held and as these are likely to produce conservatively 3pps net we could have 53pps leaving c 31pps for the rest of the company. That is extremely low for the quality of earnings and cash flows Spo generates. I'm optimistic 2018 will see Spo making advances particularly given Trumps designs on getting the US back to work and the economic stimulus this will give to the labour force. We will be beneficiaries of any extra cash in pocket the US Joe has to spend. Thank goodness Penrose took us across the pond all those years ago. Right place, right time with the caveat that Trump concentrates on the economy and not on overseas grandstanding.

Dec, 8th vat appeal won. HMRC delaying payment of the £4m they owe us, are they considering an appeal to our Euro friends?

Notification of change of trustee re: Hemmings 17% stake. Rumours of him selling out are wide of the mark.

Benchmark palm oil futures for March delivery fell 0.8% to $706 a tonne at the close.

Palm surges to a 4 year high ($713) on a weaker ringgit v US greenback. Govt data showed a 6% fall in Nov production and expect to see further output falls in Dec as year end monsoon rains disrupt harvesting. Other technicals also boosted the palm price.

Betfred raises £194m in a heartbeat....BC can't raise two pence! Proves my point methinks! No doubt a clause written in forbidding reasons to be disclosed for not proceeding with acquisition etc... Fine... most of us can guess!

We can rule out Betfred from interested parties.They have just secured £195m to buy the 322 shops Ladbrokes off loaded ffollowing the Coral merger. Wonder what £195m buys them in terms of profits for i doubt they were the choice bits of Sads estate! When the whole world is going digital/Internet Betfred are adding expensive shops to their cost base which if the Govt have their way the crack machines which lets face it supports most betting outlets might be going the way of the dodo! Not a £194m punt I'd be making.

Good two way pull between 17-18 in recent days. Need to kick on from here the fundamentals would easily support a higher sp with good growth seen across all divisions. More than happy to stick around and if all goes well into 2017 this could be a bumper year for my tiny 3 stock portfolio!!! (LOL) Keep the news coming Kenny.

We are holding on to the gains (9) since the vat decision. Remember the mm's do not have the companies interest or yours to heart...they are only interested in their health! Regretably it's the only system available to value ones share. Luckily we can agree or disagree with what were offered and so can voice our opinion by selling up or buying more. Until we get some news from Spo HQ as to the outlook for next year and what we have earmarked our £97m for, best to sit on the sidelines and contemplate ones navel.

Drawback with any UK Co showing an interest in Spo is that any decision will take c 2-3 years maybe longer if HR poke their noses in where their not wanted. Anyways rest assured it won't happen. I think any move to the US will now be on the back burner as any interest in the pools has probably been eliminated... ...well at £90m anyways! So those looking for a bid must hope one of the US firms are looking for a worldwide partner. This would be better for us as I'm sure the price will reflect our true value rather than what the cheapskate UK firms are likely to offer.

Cheers K....very useful!

That's 6.666m boxes of (6) eggs. That would be c £8m retail in the UK. Wonder how much in Zam?

Despite some profit taking the price closed $5 up on week at $696.

Ellis Park racetrack selects Spo as their new provider for tote betting technologies via its world leading Quantum system. Kentucky Downs has also signed a new contract with our Racing division.

BC must be kicking themselves they didn't go the whole Hogg, no pun intended and strike for the entire share capital of Spo. Doubt we will ever know the full story for i cannot believe in this era of cheap money they were unable to raise the cash! Now with the prospect of compound interest being added any monies received could well pay for the Pools alone! Oh well, faint heart never kucedf fat pig! Pleased with yesterday's performance only a 1p off on much reduced volumes. Not many betting plc's are debt free and not saddled with the Govt or Jockey Club breathing down their necks seeking money! Betfred and Bet 365 would kill for our spread of businesses here and overseas where the Racing div is set to be a big driver of revenues as our Quantum betting system becomes more widely used. I'd be surprised if they have not had their advisors to run the numbers over Spo. We can afford to sit back and await events.

Good luck luckyjohn wish that was my monicker! Hope you keep me company as outside of the Captain it's a lonely vigil!

I have learn't to ignore broker forecasts which in the main they push out to their client base in the hope of generating comms. That's fine...that's their business. As I make all my investment decisions and have done so since 10 years old (thanks Dad) they may or may not agree with my view. That Peel Hunt seem to agree with my 150 (bid or no bid) sp worries me as I'm invariably wrong. Still who knows i could get lucky...fingers crossed. Any newcomer to Spo should be aware of the poor performance of the stock going back 10 years and (more)... the consequential opportunity loss investors have suffered, self inflicted of course, so at the most crucial moment in Spo life do you believe your hard earned cash will give you a return outside of investing in Voda or gilts? I think so but I'm talking my own book and I've been invested since i don't know when...oh yes it was William the Conqueror. Good luck guys and remember it ain't instant riches.