Member Info for Locky82

You’re welcome

I don’t really understand the anxiety around the debt, I know it’s never great but this debt wasn’t accumulated maintaining operations through a rough patch. This is the good type of debt… to type that will drive growth and they’ve gone out and bagged themselves arguably the most recognisable UK bookies.

The purchase of William Hill will provide the growth. To be honest its not an industry I'm over the moon to be in. Not because I have a moral objection, just because it saturated af and all the sites all basically the same but I think the purchase of Will Hill has safeguarded its future and will provide future growth. As you mention UK legislation hangs over the industry, some has been leaked and the rest probably can be predicted. Affordably checks, stake limits (will clearly be £2 inline with fob machines), ending promotions ei free bets, spins and deposit matches. I understand that its the online casinos that are the cause of problem gambling but wouldn't be surprised to eventually see a ban on advertising... If that happens having a having a Highstreet presence will be massive as that will act as the new Ray Winston keeping brand awareness alive... tbh I could be well of the mark... This isn't really my bag haha

Where do you think this is going ForeverNever?

Please enlighten me

The real mystery was the rise from 200 to 260. The outlook is as bad as it’s been in months so I was surprised by the bounce. I’m making no predictions with this one, I’m just happy to be out and watching from the sidelines atm.

I can’t disagree - I hope it’s used as an opportunity and the replacement knows Will Hill inside out.

Gee thanks lol it’s certainly a risk. I’m a complete amateur that doesn’t really deep dive, I just try and spot a bit of value and go with my gut. The market may dislike the debt pile and you’ve also got to remember they diluted shares to raise £150m so that will impact price. However it’s a recent buy out and the financial landscape hasn’t really changed - they would have done their due diligence and factored in raising interest rates. I believe they’ve hedged 35% of the debt. When I compare with Entain and Flutter at 8 & 23b market caps this entry point seems very cheap for the brands you’re picking up. I’ve grabbed £5k at 75 which is well worth the *cough* punt! Last weeks news was over down, debt should be manageable, further reform is possible but the Gov will be unlikely to crush the sector as they do rather well from it… All in all, I see this one as a no brainer… GLA

If you’d got out off bed a bit earlier you could of got 73p

Not interested in todays price. The sell off on the back of recent news seems over done. Seems like a none story to me which will soon be forgotten about. Better sentiment should return and expect in the money by the Gold Cup! GLA

Jesus Christ - this is different to read with lots of opinion presented as fact and horse **** being spouted frankly. My take away would be; it’s probably wise to do the opposite to ProfitJock, soon to be known as StopLossJock.

I don’t want to influence anyone tbh and I’m only negative because the outlook is negative. I added my last tranche at 350. Luckily it was negligible. But in a thread titled ‘missed opportunity’ where the op regets not getting back in, I’m surely entitled to mention the opportunity has not yet passed, no?

Absolute nonsense. I believe there maybe potential to make more money here, so I will continue to track the company and share my thoughts… even if I don’t currently hold shares.

Exactly the same as you mate. I was at work so couldn’t focus solely on the presentation but luckily caught a bit were Nesis reiterated that the move means the primary listing being away the the LSE. Sold instantly! To be honest the 10% drop to 300 Wednesday morning had me fearing the worst. It’s such a shame as it’s a great company, I’ll chance war and things outside of it control but the biggest risk to my money feels like it’s coming directly from the BoD.

Got the first bit right, out at 335. If you’re already back in I think you’ve blown your load early. There’s no rush to get in, nothing inspiring on the horizon. I look at price at different points this year and believe it should probably be at the lower end of its 52w range. A persistent falling of the SP over the coming weeks is the likeliest outcome imo

Hahaha, I can evidence the exit with a post here, stating that i reluctantly got out at that price. I too was surprised to buy at the perfect time in September, however I remember bad new being announced 2 days before the drop from 220 and being surprised that I had to sight right for 24hrs…. Anyway that’s nothing compared to the 120 to 330 at the beginning of this mess…

Yup in at 188 in September out at 335 on Wednesday at 335. As soon as it was made clear LSE wasn’t to be the primary listing the alarm bells went and I was like speedy Gonzales! Beep-beep! There may be more money to be made here but it has a lot further to go imo… but yeah obviously don’t listen to me lol

You’re investing with emotion and not your head. You’ll only lose more…

Yup today that would be the case, but it’s an short sighted approach. This isn’t BP cutting its losses and getting out of dodge. This is a company reducing its peacetime intrinsic value by 60%. Again the best thing the board could do is to do nothing. The SP was touching 360 last week on no news. The redom is only in Nesis interests. Would be interested to know what the Blackrock think!

This will continue to bleed. The best thing the board could do, was to do nothing.