Member Info for KAMEL17

crookman, Paradoxically the higher offer from GVC/Amaya may be because the reduction of threat in the US from a larger 888/Party has more value to them than the opportunity to 888/Party themselves. I had always felt that once any potential purchasers got under the skin of this - the price would drop as there must be untold horror stories within it. As regards 106p, I think I'd be happy at that yes. However, i said that before and never even hovered over the sell button even once - isn't greed a dreadful decision wrecker?

The offer of 110p is in all likelihood going to be the best offer. In the absence of 888 "upping the ante" and the recent press coverage suggests that they will not do so, then this appears to be nearing the end of the saga. My initial thoughts in March were that at anything north of £1 would be good, however, I like many was just curious to see whether the €1.5bn price touted in the press was possible. I stuck around at 106p when i really ought to have known better. IMHO at 110p or indeed anything close it's time to get out before this offer gets derailed / price chipped/ complicated or delayed. This has been a disaster of a company and surely another disaster if more likely now than a potential upturn.While i still hope that 888 come up with something- if i were holding 888 i'd not be too disappointed at walking alway from this. I'd intended to hold until the conclusion of the takeover or the end of the summer. There may be one more mini spike over the next week -if that happens I'm out of this. Good luck to all holders

should of course have read that the stock has been artificially devalued,

The whole Greek debacle has driven prices down across the board. The market will still harbour thoughts of a last minute deal and there may be a further lunge downwards if this does not happen, Either way, this stock has not been artificificially devalued over the last few days and the outlook remains the same. The only question is whether to top up now in anticipation of a last minute compromse arrangement with the Greeks or to wait for the further downward move when Greece exits. Surely but surely, the Greeks will see sense and accept the deal -as the alternative for them is actually far worse. They are in a horrible situation though. Kamel

Would it perhaps be reasonable to assume that Philip Yea is expecting to have more time for other roles soon. I think i had previously posted that coming weeks would not reasonably refer to more than two months otherwise it should not have been termed as such. Yet here we are almost two months later with no meaningful news. This Bod has no regard for shareholders and it's hardly a surprise that they've let their shareholders down again. Let's hope the holdup isn't Duffelturder and his useless cohorts prolonging the process in order to feather their own nests any further. These idiots have cost the shareholders far too much already.

the word 'contaminated' should have read 'confused'

This on paper looks like a fundamentally sound disposal based upon the arithmetic. The jettisoning of 4.1m Euros of losses for a consideration of $35m is arithmetically sound. This may have been necessary as the two bidders may just not have wanted this. 888 would concentrate upon the stronger and more recognisable WSOP livery and Amaya may too consider that the identity of their own branding through Pokerstars is too valuable to be contaminated with WPT branding. The obligation to continue sponsorship until at least the end of 2016 will of course reduce the $35m somewhat and we were not made privy to the cost of that sponsorship. On balance, IMHO this is no more than a fair deal for both parties and was probably necessary to clear the way. This should at least indicate that matters are progressing though. In short though - this is just another in a long line of mis-steps taken by the BoD being unravelled. The initial purchase price of $12m added to the losses/ support/ marketing effort since 2009 and added to the costs of the obligations through until the end of 2016 would undoubtedly reveal a pretty hefty loss on the venture as a whole. Kamel

This is a very concise article and really sums up their thoughts well. Quite a departure for the normally uninformative nonsense issued by Peel Hunt, If the bid did not materialise would the SP not revert to the level prior to the most recent speculation i.e. mid 70's (rather than 80-90p range)? This would seem likely as this was where the market pegged it at that time. Given the disposal of 50m shares there would surely be downward pressure there too. All that being said, IMHO this is not a likely scenario now. The price drop from @ £1.06 to 94p was well overdone as it effectively reduced the MC by even more than the total value of the 50m shares and the rebound as predicted by a few of you did seem very likely. Essentially, there has been no change at all here, in that, if the business is genuinely worth 1.5Bbn Euro, then that's still the case. The fact that the Analyst had suggested execution risk and limited upside is by far the most important factor. Only those in the discussions to take this over genunely know the position and we're all in the dark until they show their hand. Well done to those who bought on the dip by the way.

My first reaction was exactlyu the same as yours crookman, however, upon reflection I'm trying to see the logic of the placing by Emerald Bay & Springowl. If a deal were truly imminent why would they not just wait until the end of the "coming weeks" before taking the decision make this announcement. Strategically, it may be an attempt to force the Board's hand as without the takeover on the table, whether the deal collapses or is rejected, then the effect on the SP with the sale of 50m shares the price would plummet. In the case of Emerald Bay they must be fearful that they only have a few months left to divest of these shares and the ongoing dithering without a concrete resolution will be concerning them hugely. This is of course just pure speculation on my part. I remain of the view that the BoD has no other choice other than to agree to a takeover on the best terms that they can manage. Not a nice wake up call though

I think your alarm clock just went off.

Well, I suppose that "coming weeks" is a pretty vague phrase although it's hard to believe that the author of the statement would have used such a phrase if the timetable was expected to beyond two months otherwise it would have been termed coming months. As it has now been three weeks already; surely the wait for an update cannot be far off. A bidding war would be fabulous but it just does not feel like that is the case. If there was a scramble between bidders I'd expect them to be a little more vocal in the interim. The complication and possible delay may surround a sale to one or more parties if the business is not being sold as a whole. I suspect the launch of Pokerstars' Sportsbook recently was a pretty meaningful move by Amaya to force a 'price chipping' exercise. Shouldn't be too much longer- as long as you do not die of boredom in the meantime. Kamel

Well, if your biggest regret turns out to be taking too little profit - that's hardly a killer is it. IMHO, having the smarts to exit an investment that is standing you a loss before it turns into a bigger loss is much harder to do Good luck with your subsequent investments or indeed just spending your cash. Kamel

could you take your wiffle waffle elsewhere please folks. I'm only kidding! - it appears that we are in the midst of a news vacuum and wiffle waffle is all we have. crookman - are you around or still on holday?

In terms of the opportunity, I feel sure that you are entirely correct and indeed this has been my long term view. This company has been and remains very undervalued.

Dibs, There is of course a danger in reading way too much into this. When all is said and done, he bought £23k worth of shares and his holding is worth @ £1m. He was already been significant investor with a sizeable stake before the recent purchase. For me though, the continued support and faith shown by Legal and General is much more telling and of real value. Good to see the recent rises though, especially against the current market malaise.

Fair do's, I was just interested in the scatterbomb approach to predictions over the course of the space of less than two days. Even a blind squirrel..... and all that.

errr............OK how many predictions are you going to make based upon nothing?

errr.........OK

Dibs, I personally thought the update was good too in a very matter of fact measured way. The company is not prone to hyperbole or not delivering and has become much better at managing investors' expectations. I'd not really realised that they had come so far in that regard. This augurs very well for a steady upward trend as the company begins to convert these projects into positive cashflow over the next 18-24 months, hopefully without any further hiccups. The prospect of a takeout must be very realistic. The people in charge are now entering a phase where many options and opportunities shall begin to present themselves. At the current valuation it is difficult to believe that this is not somewhat undervalued even before any further progress is made/delivered. Kind Regards and Good Luck

it's just the little details like making his/her calculations on seven million tests at £5 and not $5 and thus overstating income by at least 50%. Perhaps i was a bit harsh, however, it appears that the self proclaimed specialist may be not live up to their name. Posters such as this who are unerringly optimistic who post with no hint of balanced perspective are best ignored especially when they have never posted before then posting a volley of contributions all at once.